WEST WITS MINING LIMITED — Capital/Financing Update 2017

Jun 19, 2017

ASX: WWI www.westwitsmining.com

ASX Announcement and Media Release Tuesday, 20 June 2017

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Fast Facts @ 20 Jun 2017

Capital Structure: Shares on issue 456 million Options 52 million Market Cap A$8.21 million Cash in Bank A$0.2 million Debt Nil Enterprise Value (EV) A$7.91 million EV/oz A$5.76/oz

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

 South Africa o near surface and underground targets o 1.374m oz JORC resource ‐ Measures: 302,300 ‐ Indicated: 592,500 ‐ Inferred: 489,000 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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Recommencement of Sol Plaatje Project Underway

West Wits Mining Limited (ASX : WWI) (“the Company” or “West Wits”) is pleased to announce the recommencement of operations at the Sol Plaatje Project (“SPP”) which is located within the Soweto Cluster Gold Project, Johannesburg, South Africa.

The Company deployed an excavator mounted rock breaker (“eccentric ripper”) mid last week to commence excavation of hard rock. The rest of the fleet has been progressively mobilised and full production is now underway.

The assessment of contract processing alternatives for ore is continuing and it is expected that a decision will be made within the next several days. West Wits is delighted with the quality of proposals it has received and options it now has with respect to processing SPP ore.

Michael Quinert executive Chairman commented “We are thrilled to see operations in full swing again at SPP. We now have a much heightened level of control and involvement in SPP and have great confidence in the capability of the team to deliver on the mine plan which calls for a build up to 15,000 tonnes of ore per month. We expect ore to be flowing within the next two weeks for processing and sale.”

West Wits is also continuing its discussions with Mintails regarding the finalisation of amounts due to it from the previous operations at SPP. The Company recently received a further $50,000 payment reducing the outstanding claim. West Wits hopes to finalise a settlement shortly.

For And On Behalf Of The Board

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Michael Quinert Chairman West Wits Mining Limited

Contact Details

West Wits Mining Limited ACN 124 894 060

Suite 1, 1233 High Street Armadale VIC 3143

T: +61 3 8692 9049

For further information visit www.westwitsmining.com

Or Contact

F: +61 3 8692 9040

E: info@westwitsmining.com W: www.westwitsmining.com

Tim Chapman Telephone: +61 3 8692 9049