TURNSTONE RESOURCES LTD — Capital/Financing Update 2020

Jul 7, 2020

ASX ANNOUNCEMENT 8 July 2020

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DAVENPORT ANNOUNCES PLACEMENT FOLLOWING SUCCESS OF SPP

Further to the announcement of the completion of the Share Purchase Plan (“SPP”), (ASX announcement 3 July 2020) where shareholders supported the Company with funds totaling $547,000, the Board of Directors of Davenport Resources Limited (ASX:DAV) (“ Davenport ” or “the Company ”) is pleased to announce that additional interest from AFSL, Directors and sophistical investors has raised a further $325,000 through a placement (the “Placement” ) which is to be allotted within Davenport’s entitlement under ASX Listing Rule 7.1. The participation in the offering by Directors is subject to shareholder approval at the AGM.

The new shares under the Placement will be issued on or around 13 July 2020 with holding statements expected to be dispatched to participants on or around 13 July 2020.

The Company has now successfully raised $872,000 between the Placement and the SPP, which is substantially above the original target of $750,000 for the SPP. The Company would like to thank shareholders for their participation in the successful SPP and also those who participated in the Placement.

This announcement has been approved by the Board of Directors of Davenport Resources Limited.

Investor & Media Enquiries

Dr Chris Gilchrist

Chief Executive Officer Davenport Resources Ltd +353 41 988 3409 +353 87 687 9886 cgilchrist@davenportresources.com.au

Nathan Ryan

Managing Director NWR Communications +61 420 582 887 nathan.ryan@nwrcommunications.com.au

CONTACT DETAILS W: davenportresources.com.au E: info@davenportresources.com.au P: +61 (08) 6145 0291

ABN: 64 153 414 852 ASX Code: DAV ASX Code (Options): DAVO Frankfurt Code: A2DWXX

186.2 M Ordinary Shares 13.4 M Unlisted Options 46.2 M Listed Options 5.9 M Performance Rights

Level 1, 675 Murray Street, West Perth WA 6005 PO Box 1088 - West Perth WA 6872