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QEM LIMITED Share Issue/Capital Change 2019

May 29, 2019

65644_rns_2019-05-29_087d6893-9899-4dff-a960-dbc3a4978234.pdf

Share Issue/Capital Change

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ASX ANNOUNCEMENT ASX ANNOUNCEMENT

30 May 2019

Release from Escrow

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ASX: QEM
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QEM Limited (“ QEM ”, the “ Company ”) ( ASX:QEM ) advises that on 15 June 2019, 5,000,000 ordinary fully paid shares will be released from escrow.

The Company will apply to ASX for quotation of the fully paid ordinary shares so released.

For Further Information

David Fitch Managing Director

David Fitch Jane Morgan Managing Director Investor Relations P: +61 7 3303 0161 P: +61405 555 618 E: [email protected] E: [email protected]

About QEM

Based in Queensland Australia, QEM Limited (ASX: QEM) is an ASX-listed company which controls exploration tenements in the Julia Creek area of North Western Queensland, Australia. These tenements form part of the vast Toolebuc Formation, recognised as one of the largest deposits of vanadium and oil shale in the world. QEM seeks to further explore and exploit these important resources, to create value for its shareholders by providing innovative energy solutions by assisting in addressing the growing energy security and liquid fuel shortages in Australia.

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QEM Limited John Foley Chairman Level 11, 216 St Georges Terrace Daniel Harris Non-Executive Director Perth WA 6000 Australia David Fitch Executive Director

www.qldem.com.au [email protected] +61(0) 8 9481 0389