XSTATE RESOURCES LIMITED — Capital/Financing Update 2015

Sep 13, 2015

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ABN 96 009 217 154

14 September 2015

ASX Release Electronic lodgement ASX Code: XST

XSTATE SHARE PURCHASE PLAN

Perth, Western Australia: Xstate Resources Limited (ASX: XST, Xstate or the Company ) advises that the Company’s Share Purchase Plan (SPP) has raised $164,798. Following receipt of acceptances well in excess of the $150,000 the Company sought to raise, the Directors have accepted over subscriptions to the maximum allowable allocation of shares, being 54,932,510 shares.

The Directors of the Company thank shareholders for their participation in the SPP.

David McArthur On behalf of the Board of Directors

Level 2, 55 Carrington Street, Nedlands WA 6009 PO Box 985, Nedlands, WA 6909 Tel + 61 8 9423 3200 Fax +61 8 9389 8327 www.xstate.com.au