VERITY RESOURCES LIMITED — Capital/Financing Update 2016

Feb 22, 2016

ACN 122 995 073

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ASX Code: BML

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 23 FEBRUARY 2016

NON-RENOUNCEABLE RIGHTS ISSUE DISPATCH OF OFFER DOCUMENT

Botswana Metals Limited (ASX: BML) (“the Company”) refers to the pro-rata non-renounceable rights issue on a 7-for-9 basis of up to 505,572,770 new fully paid ordinary shares at an issue price of 0.2 cent ($0.002) cash per share payable in full on application (“Offer”).

The Company has now sent the Offer Document and a personalised Entitlement and Acceptance Form to all eligible shareholders.

The Company reserves the right not to proceed with the whole or part of the Offer at any time prior to the issue date specified in the timetable for the Offer that has been released to ASX and is contained in the Offer Document. In that event, application monies will be refunded in full without interest.

Pat Volpe Chairman

**Botswana

Metals
Limited**

Mailing
Address Suite
3,
16
Cotham
Road,
Kew,
Victoria
3101

Registered
Office Suite
506,
Level
5,
1
Princess
Street,
Kew,
Victoria
3101 P:
+61
3
9855
1885;
F:
+61
3
9855
2885 Email
info@botswanametals.com.au

www.botswanametals.com.au