XSTATE RESOURCES LIMITED — Capital/Financing Update 2015

Aug 20, 2015

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ABN 96 009 217 154
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21 August 2015

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ASX Release
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Electronic lodgement
ASX Code: XST
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NOTICE UNDER ASIC CLASS ORDER [CO 09/425]

As previously announced, Xstate Resources Limited (ACN 009 217 154) ( Company ) is proposing to conduct a non‐underwritten Share Purchase Plan offer ( SPP ) to eligible shareholders. Up to 50,000,000 fully paid ordinary shares will be offered at an issue price of $0.003 each to raise up to $150,000.

Pursuant to paragraph 7(f)(ii) of ASIC Class of ASIC Class Order [CO 09/425], the Company hereby states:

1. The Company will offer fully paid ordinary shares in the capital of the Company ( Shares ) for issue without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act ).

2. The Company is giving this notice under ASIC Class Order [CO 09/425].

3. As at the date of this notice, the Company has complied with:

4. (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

5. (b) section 674 of the Act.

6. As at the date of this notice, there is no information:

7. (a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

8. (b) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

   • (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

   • (ii) the rights and liabilities attaching to the Shares.

Signed for Xstate Resources Limited by

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David McArthur Director

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