SUREFIRE RESOURCES NL — Capital/Financing Update 2018

May 15, 2018

16 May 2018

ASX Announcement

__________________________________________________________________________________

==> picture [204 x 74] intentionally omitted <==

CLOSE OF RENOUNCEABLE ENTITLEMENT OFFER AND SUBSCRIPTIONS

Surefire Resources NL ( Company ) advises that its renounceable entitlement issue of two and half fully paid ordinary shares in the capital of the Company ( Share ) for every one Share held, at an issue price of $0.012 per Share, to raise $3,603,031 (before costs), together with one free attaching option ( Free-Attaching Option ) and one free attaching contributing share ( Contributing Shares ) for every Share subscribed for, ( Offer ) closed at 5:00pm on Friday 11 May 2018.

The Company is pleased to announce it received a strong response from its shareholders and accepted applications for the subscription of 146,181,059 new Shares from eligible shareholders under the Offer to raise approximately $1,754,173. This represents approximately 48.7% of all Shares offered under the Offer.

The results of the Offer are as follows:

	Shares	Options	ContributingShares	Proceeds
Total number of
securities offered	300,252,600	300,252,600	300,252,600	$3,603,031
under the Offer
Total number of
securities applied
for by eligible	146,181,059	146,181,059	146,181,059	$1,754,173
shareholders under
the Offer
Total shortfall underthe Offer	154,071,541	154,071,541	154,071,541	$1,848,858

The Offer is fully underwritten by CPS Capital Group Pty Ltd ( Underwriter ) for the amount of $3,603,031, and sub-underwritten by various parties, including Plato Mining Pty Ltd, Minman Pty Ltd and Halith Pty Ltd ( Sub-underwriters ).

Accordingly, the Underwriter and Sub-underwriters will subscribe for the shortfall under the Offer in accordance with their respective underwriting and sub-underwriting arrangements, as summarised in Section 9 of the prospectus dated 24 April 2018, and Sections 2.1 and 2.4 of the supplementary prospectus dated 4 May 2018, issued in relation to the Offer.

__________________________________________________________________________________ AUSTRALIA 45 Ventnor Avenue, West Perth WA 6005 | T +61 8 9429 8888 | F +61 8 9429 8800 ABN 48 083 274 024 | ASX SRN | E info@surefireresources.com.au www.surefireresources.com.au

Securities to be issued under the Offer will be issued on 18 May 2018 and are expected to commence trading on a normal settlement basis on 21 May 2018.

Upon completion of the Offer, the Company will have 420,353,640 Shares, 420,252,600 Options and 300,252,600 Contributing Shares on issue.

For further information, please contact the Company on +61 8 9429 8846.

Vladimir Nikolaenko

Director Surefire Resources NL