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XPEDRA RESOURCES LIMITED Capital/Financing Update 2019

Feb 10, 2019

66100_rns_2019-02-10_8a191587-0655-441a-bcae-c38e7899910d.pdf

Capital/Financing Update

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ASX Release

11 February 2019

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VALOR RESOURCES LIMITED ACN 076 390 451

BERENGUELA PROJECT UPDATE

22 Lindsay Street PERTH, WA Australia

Tel: +61 8 9200 3467 Fax: +61 8 9227 6390

Contact: Nick Lindsay

Valor Resources Limited (VAL) is pleased to confirm that in accordance the terms of the Option Agreement between VAL and Kennecott Exploration Company (KEX) announced on 14 January 2019, VAL has received US$700,000 from KEX and paid the amount to SSR Mining Inc (SSR) to discharge the instalment due to SSR in accordance with terms of the acquisition of the Berenguela Project in May 2017 (refer to ASX announcements dated 13 February 2018, 30 March 2017 and 3 May 2017).

E-mail: [email protected]

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@valorresources

Directors

Brian McMaster Nicholas Lindsay Paula Smith

Company Secretary Paula Smith

ASX Code : VAL

Ordinary Shares: 1,893,192,258

Options:

86,333,333 ($0.045 – 04/12/2019) 400,000,000 ($0.015 – 31/12/2021)