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PROSPECT RESOURCES LIMITED Capital/Financing Update 2016

Jul 19, 2016

65617_rns_2016-07-19_204109f7-218c-4969-bac5-50d3048d4fb0.pdf

Capital/Financing Update

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MARKET RELEASE

20 July 2016

Prospect Resources Limited

TRADING HALT

The securities of Prospect Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 22 July 2016, or when the announcement is released to the market.

Security Code: PSC

Sebastian Bednarczyk SENIOR ADVISER, LISTINGS COMPLIANCE (PERTH)

Tel: 08 9224 0000

20 Bridge Street Sydney NSW 2000

ASX Compliance Pty Limited ABN 26 087 780 489

www.asx.com.au Customer service 13 12 79

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

20 July 2016

Mauro Piccini Australian Securities Exchange Level 40, Central Park 152-158 St George’s Terrace Perth WA 6000

By Email: [email protected] [email protected]

Dear Sir

ASX Code: PSC – Trading Halt Request

Pursuant to Listing Rule 17.1, Prospect Resources Limited (ASX:PSC) ( Company ) requests a trading halt of its securities, pending an announcement regarding the completion of a material capital raising.

The Company requests that the trading halt be effective immediately and remain in place until the earlier of the commencement of normal trading on Friday, 22 July 2016, or the release of an announcement by the Company in relation to the completion of the capital raising.

The Company is not aware of any reason why the trading halt should not be granted.

Yours faithfully

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Andrew Whitten

Company Secretary