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RESOURCES & ENERGY GROUP LIMITED Capital/Financing Update 2016

Dec 20, 2016

65687_rns_2016-12-20_ffcaadc7-df6a-437a-ae4d-92d395749131.pdf

Capital/Financing Update

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ASX Release

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December 21[st] 2016

Kidman Resources Limited ABN 88 143 526 096

Sale of Burbanks Mine Update

Corporate Details: ASX Code: KDR

Issued capital: 315.9M ordinary shares 47.45M listed options (KDRO)

Substantial Shareholders : Capri Holdings (10.5%) Acorn Capital (5.88%)

Directors: Non-Executive Chairman: Peter Lester Managing Director: Martin Donohue Non-Executive Director: Brad Evans

Kidman Resources Limited (ASX: KDR) (“Kidman” or the “Company”) advises that further to the ASX Announcement dated 22 November 2016, the Company has agreed to provide Resources & Energy Group Limited (ASX: REZ) an extension to the due diligence period until January 2017.

Further details will be provided in due course following the due diligence period.

For further information:

Martin Donohue Managing Director [email protected] +61 3 9671 3801

Chief Financial Officer (CFO): Jason Eveleigh

Company Secretaries: Justin Mouchacca Melanie Leydin

Contact Details:

Kidman Resources Limited Suite 3, Level 4 12 - 20 Flinders Lane Melbourne Victoria 3000 Australia

Tel: +61 (0)3 9671 3801 Fax: +61 (0)3 9671 3523

Email: [email protected]

Website: www.kidmanresources.com.au