PREDICTIVE DISCOVERY LIMITED — Capital/Financing Update 2019

Nov 12, 2019

13 November 2019

EXTENSION TO SHARE PURCHASE PLAN CLOSING DATE

Further to previous announcements regarding the Share Purchase Plan (“SPP”) , Predictive Discovery Limited (the "Company" or "Predictive") has elected to extend the closing date of the SPP until 5.00 pm (EDST) on Monday 25[th] November 2019.

The main reason for the time extension is because some shareholders have advised that they have not received the SPP documentation in a suitable time frame and require more time to consider their investment decision.

The SPP Offer will allow eligible shareholders to participate in the capital raising on the same terms as the Placement (announced on 16[th] October 2019), which will include the issue of fully-paid ordinary shares at $0.01 per share and, in addition, for every two shares issued, the Company will issue one option with an exercise price of $0.018 per option and an expiry date which is 3 years from the date of issue (“Options”). The issue of the Options is subject to shareholder approval at the Company’s AGM planned for 26[th] November. It is also the intention of the Company to seek quotation (listing) of the Options.

The Company announced a strongly supported share placement to raise up to $1.75 million on 16 October 2019. The proceeds from this placement will ensure the Company is well placed to continue work over its highly prospective landholdings in Guinea and Cote D’Ivoire, which will include drilling activity kicking off soon in Cote D’Ivoire on the exciting Ouarigue South gold deposit on the Ferkessedougou North Project.

It is intended that the funds raised from the Placement and SPP will be used:

• To fund the Company’s gold exploration activities in West Africa including.

• Exploration activities at the Company’s 100% owned gold projects in Guinea.

• Maintaining the Company’s approximate 25% interest in the Resolute Joint Venture in Cote D’Ivoire.

• • For working capital purposes.

If any shareholder has not received their offer documentation, but wishes to take part in the SPP, we encourage you to contact the Predictive Discovery Limited Offer Information Line on 1300 495 169 (within Australia) or +61 1300 495 169 (from outside Australia) between 8.30am and 5.30pm (AEDT) Monday to Friday.

A copy of the Share Purchase Plan Amended Timetable for Offers is attached.

SHARE PURCHASE PLAN AMENDED TIMETABLE FOR OFFERS

EVENT	DATE
SPP Record Date	5pm WST on Tuesday, 15 October 2019
Announcement of Placement and SPP	Wednesday, 16 October 2019
Lodgement of cleansing notice with ASX for first tranche Placement Shares and SPP	Thursday, 24 October 2019
Opening Date for SPP	Monday, 28 October 2019
Despatch of SPP Offer Booklet	Wednesday, 30 October 2019
Closing Date for SPP	5:00pm (EDST) on Monday, 25 November 2019
Annual General Meeting	Tuesday, 26 November 2019
SPP Shares Issue Date	Thursday, 28 November 2019
SPP Shares Despatch Date	Friday, 29 November 2019
Lodgement of Prospectus	Friday, 29 November 2019
SPP Shares Trading Date	Monday, 2 December 2019
Despatch of Prospectus	Tuesday, 3 November 2019
Opening Date for Options Offers	Tuesday, 3 November 2019
Closing Date for Options Offers	Friday, 13 December 2019
SPP Options Issue Date	Wednesday, 18 December 2019
SPP Options Trading Date	Friday, 20 December 2019
SPP Options Despatch Date	Friday, 20 December 2019

• These dates are indicative only and subject to change. Subject to the Corporations Act, the Listing Rules and the terms and conditions of the SPP, the Directors reserve the right to vary these dates, including the Closing Date, or withdraw the Offers without prior notice. Accordingly, Applicants are encouraged to submit their Application Form as early as possible.

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For further information please contact:

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

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