XPEDRA RESOURCES LIMITED — Capital/Financing Update 2017

May 2, 2017

3 May 2017

Australian Securities Exchange Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000

PLACEMENT

SECTION 708A(5)(E) NOTICE ISSUE OF SECURITIES WITHOUT A DISCLOSURE DOCUMENT

Valor Resources Limited (“the Company”) gives the following notice under section 708A(5)(e) of the Corporations Act 2001 (“the Act”):

1) On 3 May 2017, the Company issued the following securities in the Company (refer Appendix 3B lodged 3 May 2017):

Type:	Shares
Class/Description:	Ordinary (fully paid)
ASX Code:	VAL
Date of Issue:	3 May2017
Number Issued:	260,000,000
**Issue Priceper Security **	$0.01

2) the Company issued the Shares without disclosure to sophisticated investors in accordance with Part 6D.2 of the Act;

3) as at the date of this notice the Company has complied with:

• the provisions of Chapter 2M of the Act as they apply to the Company; and

• section 674 of the Act;

4) as at the date of this notice, there is no information which is “excluded information” within the meaning of section 708A(7) of the Act.

Yours faithfully

Paula Cowan Company Secretary Valor Resources Limited