ROKEBY RESOURCES LIMITED — Capital/Financing Update 2016

Jul 17, 2016

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18 July 2016

Inca Placement Closes Heavily Oversubscribed

Inca Minerals Limited ( Inca or Company ) advises that the placement offer ( Placement ) detailed in the Company’s Prospectus dated 1 July 2016 ( Prospectus ) has closed heavily oversubscribed. Subject to settlement and, as outlined in the Prospectus, the Placement uses the Company’s entire remaining 15% capacity under ASX Listing Rule 7.1 and raises almost $430,000 through the issue of 107 million shares to clients of DJ Carmichael Proprietary Limited at 0.4 cents per share.

The Board attributes the exceptionally strong interest in the Placement to recent announcements concerning the Company’s Riqueza zinc-silver-lead project in Peru. On 14 July 2016 the Company announced assay results from a recent sampling and mapping program which included:

• Discovery of eight new highly mineralised veins averaging: 10.05% Zn, 207.31g/t Ag and 12.11% Pb

• Discovery of additional mantos and extensions averaging: 8.89% Zn, 264.07g/t Ag and 12.51% Pb

• Peak values across the sampling program of: 22.70% Zn, 583g/t Ag and 24.15% Pb

Inca’s Managing Director, Mr Ross Brown, noted the importance of assay results from Riqueza for Inca’s shareholders and their current entitlements under the Prospectus. Mr Brown said “The Company’s shareholders have recently received the Prospectus and their Entitlement and Acceptance form which outline their rights to both Entitlement Shares and, if they wish, to additional Shortfall Shares at a price of 0.4 cents per share. This offer to our shareholder comes at a time when consistently high grades from both recent and previous sampling programs are available and point to the potential of Riqueza. In my view, this is an important determinant for the level of interest in the Placement from new investors and, with further assay results pending, the Board is very pleased our shareholders currently have the same opportunity under the Entitlement and Shortfall Offers.”

On 4 July 2016 the Company announced it is to raise up to A$2.4 million, before associated costs, through a rights issue to Inca shareholders. The rights issue is a pro-rata non-renounceable entitlement issue of 1 new share for every 2 shares held by Inca shareholders (on the record date) at an issue price of 0.4 cents per new share ( Entitlement Offer ).

Any new shares under the Entitlement Offer not applied for by an eligible shareholder will form Shortfall Shares. Inca shareholders may also apply for these Shortfall Shares at the price of 0.4 cents per new share ( Shortfall Offer ). This price represents a 33% discount to the market price at which Inca’s shares last traded globally, and a 30% discount to the 10-day volume-weighted average price, immediately prior to release of the Prospectus.

Inca shareholders may apply for Shortfall Shares (in addition to their entitlement) by completing the relevant section of their personalised Entitlement and Acceptance Form ( E & A Form ). The E & A Form was mailed (with the Prospectus) to eligible shareholders on 11 July 2016. Shareholders are encouraged to read the Prospectus and to contact the Company should they have any further queries.

Justin Walawski Director & Company Secretary

Suite 1, 16 Nicholson Road, Subiaco, Western Australia 6008 • PO BOX 38, West Perth, 6872 Telephone: +61 (08) 6145 0300 • ABN: 36 128 512 907 Website: www.incaminerals.com.au