RAIDEN RESOURCES LIMITED — Capital/Financing Update 2018

Nov 1, 2018

ASX RELEASE | 02 November 2018

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STARA PLANINA PROJECT LICENCE EXTENSION GRANTED

HIGHLIGHTS

• Exploration licence extension granted for a further 3 years at Stara Planina by the Serbian Ministry of Mining and Energy

• The Company continues to review available geological data with the recommencement of field activities at Stara Planina imminent

Raiden Resources Limited (ASX: RDN) (‘Raiden’ or the ‘Company’) is pleased to provide an update on the Stara Planina Project licence renewal.

Exploration licence extension status

On the 1[st] of November 2018, the Company’s JV partner and holder of the Stara Planina exploration licence, Geoconsulting Studio DOO, received written confirmation from the Serbian Ministry of Mining and Energy that the exploration licence had been extended for a further 3 years. While the Company was confident that the renewal would be received under Serbian law, it was unable to conduct exploration during this period until the renewal was granted.

Over the past weeks the Company has continued to compile the available geological data and evaluate its land access agreements with various surface rights owners. This information has since been compiled into a revised interpretation and will serve to guide future field activities at Stara Planina.

Dusko Ljubojevic, Managing Director of Raiden, commented: " The Company has regularly liaised with the Serbian Ministry of Mines and Energy to ensure the Stara Planina licence extension is granted. The granting of the licence extension will allow the Company to re-commence field activities. The Company is currently planning follow up activities on the licence, which we will look to commence within the following days .”

FOR FURTHER INFORMATION PLEASE CONTACT:

DUSKO LJUBOJEVIC

Managing Director

Raiden Resources Limited

dusko@raidenresources.com.au

www.raidenresources.com.au

ASX RELEASE | 02 November 2018

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Disclaimer:

Forward-looking statements are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)”, “potential(s)”and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company’s prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

About Raiden Resources

Raiden Resources Limited (ASX:RDN) is an ASX listed copper—gold focused exploration company focused on the emerging prolific Tethyan metallogenic belt in eastern Europe, focused in Serbia. The Company has signed an Earn-In and Joint Venture Agreement with Rio Tinto in respect to three of its six projects, whereby Rio Tinto can earn a 75% project-level position in the properties via a staged exploration commitment totalling USD$31.5 million in three stages at Rio Tinto’s election.

Raiden also retains a 100% interest in the Bor and Pirot project applications and the Zupa property, which the company considers prospective for intrusion-related mineralisation styles including gold, copper and other base metals. The Directors believe that the Company is well positioned to unlock value from this exploration portfolio and be positioned as a fresh ASX listed gold-copper exploration company.