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TUNGSTEN MINING NL Capital/Financing Update 2017

Oct 17, 2017

65918_rns_2017-10-17_d6128242-24dd-4a6a-b0a1-c06c074dc41a.pdf

Capital/Financing Update

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ASX Announcement

Non-renounceable Entitlement Issue – Update to Number of Shares Offered

Tungsten Mining NL (ASX: TGN) (“TGN” or “the Company”) is pleased to confirm that subsequent to the announcement of the Non renounceable Entitlement Issue (the Offer) the Company received valid option exercise notices from option holders for the issue of 11,092,532 shares.

As a result the final issued capital at close of business on 16 October 2017 (the Record Date) was 416,195,364 ordinary shares. On this basis, the number of Shares offered at 1 new share for every 3 held at the Record Date is 138,731,788 shares to raise approximately $13.87 million.

-ENDS18 October 2017

For further information: Craig Ferrier Chief Executive Officer Ph: +61 8 9486 8492 E: [email protected]

Mark Pitts Company Secretary Ph: +61 8 9316 9100 E: [email protected]

m Tungsten Mining NL 97 Outram Street ABN 67 152 084 403 West Perth WA 6005

PO Box 517 T +61 8 9486 8492 E [email protected] West Perth WA 6872 F +61 8 9322 2370 W www.tungstenmining.com