RENASCOR RESOURCES LIMITED — Capital/Financing Update 2016

Oct 26, 2016

ASX Announcement

27 October 2016

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CLEANSING STATEMENT

Renascor Resources Limited (“the Company”) (ASX: RNU) hereby provides notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act that on 21 October 2016 it issued 10,733,333 fully paid Ordinary Shares in the Company at an issue price of $0.03 per Ordinary Share without disclosure to investors under Part 6D.2 of the Corporations Act to raise $322,000 (before costs) by way of a placement as announced on 14 October 2016 (“the Placement”).

The Company states that as at the date of this notice:

• It has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act; and

• It is not aware of any excluded information with the meaning of Sections 708A(7) and 708A(8) of the Corporations Act.

An Appendix 3B with respect to the Placement was lodged by the Company with ASX on 21 October 2016.

Background information

Renascor Resources is an Australian-based company focused on the discovery and development of economically viable mineral deposits. Renascor has an extensive tenement portfolio, holding interests in projects in key mineral provinces of South Australia, the Northern Territory and Western Australia, including significant graphite projects near Arno Bay, South Australia and at Munglinup, Western Australia.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr David Christensen

Managing Director +61 8 8363 6989 info@renascor.com.au

Mr Angelo Gaudio

Company Secretary

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: info@renascor.com.au

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ASX code: RNU www.renascor.com.au