PROSPECT RESOURCES LIMITED — Capital/Financing Update 2016

May 3, 2016

==> picture [244 x 37] intentionally omitted <==

4 May 2016

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

By Electronic Lodgement

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 14,537,898 fully paid ordinary shares ( Shares ) to raise $72,689, utilising the Company’s existing capacity under ASX Listing Rule 7.1.

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

• The Shares 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