VERITY RESOURCES LIMITED — Major Shareholding Notification 2016

Mar 16, 2016

ABN 96 122 995 073

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ASX Code: BML

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 17 MARCH 2016

BECOMING A SUBSTANTIAL HOLDER

Attached is a Form 603 – Notice of initial substantial holder received from Polarity B Pty Ltd and G Di Benedetto following the recent rights issue.

Ramon Jimenez Company Secretary

Botswana Metals Limited

REGISTERED OFFICE

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

www.botswanametals.com.au

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

Company Name/Scheme

Botswana Metals Limited

ACN

122 995 073

1. Details of substantial holder

Name Polarity B Pty Ltd and Gerald Di Benedetto ACN 062 202 204 The holder became a substantial holder on: 15/03/2016

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities Fully paid ordinaryshares	Number of securities	Person’s votes	Voting power
	52,676,216	52,676,216	5.60%

At the date of this notice the company has 940,495,874 voting shares on issue each carrying one vote.

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Polarity B Pty Ltd	Direct	52,676,216 fully paid ordinaryshares
Gerald Di Benedetto	Indirect	52,676,216 fully paid ordinaryshares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Class and number of securities
Polarity B Pty Ltd and Gerald Di Benedetto	Polarity B Pty Ltd	Polarity B Pty Ltd	52,676,216 fully paid ordinaryshares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

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Holder of relevant interest	Date of acquisition	Consideration($)	Consideration($)	Class and number of securities
		Cash	Non-cash
Polarity B Pty Ltd	15/03/2016	$50,000.00	Nil	25,000,000 fully paid ordinaryshares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN (if applicable) Nature of association N/A N/A

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Polarity B Pty Ltd and Gerald Di Benedetto	196 Blyth Street, Brunswick East, Victoria 3057

Signature

print name Gerald Di Benedetto capacity Sole Director/Secretary of Polarity B Pty Ltd sign here _______ date 17/03/2016

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