PROSPECT RESOURCES LIMITED — Capital/Financing Update 2016

Jul 21, 2016

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22 July 2016

Mr Mauro Piccini Australian Securities Exchange Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000

By Electronic Lodgement

Further cleansing notice under section 708A of the Corporations Act 2001 (Cth)

As announced by Prospect Resources Limited ( Company ) today, the Company has issued and allotted the following securities:

• 250,000,000 fully paid ordinary shares at an issue price of 5 cents each (as part of a wider capital raising); and

• 115,000,000 unlisted options to directors and employees of the Company, (collectively referred to as the Securities ),

following receipt of shareholder approval at today’s extraordinary general meeting.

The Company gives this Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) and states the following:

• The Securities were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

• As at the date of this Notice, the Company has complied with:

  • the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • section 674 of the Corporations Act.

• As at the date of this Notice, there is no excluded information for the purposes of sections 708A(7) and 708A(8) of the Corporations Act.

For further information, please contact:

Andrew Whitten Company secretary Prospect Resources Limited (Aus) Ph: +61 2 8072 1400

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: info@prospectresources.com.au