PREDICTIVE DISCOVERY LIMITED — Capital/Financing Update 2016

Sep 29, 2016

30 September 2016

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ASX

Results of Share Purchase Plan

Announcement

Predictive Discovery Limited (ASX: PDI) ( ‘PDI’ or ‘the Company’ ) is pleased to announce that the Share Purchase Plan (‘SPP”) closed on 27 September 2016 with applications received for 61,500,000 shares. At an issue price of $0.01 per share, the SPP will raise $615,000.

Predictive Discovery Limited is a gold exploration company with strong technical capabilities focused on its advanced gold exploration projects in West Africa.

In addition, under the terms of the SPP, the Board has elected to place the shortfall. Accordingly, commitments have been received for an additional 18,500,000 shares and these shares will be issued to sophisticated investors, resulting in $185,000 being raised, bringing the total funds raised under the SPP to the target of $800,000.

The Company has decided to place an additional 3,000,000 shares to sophisticated investors resulting in an additional $30,000 being raised. PDI will issue these shares from its 15% placement capacity.

ASX: PDI

Issued Capital: 1.37B shares

The shares will be allotted on 4[th] October 2016.

Share Price: 1.5 cents

The funds raised under the SPP will be used for exploration and general working capital purposes. This will assist PDI in funding its gold exploration activities in West Africa including:

Market Capitalisation: $20.6M

• The Company’s 35% share of exploration costs in the Toro Gold Joint Venture once Toro Gold Limited achieves its 65% equity by spending US$2.5 million. This will include funding of the exciting Boundiali project in northern Cote D’Ivoire.

Directors

Phillip Jackson Non-Exec Chairman

• Exploration of the Bobosso Project in Eastern Cote D‘Ivoire.

Paul Roberts Managing Director

• If a joint venture with a third party is not concluded on satisfactory terms, ongoing exploration and evaluation of the Company’s Bonsiega Project in Burkina Faso, including the Bongou gold deposit, aimed at advancing the project towards a feasibility study.

David Kelly Non-Executive Director

• New project generation in West Africa.

PDI would like to thank all of the shareholders that participated in the SPP.

For further details please contact:

Paul Roberts Ric Moore Managing Director Company Secretary Tel: +61 402 857 249 Tel: +61 8 6143 1840 Email: Email: paul.roberts@predictivediscovery.com rmoore@auroraminerals.com

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