SANDFIRE RESOURCES LIMITED — Share Issue/Capital Change 2016

Mar 1, 2016

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2 March 2016

Company Announcements Office ASX Limited Level 40 Central Park 152-158 St George’s Terrace Perth WA 6000

LAPSE OF UNLISTED OPTIONS

Sandfire Resources NL (ASX: SFR) advises that the following unlisted options have lapsed:

Number ofoptions	Date of lapse	ExercisePrice	Date of issue	Expiry date
1,466,6631,383,3321,300,005	28 February 201628 February 201628 February 2016	$9.00$10.30$11.70	March 2011 – January 2013March 2011 – January 2013March 2011 – January 2013	28 February 201628 February 201628 February 2016

The resulting capital structure of the Company is as follows:

Quoted securities	Number
Ordinary fully paid shares (SFR)	157,324,918
Unquoted securities
Options exercisable in three equal tranches at $7.60; $8.80 and $10.00 expiring 15 July 2018Performance rights expiring 1 July 2018	1,695,000546,142

Yours faithfully

Matthew Fitzgerald

Joint Company Secretary