REACH RESOURCES LIMITED — Capital/Financing Update 2018

Apr 2, 2018

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ASX ANNOUNCEMENT/MEDIA RELEASE

3 April 2018

Paynes Find Project Purchase Update

As announced 21 December 2017, Cervantes Corporation Limited (ASX: CVS ) (the Company ) confirmed that the purchase of the Paynes Find Gold Project from European Lithium Limited (ASX: EUR ) ( EUR ) (the Transaction ) had settled.

The total consideration in relation to the Transaction comprises $500,000 cash (of which $270,000 has been paid to date) and $500,000 in share consideration (paid). The parties have agreed to amend the payment terms of the remaining deferred cash consideration payable (being $230,000) as set out below:

• $75,000 on or before 31 March 2018 ( paid

• $75,000 on or before 31 May 2018; and

• $80,000 on or before 30 June 2018.

For Further information please contact:

Collin Vost Executive Chairman (08) 6436 2300

cvost@cervantescorp.com.au

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