Crusader Resources : Section 708 and Appendix 3B

64232e64-69cc-4b16-ad0f-a38cf898f748.pdf

30 May 2016

The Manager ASX Limited

Company Announcements Office

Notice Under Section 708A(5) of the Corporations Act

The Company gives this notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Act").

The Company has issued shares in the capital of the Company as per the attached Appendix 3B lodged with the ASX today.

The Company advises that the shares were issued without disclosure to investors under Part 6D.2 of the Act. The Company, as at the date of this notice, has complied with:

1. the provisions of Chapter 2M of the Act as they apply to the Company; and

2. section 674 of the Act.

As at the date of this notice there is no information that is excluded information for the purposes of sections 708A(7) and (8) of the Act.

For and on behalf of Crusader Resources Limited

Andrew Beigel Company Secretary Appendix 3B New issue announcement Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Crusader Resources Limited

ABN

94 106 641 963

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

Ordinary Shares and Unlisted Options

1 +Class of +securities issued or to be issued

a) 5,800,000 shares

b) 5,000,000 options

1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

   a)Fully paid ordinary shares, b)Unlisted Options ($0.15, 31 Dec 17)

2. Principal terms of the

   +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

   +convertible securities, the conversion price and dates for conversion)

   + See chapter 19 for defined terms.

   04/03/2013 Appendix 3B Page 1

   Appendix 3B New issue announcement

   Ordinary Shares: Yes

   Options: Shares issued on exercise of options will rank equally with existing fully paid ordinary shares.

3. Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

   If the additional +securities do not rank equally, please state:

   • the date from which they do

   • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

   • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

   • $0.10 per share

   • nil

4. Issue price or consideration

5. Complete scoping study on the Juruena gold project in Brazil and general working capital purposes.

6. Corporate advisory services

7. Purpose of the issue

8. (If issued as consideration for the acquisition of assets, clearly identify those assets)

   No

   6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

   If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

   6b The date the security holder resolution under rule 7.1A was passed

   6c Number of +securities issued without security holder approval under rule 7.1

   6d Number of +securities issued with security holder approval under rule 7.1A

   + See chapter 19 for defined terms.

   Appendix 3B Page 2 04/03/2013

   6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

   6f Number of +securities issued under an exception in rule 7.2

   6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

   +issue date and both values.

   Include the source of the VWAP calculation.

   6h If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

   6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

   7 +Issue dates

   Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

   Cross reference: item 33 of Appendix 3B.

   Appendix 3B New issue announcement

   25 and 30 May 2015

   Number	+Class
   238,268,779	Fully paid ordinary shares.

   8 Number and +class of all

   +securities quoted on ASX (including the +securities in section 2 if applicable)

   + See chapter 19 for defined terms.

   04/03/2013 Appendix 3B Page 3