REACH RESOURCES LIMITED — Capital/Financing Update 2016

Nov 14, 2016

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ASX/Media Release

15[th] November 2016

Non-Renounceable Rights Issue: Shortfall Notice

Cervantes Corporation Limited (ASX:CVS) (“Cervantes” or the “Company”) advises that the Non-Renounceable Rights Issue Offer announced to the ASX on 11[th] October 2016 (“Rights Issue”), closed on the 10[th] November 2016.

The Rights Issue offered eligible shareholders registered on the Record Date the ability to subscribe for New Shares on the basis of one (1) fully paid ordinary share for every three (3) held at an issue price of $0.01 per share.

Total applications for New Shares raising gross proceeds of $11,086 were received. The Rights Issue shares will be issued, as per the timetable for the Rights Issue.

The results of the Rights Issue as as follows;

Number of Entitlement Shares: 1,052,103 Number of Additional Shares: 56,501 Shortfall Shares: 98,315,100 Total Number of Shares: 99,423,704

New York Securities Pty Ltd (ACN 111 049 800, AFSL: 317392) was appointed Lead Manager to the Offer and Shortfall Offer. As per the agreement New York Securities Pty Ltd reserves the right to place the remaining Shortfall Shares within three months after the closing date of the offer being the 10[th] February 2017. The prospectus authorises placement of the shortfall to all investors including Section 708 investors in Australia, New Zealand and Singapore. New York Securities Pty Ltd can be contacted on +61 8 9363 1700.

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For further information, please contact:

Collin Vost Executive Chairman Cervantes Corporation Ltd

Telephone +61 8 6436 2300 Email: admin@cervantescorp.com.au

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