WEST WITS MINING LIMITED — Capital/Financing Update 2016

Jun 23, 2016

ASX: WWI www.westwitsmining.com

ASX Announcement and Media Release Friday, 24 June 2016

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Fast Facts @ 24 Jun 2016 Capital Structure: Shares on issue 456 million Options 52 million Market Cap A$7.3 million Available Cash A$0.8 million Debt Nil Enterprise Value (EV) A$6.5 million EV/oz A$4.90/oz

Company Directors & Management	Company Directors & Management
Michael Quinert	Chairman
Vin Savage	Executive Director
Neil Pretorius	Non-Exec Director
Hulme Scholes	Non-Exec Director

Top Shareholders ≈
Twynam Ag	19.9%
DRD Gold Ltd	11%
Top 40 Shareholders	74%

Company Highlights

Sol Plaatjies Agreement Finalised in South Africa

Highlights

• Agreement signed for Sol Plaatjies Project

• Objective is to remove approximately 1,500 metres of Kimberley Reef outcrop adjacent to the Sol Plaatjies village

• Extensive trenching and sampling program undertaken in conjunction with mining contractors and processors

• Completion of Sol Plaatjies Project will provide a model for several further similar projects across the Soweto Cluster area where reef remains in situ

 South Africa

• near surface and underground targets

• o 1.326m oz JORC resource - Measures: 302,000 - Indicated: 582,500 - Inferred: 441,000

• o Historic estimate of 12.8m oz at 4.6g/t o 31.8m ozs Au produced historically

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 Indonesia

• High grade placer deposit

• o Project show early stage similarities with discoveries inc; Porgera, Edie Creek, Wau

• Independent geologists believe source of nuggets likely to be local, based on the size and shape of the nuggets discovered

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West Wits Mining Limited (“West Wits” or “the Company”) is pleased to announce it has signed an Agreement to enable the commencement of the Sol Plaatjies Project (Sol Plaatjies) within the Soweto Cluster prospecting right area, Johannesburg South Africa. Sol Plaatjies has been conceived and advanced in consultation with relevant stakeholders including the landowner and the Department of Mineral Resources (DMR).

The objective of Sol Plaatjies is to remove and process a section of some 1,500 metres of Kimberly Reef outcrop adjacent to the village of Sol Plaatjies on the northern fringe of Soweto. The presence of the reef has attracted activity from illegal miners known locally as zama zama’s, which in turn has led to significant social challenges in the area.

Michael Quinert, Chairman commented, “This agreement demonstrates the growing spirit of co-operation between the Company, local landowners and the government agencies to address local issues whilst achieving their respective operational goals. The Company is confident Sol Plaatjies will provide a pilot project model for several further similar opportunities across the Soweto Cluster area where Witwatersrand reef are still in situ.”

Contact Details

West Wits Mining Limited ACN 124 894 060 Suite 1, 1233 High Street Armadale VIC 3143 T: +61 3 8692 9049 F: +61 3 8692 9040 E: info@westwitsmining.com W: www.westwitsmining.com

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Figure 1. Lease Map highlighting location of Sol Plaatjies Project

The extraction of the reef outcrop is planned to be undertaken through an open cut operation to remove ore to a depth of circa 30 metres for transport to a processing plant in the area. Following extraction of reef the land will be progressively rehabilitated to allow the landowner to commence development of an affordable housing project which will incorporate open parkland over the mined out areas.

All stakeholders including the DMR and landowner consider removal of the Kimberly Reef outcrop as an essential step to pave the way for much needed residential development.

This project will enable the landowner to meet government requirements for the lands rehabilitation whilst allowing the Company to remove the reef material for processing. This agreement has been consummated following an extensive trenching and sampling program undertaken in conjunction with mining contractors and processors. The results of those exploration activities are currently being collated and will be released in due course. The finalisation and consideration of the exploration results will provide the necessary data to enable us to finalise the project plan of works and collateral agreements with relevant third party contractors who will undertake the extraction and rehabilitation works as well as the processing of reef material.

Further updates will be made in the coming weeks as exploration results are finalised, project plans are completed and third party contractors’ agreements executed.

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For and on behalf of the board

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Michael Quinert Chairman

West Wits Mining Limited

For further information visit www.westwitsmining.com Or Contact Tim Chapman Telephone: +61 3 8692 9049