S2 RESOURCES LTD — Capital/Financing Update 2018

Feb 25, 2018

ASX Announcement

26[th] February 2018

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COMPLETION OF WA GOLD PROJECTS SALE

S2 Resources Ltd (“S2” or the “Company”) advises that completion has occurred under the Heads of Agreement (“Agreement”) that was announced on 14[th] February 2018.

The Agreement was with Westgold Resources Limited (“Westgold”) to sell S2’s interest in the Polar Bear Project (100%), Eundynie Joint Venture (80%) and the Norcott Project (100%) (together, the “WA Gold Projects”) via the sale of all of the shares in S2’s wholly owned subsidiary Polar Metals Pty Ltd for A$9 million.

For further information, please contact:

Mark Bennett Managing Director & CEO +61 8 6166 0240

Anna Neuling Executive Director & Company Secretary +61 8 6166 0240

North Wing, Level 2, 1 Manning Street, Scarborough WA 6019, Australia PO Box 1059 Scarborough WA 6922, Australia ABN 18 606 128 090 T +61 8 6166 0240 F 61 8 6241 4299 E admin@s2resources.com.au W www.s2resources.com.au