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TURNSTONE RESOURCES LTD Capital/Financing Update 2020

Jul 2, 2020

65958_rns_2020-07-02_55adf27c-1108-4efd-80e3-60008b04b44a.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT 3 July 2020

COMPLETION OF SHARE PURCHASE PLAN

Davenport Resources Ltd (ASX: DAV, “Davenport”, “The Company”) is pleased to advise that further to the announcement of 9 June 2020, the Share Purchase Plan ( “SPP” ) closed on 1 July 2020 with funds raised totalling $547,000.

The Company would like to thank shareholders for their support and looks forward to providing further details about the exciting opportunities for Davenport Resources in 2020.

The new shares to be issued under the SPP are expected to be allotted on or about 3 July 2020, with holding statements expected to be dispatched to participating shareholders on 3 July 2020.

The Company has also received additional interest from AFSL and sophisticated investors, both on a firm and best endeavours basis.

This announcement has been approved by the Board of Directors of the Company.

Investor & Media Enquiries

Dr Chris Gilchrist Nathan Ryan Managing Director Managing Director Davenport Resources Ltd NWR Communications +353 41 988 3409 +61 420 582 887 [email protected] [email protected]

Level 1, 675 Murray Street, CONTACT DETAILS West Perth WA 6005 W: davenportresources.com.au PO Box 1088 - E: [email protected] West Perth WA 6872 P: +61 (08) 6145 0291

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

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