POLARX LIMITED — Capital/Financing Update 2016

May 2, 2016

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MARKET RELEASE

3 May 2016

COVENTRY RESOURCES INC

TRADING HALT

The securities of Coventry Resources Inc (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday 6 May 2016 or when the announcement is released to the market.

Security Code: CYY

Mauro Piccini

SENIOR ADVISER, LISTINGS COMPLIANCE (PERTH)

Level 40, Central Park www.asx.com.au 152-158 St George's Customer service 13 12 79 Terrace Perth WA 6000

ASX Compliance Pty Limited ABN 26 087 780 489

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For Immediate Release

3 May 2016 Australian Securities Exchange: CYY

Request for Trading Halt

In accordance with ASX Listing Rule 17.1, Coventry Resources Inc. (ASX:CYY) ( the Company ) requests an immediate trading halt on its securities pending the release of an announcement regarding a capital raising ( Financing ).

The Company requests that the trading halt continue until the earlier of the commencement of normal trading on Friday 6 May 2016 or when an announcement is made by the Company regarding the Financing.

The Company is not aware of any reason why the trading halt should not be granted by the ASX

Yours faithfully

Ian Cunningham Company Secretary

Coventry Resources Inc.

(limited liability corporation existing under the laws of British Columbia ‐ ARBN 161615783) Australian Registered Office: 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