POLARX LIMITED — Capital/Financing Update 2016

Aug 31, 2016

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For Immediate Release 1 September 2016 Australian Securities Exchange: CYY

COMPLETION OF $1.8 MILLION PLACEMENT

Coventry Resources Limited (“Coventry” or the “Company”) advises that it has raised approximately $1.8 million via the issue of 56,473,750 ordinary shares (“Shares”) at an issue price of $0.032 per Share, pursuant to the placement that it announced on 26 August 2016 (“the Placement”). The Placement was undertaken pursuant to the Company’s capacity under Listing Rule 7.1.

Net proceeds from the Placement will be used to continue to advance exploration and development at the high-grade Caribou Dome Copper Project in Alaska, USA and for general working capital.

Secondary Trading Notice

The Corporations Act (“the Act”) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By the Company giving this notice, sale of the Shares noted above will fall within the exemption is section 708A(5) of the Act.

Accordingly, the Company gives notice pursuant to section 708A(5)(e) of the Act that:

• 1. the Shares were issued without disclosure to investors under Part 6D.2 of the Act;
• 1. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and
• 1. there is no excluded information as at the date of this notice, for the purpose of sections 708A(7) and (8) of the Act.

For further information please contact:

Ian Cunningham Company Secretary +61 8 9226 1356 icunningham@coventryres.com

Coventry Resources Limited (ACN 161 615 783) Suite 9, 5 Centro Avenue, Subiaco Western Australia 6008 PO Box 457, West Perth Western Australia 6872 t: +61 8 9226 1356 f: +61 8 9226 2027 e: info@coventryres.com www.coventryres.com