7e5fe89a-83ef-4107-af50-fbcec7004012.pdf ASX Release

2 May 2016

ADX: Placement to Raise $800,000 ADX Energy Ltd (ASX:ADX) is pleased to announce the completion of a placement of 114,286,000 new shares at 0.7 cents per share to raise gross proceeds of $800,000.

The funds raised in conjunction with the Company's current cash resources will primarily be used to fund the Company's appraisal and feasibility work programs on the Nilde Area Development Project in Italy as well as to augment ongoing working capital requirements.

ADX currently has 656,478,273 shares on issue. The Placement is unconditional and is expected to settle on Friday 6th May 2016. QA Capital was the lead manager for the placement.

For further details please contact: Ian Tchacos Executive Chairman

+61 (08) 9381 4266

www.adxenergy.com.au

ADX Energy Ltd. issued this content on 02 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2016 00:53:05 UTC. Original document available at http://adx-energy.com/documents/adx-asx-release-placement-2-may-2016.pdf