PREDICTIVE DISCOVERY LIMITED — Capital/Financing Update 2018

Nov 14, 2018

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$0.5 MILLION RECEIVED FOR BOBOSSO PROJECT

ASX

HIGHLIGHTS

Announcement

• Predictive has received A$515,000 from Progress Minerals Inc being payment for the Company’s 30% equity in the Bobosso Project (Cote D’Ivoire).

15 November 2018

• Importantly, the underlying agreement with Progress secures prospective future bonus payments based on reserve ounces from bankable feasibility studies on up to three gold deposits within the project area.

ASX: PDI

• The agreement also releases Predictive from any future costs or liabilities.

Issued Capital: 236 million shares

• 7,500M of partner funded RC drilling is in progress at Bobosso, testing gold mineralisation extensions inferred from earlier drill programs.

Share Price: 1.3 cents

• Predictive retains a pipeline of projects and permits across West Africa at various stages of the exploration cycle.

Market Capitalisation: $3.1m

Predictive Discovery Limited (“ Predictive” or “ Company” ) is pleased to announce that it has received payment of CAD$493,000 (A$515,000) for its 30% equity in the Bobosso Project in the Republic Cote D’Ivoire, increasing its current cash holdings to A$1.7 million. The Company made the decision to convert its equity from 30% to 0% in exchange for the upfront payment, allowing zero liability for future costs and bonus payments on development of up to 3 mines.

Directors

Phillip Jackson Non-Exec Chairman

“ The payment from Progress Minerals is an important milestone for the Company. It represents the fulfilling of a core tenet of our project generator model by realising value while de-risking our exposure to the project and reducing overall expenditure. Importantly, the Company retains its interest in the Bobosso Project through potential future payments on development of new mines. We will continue to update the market on exploration results from this project.

Paul Roberts Managing Director

David Kelly Non-Executive Director

Over the coming months we have a stream of results to announce from partner funded exploration including up to 20,000m of drilling in Burkina Faso. Bobosso is just one of a number of projects the Company holds across Burkina Faso and Cote D’Ivoire. It’s an exciting time for the Company with Predictive retaining a pipeline of early stage exploration work across West Africa” – said Paul Roberts, Managing Director Predictive Discovery Ltd.

Key details of the Bobosso bonus payments include:

• First mine development anywhere on the Bobosso permits will generate a minimum payment to Predictive of US$2.15 million.

• Progress will pay Predictive US$4.30/ore reserve ounce of gold as defined in bankable feasibility studies on up to three gold deposits, due upon first production from commercial mining operations on each of the three permit areas.

This payment will be used to support early stage exploration work and evaluation of new opportunities by Predictive across West Africa.

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ABOUT THE BOBOSSO PROJECT

The Bobosso Project consists of two granted exploration permits, Bassawa and Wendene and one permit application, Dabakala, in northern Cote D’Ivoire located within the southern extension of the well mineralised Hounde Belt. Geological mapping and re-logging of historical diamond drill core by Predictive has demonstrated that gold mineralisation is hosted in a sequence of mafic volcanics. Gold mineralisation is found in both broad, moderate grade alteration zones (silica-sericite-carbonate-pyrite) and narrower, higher grade quartz veins.

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Figure 1 - Bobosso Project locality plan. Other permits and permit applications in which Predictive has an interest are shown as different coloured polygons.

JOINT VENTURE PARTNER

Progress Minerals International Inc

Progress Minerals Inc engages in the identification, acquisition, exploration, and development of mineral resource projects focused on the West African Birimian Greenstone Belts. The company was incorporated in 2016 and is based in Vancouver, Canada.

For further details please contact:

Paul Roberts Bruce Waddell Managing Director Company Secretary Tel: +61 402 857 249 Tel: +61 8 6143 1840 Email: Email: paul.roberts@predictivediscovery.com bruce.waddell@predictivediscovery,.com

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About Predictive Discovery

Predictive Discovery (ASX:PDI) is focused on 12 projects across West Africa’s Mali, Cote D’Ivoire and Burkina Faso (Figure 2) – a proven and prolific gold region.

Our Prospect Generator model of Exploration – Partnership – Growth provides a pipeline of continuous and early stage exploration work with investment exposure to world class gold opportunities and limited downside risk.

Once initial discovery work has been completed we identify a venture partner to fund and undergo the exploration work, leveraging their expertise to drive project outcomes and allowing us to realise shareholder value.

Our project generator model, joint venture partners and exposure to a world class gold region are core drivers for our business that allow us to accelerate portfolio potential. A diligent focus on these core drivers make Predictive Discovery an exciting investment opportunity.

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Figure 2 - Map of the Birimian Gold Belt showing major mines/gold deposits and PDI project areas (stars).

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