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POLARX LIMITED Capital/Financing Update 2016

Feb 1, 2016

65639_rns_2016-02-01_990552b3-7384-4ce9-b5ba-f9b521c8b21a.pdf

Capital/Financing Update

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For Immediate Release 2 February 2016 Australian Securities Exchange: CYY

LAPSE OF OPTIONS

Coventry Resources Inc. advises that the following options have lapsed:

Number of Options	Exercise Price	Expiry Date
200,000	C$0.05	January 31, 2016

For further information please contact:

Ian Cunningham Company Secretary +61 8 9226 1356 [email protected]

Coventry Resources Inc.

(a limited liability corporation existing under the laws of British Columbia ‐ Australian Registered Business Number 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: [email protected]

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POLARX LIMITED — Capital/Financing Update 2016

65639_rns_2016-02-01_990552b3-7384-4ce9-b5ba-f9b521c8b21a.pdf

LAPSE OF OPTIONS

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POLARX LIMITED Capital/Financing Update 2016