SUNSTONE METALS LTD — Capital/Financing Update 2019

Aug 1, 2019

2 AUGUST 2019

Letter to Option Holders

Sunstone Metals Ltd (ASX: STM; “Sunstone”) advises that the attached Notice of Expiry of Options, for 154,837,500 Options with an exercise price of $0.03 expiring 31 August 2019, will today be dispatched to shareholders.

A personalised Notice of Exercise form will also be provided with the letter to Option holders.

Board and Management of Sunstone have provided firm commitments to exercise their Options, 2,237,500 listed Options plus an additional 4,500,000 unlisted options with an exercise price of $0.032, to raise $211,125.

The exercise of the Options has been fully underwritten by Morgans Corporate Ltd.

The funds to be raised from the exercising of the Options (including the 4,500,000 unlisted options with an exercise price of $0.032) totals $4.6 million after fees.

Gavin Leicht

Company Secretary

For further information please visit www.sunstonemetals.com.au

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