STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2018

Mar 11, 2018

==> picture [165 x 121] intentionally omitted <==

ACN 086 594 498

TANTALUM INTERNATIONAL SECURES FINANCING FACILITY TO FUND THE COSTS OF CLAIMS AGAINST EGYPT

Release Date: 12 March, 2018

The Directors of Tantalum International Limited ( TIL or the Company ), currently a subsidiary company of ASX listed Arrowhead Resources Limited (Arrowhead) (ASX: AR1 ) are pleased to report that the Company has finalised the Arbitration Funding Agreement with a Guernsey-based subsidiary of the Calunius Litigation Risk Funds (the Funder ), under which the Funder has now committed to fund the costs of the Company’s legal claims against the Arab Republic of Egypt ( Egypt ).

The legal case and the committed funding arrangement:

TIL and co-claimant, Arrowhead can now proceed to jointly prosecute claims against Egypt in proceedings which relate to the alleged expropriation (amongst other claims) of TIL’s 50% interest in the large scale Abu Dabbab Tantalum-Tin-Feldspar project (the Project ), located in southern Egypt. TIL’s interest in the Project (amongst other assets) are held via its 50% equity in Egyptian registered Tantalum Egypt JSC, the holding entity of the Project tenements.

The Funder is a specialist in financing the arbitration and litigation of international disputes. Since executing a conditional funding agreement (refer ASX Report 9 August, 2017), the Funder has completed a significant due diligence program and has now issued a Positive Notice to TIL confirming that the facility is available to draw.

Given the purpose of the litigation funding facility and nature of the underlying legal process the key terms and conditions are “commercial in-confidence”. If the arbitration process is successful, an award for compensation will be made and the claimants will receive the proceeds of that award from Egypt less the Funder’s payment which comprises reimbursement of the legal and support costs and a risk fee.

The acquisition of GBG and the spin-out of TIL:

Arrowhead (to be re-named Emerge Gaming Limited) is in the final stages of completing the acquisition of 100% of the issued capital of Gaming Battle Ground (GBG), as originally announced on 22 June, 2017 subject to obtaining further shareholder and regulatory approvals, expected in March, 2018. At a General Meeting of shareholders on 9 October, 2017, shareholder’s approved the spin-out of TIL (refer Notice of Meeting dated 31 August, 2017).

The spin-out of TIL is being effected by an offer to transfer TIL shares to eligible shareholders of Arrowhead pursuant to a Capital Reduction by way of an In-Specie Distribution as approved by shareholders and described in a Short Form Prospectus dated 31 August, 2017.

The intent of the spin-out of TIL is to provide long-term Arrowhead shareholders with exposure to a potentially successful legal claim against Egypt. On this basis and subject to the completion and settlement of the GBG acquisition, the directors of TIL, will manage the legal claims in accordance with an Arbitration Management Agreement ( AMA ) between Arrowhead and TIL. Whilst Arrowhead is a joint claimant, the action will be managed entirely by TIL under the AMA with a proportion of any award funds post the Funder’s payments planned to be distributed to TIL shareholders.

TIL Chairman, Mr Mike Rosenstreich commented “it is very pleasing to have the Arbitration Funding facility now available to pursue our claims against the Egyptian Government; it has been a long process but we

Suite 1, 58 Southside Drive PO Box 2277 Hillarys WA 6025 Marmion WA 6020 Australia Australia t: +61 8 9246 4483

have undergone a thorough due diligence process and secured an excellent funding partner. The AMA is a means to manage what may be a long process and completely unrelated to the exciting new eSports venture that Arrowhead is soon to be entering and ensures that the incoming Arrowhead team will maintain its focus on the eSports business whilst we vigorously pursue our joint claims against Egypt, which is ultimately in the best interest of all shareholders.”

TIL is an unlisted, Australian public Company and its share register is to be managed by Automic Share Registry. The record date for the entitlement to receive TIL shares on a pro rata basis to a shareholder’s Arrowhead holding was 3 November, 2017. All shareholders and in particular those eligible to receive TIL shares are urged to provide Automic updated contact details including email addresses to ensure that the TIL directors are able to provide regular updates to the TIL shareholders.

Further details regarding the GBG acquisition and the TIL spin-out will be provided they become available but to assist in tracking these developments all reports to ASX are available on this link: http://www.arrowheadresources.com.au/asx-announcements-2018/. TIL will establish its own website as a portal to maintain contact with its shareholders.

For further information , please contact: Michael Rosenstreich Chairman - Arrowhead Resources Limited & Tantalum International Limited.

Phone: +61 08 9246 4483

2