RIEDEL RESOURCES LIMITED — Capital/Financing Update 2018

May 13, 2018

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Riedel Resources Limited ( ASX: RIE ) advises that the Board of Directors has resolved to issue 5,000,000 unlisted options each to non-executive directors, Messrs Scott Cuomo and Alexander Sutherland (10,000,000 unlisted options in total).

The options have an exercise price of $0.11 per option and will expire three years from the date of obtaining relevant shareholder approval, which the Company will seek at the next available General Meeting.

The proposed issue of the unlisted options are to recognise the directors’ contribution to the Company and to serve as an incentive for future performance.

For further information please contact:

Henko Vos - Company Secretary - Riedel Resources Limited

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Tel: +61 8 9463 2463

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About Riedel Resources Limited Riedel Resources Limited listed on ASX on 31 January 2011 and is an Australian-based exploration company focused on the exploration and development of technology metals in Europe.

Further information can be found at the Company’s website www.riedelresources.com.au