VYSARN LIMITED — Capital/Financing Update 2020

Mar 30, 2020

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ASX:VYS

30 March 2020

PURCHASE ORDER TRIGGERS UTILISATION OF 8TH RIG

Vysarn Limited ( ASX: VYS ) ( Company ) is pleased to advise that its wholly owned subsidiary Pentium Hydro Pty Ltd ( Pentium ) confirms receipt of an additional purchase order from Roy Hill Iron Ore Pty Ltd (Roy Hill) . This has the effect of mobilising a third rig under the existing General Works Contract (GWC) with Roy Hill and the 8[th] rig from the company fleet.

Based on the current scope the first phase of the purchase order is expected to be complete within four to five months of mobilisation. Pentium plans to mobilise to site by the end of April 2020.

The ASX announcement has been authorised for release by the Board of Vysarn Limited.

For further information: James Clement Managing Director Vysarn Limited Telephone: +61 8 9486 7244

Kyla Garic Company Secretary Vysarn Limited Telephone: +61 8 9486 7244

Vysarn Limited | ABN: 41 124 212 175 | ACN: 124 212 175 | 108 Outram St, West Perth, WA 6005 | PO Box 1974, West Perth WA 6872 T +61 (0) 8 9486 7244 | F +61 (0) 8 9463 6373 | E info@vysarn.com.au | vysarn.com.au