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PREDICTIVE DISCOVERY LIMITED Capital/Financing Update 2019

Nov 28, 2019

65537_rns_2019-11-28_bafa4a35-69e8-444a-9314-216cfd7ac659.pdf

Capital/Financing Update

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29 November 2019

PREDICTIVE COMPLETES $1.95 MILLION CAPITAL RAISING

Predictive Discovery Limited (the "Company" or "Predictive") closed its Share Purchase Plan (“SPP”) on Monday 25[th] November 2019, having received applications for 19,850,000 fully paid ordinary shares in the Company, raising $198,500 and bringing total funds raised in the past six weeks, including the recent $1.75 million placement commitment, to $1.95 million. Shares subscribed for under the SPP will be issued today, with the tranche 2 placement shares being issued following settlement on 4 December 2019.

The Company will issue one Option for every two shares subscribed for in the SPP with an exercise price of $0.018 per Option and an expiry date which is 3 years from the date of issue (“Options”). The number of Options to be issued pursuant to the SPP (approved at the AGM held on 26 November) will be 9,925,000. It is the intention of the Company to seek quotation (listing) of the Options having exceeded the 50 subscriber threshold. A Prospectus and Application Form for the Options will be despatched on or about 9 December 2019 to shareholders who subscribed for shares under the placement and the SPP.

Commented Paul Roberts, Managing Director Predictive Discovery:

“With completion of the SPP and approval of the second tranche of the recent placement, Predictive has now raised a total of $1.948 million (before costs). These funds will will enable us to drill the promising gold targets we are developing across our 100%-owned portfolio in Guinea, and support our equity contributions to the Resolute Joint Venture in Cote D’Ivoire, which returned very encouraging drill results in the June and September Quarters. We are grateful for the support of shareholders who subscribed under the SPP”.

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For further information please contact:

Paul Roberts

Bruce Waddell