RAGNAR METALS LIMITED — Capital/Financing Update 2017

Jun 29, 2017

283 Rokeby Road Subiaco WA 6008 P: +61 8 6141 3500 F: +61 8 9481 1947

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E: info@drakeresources.com.au

30 June 2017

PROSPECTUS – CLOSING DATE EXTENSION

The Board of Drake Resources Limited (ASX: DRK) have decided to extend the Closing Date for acceptance of applications under the Prospectus from 30 June 2017 to 5:00pm (WST) on 14 July 2017. All other terms and conditions of the Offer remain the same.

For further details please refer to the Prospectus announced on 23 June 2017.

Julia Beckett COMPANY SECRETARY

www.drakeresources.com.au