SUREFIRE RESOURCES NL — Capital/Financing Update 2016

Dec 18, 2016

ASX ANNOUNCEMENT ASX CODE SRN

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19 December 2016

ASX Announcement

CAPITAL RAISING – SUREFIRE RESOURCES NL (SRN)

Surefire Resources NL (Surefire Resources or Company) is pleased to advise that it has signed a mandate with CPS Capital, on a best endeavours basis, to raise up to $500,000 by way of placement to sophisticated/professional investors via the issue of 250,000,000 fully paid ordinary shares at $0.002 per share ( Placement ). Subsequent to completion of the Placement, the Company will issue one free attaching listed option for each share subscribed for under the Placement (exercisable at $0.003 and expiring on 30 December 2017). The listed options will be issued, subject to shareholder and regulatory approval, under a Prospectus which will be lodged by the Company with ASX and ASIC shortly.

The funds raised from the Placement will be used for further field activity, a drilling program at Kooline and working capital.

CPS Capital or their nominees, will also be issued 100 million listed options exercisable at $0.003 and expiring on 30 December 2017 under the mandate. Each listed option issued under the Placement or to CPS Capital (or its nominees) is exercisable into one fully paid ordinary share in the capital of the Company.

In addition, the Company will seek to convert $150,000 of its current debt into fully paid ordinary shares at $0.002 per share (with one free attaching listed option exercisable at $0.003 and expiring on 30 December 2017 to be issued with every share).

The Company will seek shareholder and regulatory approval for the issue of the listed options and the securities issued in respect of the debt conversion.

Yours faithfully, SUREFIRE RESOURCES NL

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Graeme Smith Company Secretary

A.C.N. 083 274 024 +61 8 9 382 8822