ROKEBY RESOURCES LIMITED — Capital/Financing Update 2018

Aug 1, 2018

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2 August 2018

Inca Offers Shareholders Rights Issue & Conducts Placement

HIGHLIGHTS

• Inca to raise funds via 1 : 10 non-renounceable rights issue + 1 free option, at 0.5 cents per share

• Proceeds to be used for exploration at the Company’s Cerro Rayas and Greater Riqueza zinc-silverlead projects in Peru

• Inca places 27.5 million shares to Acuity Capital at 0.5 cents per share raising $137,500 (before costs)

Inca Minerals Limited ( Inca or Company ) is pleased to announce it is to raise up to $1.3 million, before associated costs, through a non-renounceable rights issue to shareholders. The rights issue is a pro rata entitlement issue of 1 new share for every 10 shares held by Inca shareholders (on the record date) at an issue price of 0.5 cents per share and the entitlement also includes 1 free attaching option, for every new share issued, at an exercise price of 1.2 cents and exercisable on or before 7 August 2020 ( Rights Issue ).

The timing of this Rights Issue is an important consideration for Inca shareholders. As previously announced, and with respect to the earn-in option agreement between Inca and South32, a number of significant contractual and developmental milestones may occur in the near future - from late August through to December 2018. Shareholders will be aware of interim results from the South32 funded geophysical survey and the Board’s view that these results are extremely positive. The Rights Issue, including the attaching free option, provides shareholders with an opportunity to capitalise on these upcoming milestones should they wish to do so.

“This is the first occasion Inca has offered options as part of a capital raising” says Inca’s Managing Director, Mr Ross Brown. “The free options will comprise a new class of listed security, subject to satisfying ASX’s official quotation requirements, and I trust shareholders will view the Rights Issue, relative to the recent market price and today’s placement (discussed below), as an attractive opportunity with very favourable pricing terms and considerable upside given upcoming milestones at Riqueza”.

Eligible Inca shareholders may subscribe for their full entitlement under the Rights Issue and may also apply for additional securities in excess of their entitlement (in the event that not all new securities under the Rights Issue are applied for). Other investors may also apply for shortfall securities.

Further details about the Rights Issue (including the attaching free options) and shortfall securities will be contained in a Prospectus lodged with ASIC and the ASX, distributed to Inca’s shareholders and made available on Inca’s website (www.incaminerals.com.au). The Prospectus, together with an Entitlement and Acceptance Form, is expected to be sent to eligible shareholders on or about 10 August 2018, in accordance with the indicative timetable below.

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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

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Indicative Timetable

Event	Date
ASX Announcement of Rights Issue and Appendix 3B	Thursday 2 August 2018
Lodgement of Prospectus with ASIC and provision of copy to ASX	Thursday 2 August 2018
Company sends letter to Eligible & Foreign Shareholders	Monday 6 August 2018
"Ex" Date	Tuesday 7 August 2018
Record Date (at 5.00pm WST)	Wednesday 8 August 2018
Prospectus despatched to Eligible Shareholders	Friday 10 August 2018
Opening Date	Friday 10 August 2018
Closing Date (at 5.00pm WST)	Friday 24 August 2018
Notify ASX of any Shortfall Securities	Wednesday 29 August 2018
Anticipated issue date of New Securities & despatch of holding statements	Friday 31 August 2018
Deferred settlement trading ends	Friday 31 August 2018
Anticipated date for commencement of trading of New Securities1	Monday 3 September 2018

The above timetable is indicative only and subject to change. Subject to the Listing Rules, the Directors reserve the right to vary these dates, including the Closing Date, without prior notice. Any extension of the Closing Date will have a consequential effect on the anticipated date for issue of the new securities. The Directors have reserved the right not to proceed with the whole or part of the Offers at any time prior to allotment. In that event, the relevant application monies will be returned without interest.

1 Note: Trading of the New Options will be subject to ASX Official Quotation.

Use of Funds

The Offers under the Rights Issue are intended to provide additional funding for exploration at the Company’s two zinc-silver-lead projects in Peru (Cerro Rayas and Greater Riqueza) and for working capital. Recent discoveries include very strong zinc grades from channel sampling at Greater Riqueza with similar results from the Company’s initial exploration at Cerro Rayas. With new concession applications already lodged, the highly encouraging results, imminent increase in the size of Cerro Rayas and future milestones at Greater Riqueza provides strong impetus for continued exploration at both projects.

Placement to Acuity Capital

The Company is also pleased to advise it has today placed 27,500,000 fully paid ordinary shares, at an issue price of 0.5 cents per share (before raising costs) ( Placement ).

The Placement was made to Acuity Capital Investment Management Pty Ltd, one of the Company’s top twenty shareholders, and will raise a total of $137,500 (before raising costs). The additional capital may be used to fund exploration at the Company’s Cerro Rayas and Greater Riqueza projects and working capital.

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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