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PROSPECT RESOURCES LIMITED Capital/Financing Update 2015

Sep 21, 2015

65617_rns_2015-09-21_c2b162cc-fd91-4fbb-99cc-73342dfc078b.pdf

Capital/Financing Update

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

22 September 2015

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

COMPLETION OF ISSUE AND ALLOTMENT OF SHARES UNDER RIGHTS ISSUE

Prospect Resources Limited ( Company ) wishes to advise that shares under the 1 for 2 pro-rata non-renounceable rights issue announced to ASX on 11 August 2015 ( Rights Issue ) and the Shortfall Offer announced to ASX on 17 September 2015, have been issued and allotted.

In total, 163,365,062 shares were issued and allotted, raising $653,460.26 (before costs) for the Company.

Updated balance under the Shortfall Offer is 178,219,848 shares, and will remain open up until 14 December 2015.

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]