ZENITH MINERALS LIMITED — Capital/Financing Update 2017

Mar 14, 2017

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ELECTRONIC TRANSMISSION

DATE

15[th] March 2017

TO: Manager – Announcements Company Announcements Office Australia Stock Exchange Limited

NUMBER OF PAGES: 2

RE: COMPLETION OF PLACEMENT OF SHARES

MESSAGE:

Dear Sir/Madam

On 7[th] March 2017, the Directors of Zenith Minerals Limited (“ZNC”) announced that ZNC agreed to a funding deal with a private company controlled by prominent UK investor Jim Mellon (Bradda Head Ltd) to unlock the potential of ZNC’s USA and Mexican lithium project portfolio.

The funding deal includes a Share Placement of 15,000,000 fully paid ordinary shares in ZNC at issue price of $0.10 with a free attaching option exercisable at $0.10, expiring 31 December 2017 on the basis of one (1) free option for every five (5) shares subscribed under the placement.

The attached notice contains information required under section 708A of the Corporations Act in relation to the above transaction. In addition, we enclose Appendix 3B in respect to the above issue of shares.

Yours faithfully

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Michael Joseph Clifford Managing Director

Level 2, 33 Ord Street, West Perth, Western Australia 6005 PO Box 1426, West Perth, Western Australia 6872 Tel: (+61-8) 9226 1110 Fax: (+61-8) 9481 0411

ASX ANNOUNCEMENT

NOTICE UNDER SECTION 708A(5) OF THE CORPORATIONS ACT [ASX CODE: ZNC]

This notice is given under paragraph (5)(e) of section 708A of the Corporations Act 2001 (Cth) (“Corporations Act” ).

The following securities of the Company were issued without disclosure to investors under Part 6D.2 of the Corporations Act:

**Type **	Shares and Options
Class/Description	Fully paid ordinary shares with free attaching option exercisable at $0.10, expiring 31 December 2017 on basis of one (1) free option for every five (5) shares subscribed for under theplacement.
ASX Code	ZNC and ZNCO
Date of Issue	15thMarch 2017
Number Issued	15,000,000 fully paid ordinary shares with free attaching option exercisable at $0.10, expiring 31 December 2017 on basis of one (1) free option for every five (5) shares subscribed for under theplacement.
Issue Priceper Security	$0.10

The Company intends to apply to ASX Limited for quotation of the above securities.

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

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the company; and

• (b) section 674 of the Corporations Act.

The Company confirms that, as at the date of this notice, there is no excluded information required to be disclosed under paragraph (6)(e) of section 708A of the Corporations Act.

For and on behalf of

ZENITH MINERALS LIMITED

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Michael Clifford

Managing Director

15[th] March 2017

Level 2, 33 Ord Street, West Perth, Western Australia 6005 PO Box 1426, West Perth, Western Australia 6872 Tel: (+61-8) 9226 1110 Fax: (+61-8) 9481 0411