QX RESOURCES LIMITED — Share Issue/Capital Change 2016

Aug 24, 2016

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ASX ANNOUNCEMENT

25 August 2016

ASX/Media Announcement

COMPLETION OF SECURITY CONSOLIDATION

Black Mountain Resources Limited (“the Company”) (ASX code: BMZ) wishes to advise Shareholders that the security consolidation on a one (1) for ten (10) basis as approved by Shareholders at the General Meeting of Shareholders held on 15 August 2016 has been completed and the new security structure of the Company is as follows:

Quoted securities:

Fully Paid Ordinary Shares – 41,051,630 (Post Consolidation)

Unquoted securities:

Options exercisable at $1.20 each on or before 31 March 20 1 7 – 300,000 (Post Consolidation) Options exercisable at $1.00 each on or before 30 November 2016 – 100,000 (Post Consolidation)

Deferred settlement trading will end today and the Company’s Fully Paid Ordinary Shares will commence trading under ASX code BMZ on 26 August 2016. The Company’s Fully Paid Ordinary Shares remain suspended on the ASX.

END

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Jason Brewer Director Black Mountain Resources Ltd

Black Mountain Resources Limited ABN 55 147 106 974 www.blackmountainresources.com.au info@blackmountainresources.com.au

Suite 5, 531 Hay Street Subiaco WA 6008 Tel: +61 8 9489 4837 Fax: +61 8 9380 8300