REDCASTLE RESOURCES LIMITED — Capital/Financing Update 2016

Jun 7, 2016

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8 June 2016

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CONFIRMATIONS

Transcendence Technologies Limited ( Company ) provides the following confirmations to satisfy conditions for reinstatement of the Company’s securities to quotation on ASX.

Conditions to the Public Offer satisfied

The Company confirms that the conditions to the Public Offer pursuant to its Prospectus dated 11 December 2015, supplementary prospectus dated 11 March 2016 and second supplementary prospectus dated 16 March 2016 have been satisfied.

Settlement of Acquisition

The Company is pleased to advise all conditions precedent to the acquisition of 100% of the issued capital of E-Collate Pty Ltd (Acquisition) have been satisfied and the Company has completed the Acquisition.

The Company confirms it has issued 10,000,000 fully paid ordinary shares (Shares) at a deemed issue price of $0.03 per share and 10,000,000 options to acquire a share (Options) (at an exercise price of $0.05 and an expiry date three (3) years from date of reinstatement of the Company’s securities) to the vendors pursuant to the Acquisition.

Completion of issue of securities pursuant to the Noteholder Offer

The Company confirms that it has completed the issue of 12,000,000 Shares and 12,000,000 Options pursuant to the Noteholder Offer.

Completion of issue of securities pursuant to the Debtor Offer

The Company confirms that it has completed the issue of 8,310,000 Shares in order to discharge debts of $249,300 that were owed by the Company pursuant to the Debtor Offer.

No material subsequent events

The Company confirms that there have been no material subsequent events to alter the Company’s statement of financial position as detailed at section 11 of the Prospectus.

945 Wellington Street, West Perth WA 6008 | ABN 57 096 781 716 T: +61 (0)8 9322 7600 | F: +61 (0)8 9322 7602 | W: www.tt‐limited.com | E info@tt‐limited.com

No impediments

The Company confirms there are no legal, regulatory or contractual impediments to the Company undertaking the activities the subject of the commitments disclosed in the prospectus dated 11 December 2015, supplementary prospectus dated 11 March 2016 and second supplementary prospectus dated 16 March 2016.

Compliance with Listing Rule 3.1

The Company confirms that it is compliant with the ASX Listing Rules, and in particular, Listing Rule 3.1.

Issue of securities for services provided

The Company confirms that the issue of 3,509,472 Shares to Mr Zane Lewis and Mr Peter Wall (or their nominees) has occurred as payment in lieu of company secretarial and legal services provided to the Company.