TALGA GROUP LTD — Capital/Financing Update 2018

Jul 18, 2018

ASX Release 19 July 2018 ASX:TLG

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Bullfinch Gold Project Sale Completed

Talga Resources Ltd ABN 32 138 405 419

1st Floor, 2 Richardson St, West Perth 6005 Australia

T: +61 8 9481 6667 F: +61 8 9322 1935 www.talgaresources.com

Corporate Information

ASX Codes TLG, TLGOA Shares on issue 217.3m Options (listed) 44.0m Options (unlisted) 32.6m

Company Directors Terry Stinson Non-Executive Chairman

Talga Resources Ltd (“ Talga ”) (ASX Code: TLG ) advises it has received the final payment of $250,000 being the balance due pursuant to the option and sale agreement with Torque Metals Pty Ltd (“ Torque ”) (see ASX:TLG 31 Oct 2017) to purchase 100% of Talga’s Bullfinch gold project in the Yilgarn region of Western Australia (“ Bullfinch ”).

This completes the sale of Bullfinch at a total cash payment of $380,000 (exclusive of GST) plus at least $140,000 in exploration work being completed during the option period. Talga retains an ongoing 1.0% gross production royalty on any minerals extracted from Bullfinch, effective from after the first 5,000oz gold production, and Torque retains a right to buy the royalty at any time for $1.7 million.

The Board of Talga believes this transaction to be an excellent outcome with the proceeds from the sale and any royalty payments to be applied directly towards Talga’s graphene and graphite advanced material development programs in Europe.

For further information visit www.talgaresources.com or contact:

Mark Thompson Managing Director

Grant Mooney Non-Executive Director

Mark Thompson Dean Scarparolo Managing Director Company Secretary Talga Resources Ltd Talga Resources Ltd T: + 61 (08) 9481 6667 T: + 61 (08) 9481 6667

Stephen Lowe Non-Executive Director

Ola Mørkved Rinnan

Non-Executive Director

About Talga

Talga Resources Ltd (“Talga”) (ASX: TLG) is an advanced materials technology company enabling stronger, lighter and more conductive functional products for the multi-billion dollar global coatings, battery, construction and composites markets using graphene and graphite additives. Talga has significant advantages owing to 100% owned unique high grade graphite deposits in Sweden, a scalable processing technology facility in Germany and product technology laboratory in Cambridge, UK. Product development and commercial agreements are underway with a range of international corporations.

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