TUNGSTEN MINING NL — Capital/Financing Update 2016

Jan 19, 2016

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ASX Announcement

Notice under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by Tungsten Mining NL (the “Company”) under section 708(5)(e) of the Corporations Act 2001 (Cth) (“Corporations Act”) as modified by the Australian Securities and Investments Commission (“ASIC”).

On 15 January 2016 the Company announced that it issued 48,000,000 fully paid ordinary shares in the Company following completion of a placement at 4 cents per share to sophisticated and institutional investors (“Placement Shares”).

Notice given under section 708A(5)(e) of the Corporations Act as modified by ASIC.

As a disclosing entity, the Company is subject to regular reporting and disclosure obligations. As the Placement Shares were issued without disclosure under Part 6D.2 of the Corporations Act, as at the date of this notice, the Company confirms it has complied with:

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) section 674 of the Corporations Act.

The Company also confirms that, as at the date of this notice, there is no “excluded information”, within the meaning of sections 708A(7) and 708A(8) of the Corporations Act (as modified by ASIC) that is required to be set out in this notice.

-ENDS-

Craig Ferrier – Chief Executive Officer 20 January 2016

For further information contact:

Craig Ferrier Chief Executive Officer Tel: +61 8 9486 8492 Colin Hay PPR Public Relations Tel: +61 8 9388 0944

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97 Outram Street PO Box 517 T +61 8 9486 8492 E info@tungstenmining.com West Perth WA 6005 West Perth WA 6872 F +61 8 9322 2370 W www.tungstenmining.com

Tungsten Mining NL ABN 67 152 084 403