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PROSPECT RESOURCES LIMITED Capital/Financing Update 2015

Dec 13, 2015

65617_rns_2015-12-13_ee2a2076-5af0-4454-8de7-6f0de242001a.pdf

Capital/Financing Update

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==> picture [244 x 36] intentionally omitted <==

14 December 2015

Mr Jeremy Newman ASX Limited Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000

COMPLETION OF ISSUE AND ALLOTMENT OF SHORTFALL SHARES UNDER RIGHTS ISSUE

Prospect Resources Limited ( Company ) wishes to advise that it has issued and allotted 35,755,000 shares under the Shortfall Offer, raising $143,020.00 (before costs) for the Company.

For further information, please contact:

Hugh Warner Executive Chairman Prospect Resources Limited (Aus) Ph: +61 413 621 652

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]