RENASCOR RESOURCES LIMITED — Capital/Financing Update 2018

May 31, 2018

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ASX Release

June 1, 2018 Renascor Resources Ltd ABN 90 135 531 341

SPP Closes, Bringing Capital Raising to over $7.7 Million

Renascor Resources (ASX: RNU) is pleased to announce that its Share Purchase Plan (SPP) closed at 5:00pm (AEST) on 28 May 2018, with valid applications received for approximately $1.2 million.

Head Office

36 North Terrace Kent Town, SA 5067 Australia

CONTACT

T: +61 8 8363 6989 F: +61 8 8363 4989 info@renascor.com.au www.renascor.com.au

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The SPP, in conjunction with the strongly supported share placement announced on 30 April 2018, raises over $7.7 million, and will allow Renascor to continue advancing its Siviour Graphite Project, located in South Australia’s Eyre Peninsula.

Renascor’s Managing Director, Mr David Christensen commented:

“I am very pleased with the take-up from existing shareholders, and I thank them for their support. With approximately $6.6 million in SPP funds and available cash on hand as of the end of May, and a further $2.2 million to come from tranche 2 of the placement, we are well funded to execute all of our objectives over the coming months to bring our Siviour Project to the point of Decision to Mine.

RNU

Developing Australia’s Largest Graphite Deposit

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As our dialogue continues with potential offtake partners, it is increasingly clear that Renascor’s Siviour Project has a number of qualities that position it to compete on the world-stage with the best graphite projects globally, and as a result, we are increasingly confident of driving strong returns for shareholders as we move along the development curve towards production.

The new fully paid ordinary shares under the SPP are being issued at $0.027 per share and are expected to be issued on Friday 1 June 2018, with holding statements expected to be despatched to participating shareholders, and any refunds in respect of ineligible applications paid on or around 4 June 2018.

Tranche 2 of the previously announced share placement remains subject to shareholder approval at general meeting of shareholders scheduled for 22 June 2018.

For further information, please contact:

David Christensen

Managing Director

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

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