Dateline Resources : Company Update

15 June 2017

Company Announcements Office Australian Securities Exchange Limited Exchange Centre

20 Bridge Street

Sydney NSW 2000

• Small Mine Development LLC appointed mining contractor at Gold Links - Dateline targeting commencement of small-scale production early July
• 100%-owned Gold Links Mine sits at the south end of a regional gravity low within the Colorado Mineral Belt which is an established gold mining region
• Initial development targeting Upper Gold Links zone - previously reported sampling program resulted in an average channel sample of 22.75g/t Au and 64.33g/t Ag over approximately 30m (100ft) with best samples of:

o 151g/t Au and 380g/t Ag, 30g/t Au and 153g/t Ag, and 28.6g/t Au and 42.9g/t Ag

Gold Links sits at the south end of a regional gravity low within the Colorado Mineral Belt which is an established gold mining region. This mineralised trend continues north-northeast along the gravity low and includes the Leadville mining district that has past production from the Colorado Mineral Belt of 20-25 million ounces of gold.

After a competitive bidding process, SMD was selected to commence exploration development on two prospective areas within the Gold Links project area. SMD specialises in underground and hard- rock mining, and has worked with both large and small companies to successfully bring projects from exploration and engineering to development and production through the utilisation of safe, productive and innovative mining solutions.

SMD will initially commence development on ore from a ramp at the Upper Gold Links zone, which was a previously reported sampling program that resulted in an average channel sample of 22.75g/t Au and 64.33g/t Ag over approximately 30 metres (100ft), with the best samples of 151g/t Au and 380g/t Ag, 30g/t Au and 153g/t Ag, and 28.6g/t Au and 42.9g/t Ag.

Historical records from the Upper Gold Links zone state multiple ounce per tonne production, which

is line with Dateline's recent sampling results.

On completion of the ramp at Upper Gold Links, SMD will commence development of a ramp to access the in-situ broken ore from the Sacramento zone. The Sacramento zone was mined using the shrinkage stoping method between 1898-1906, producing approximately 18,000oz Au and 400,000oz Ag at a

time when the price of gold was US$20 per ounce and the silver price of US$0.60 per ounce. The historical production records indicate that the cost of production from the Sacramento zone was US$15 per tonne (mining, transport, and smelting).

Importantly, the Company's development timeline for Gold Links remains on schedule. Following the exploration development, small scale production is expected to commence in July 2017. Ore will be transported using trucks to the company's Lucky Strike Milling facility located approximately 50km (30 miles) from the Gold Links Mine.

SMD is expected to mobilise its fleet to site by the end of June 2017. Further updates on re- commissioning of the Lucky Strike Mill and sampling and drilling results will be provided in the coming weeks.

For more information, please contact:

The Gold Links Mine consists of a series of patented and unpatented claims that have been prospected and operated intermittently over a ~30-year period between 1885 and 1948 with the majority of the work being undertaken between 1890-1910. The Project consists of several mineralised areas. Dateline's initial focus is the redevelopment and small-scale production from the Upper Gold Links and Sacramento Zones.

The Sacramento Zone produced US$600,000 worth of gold and silver by the end of 1906 (approximately 18,000oz Au and 400,000oz Ag now valued at ~US$20 million [$1200/oz Au and $17/oz Ag]) and the Gold Links produced US$516,000 of gold and silver by the end of 1912 (approximately 25,800 ounces now valued at ~US$31 million [17,500 ounces at $1200/oz]).

The Upper Gold Links Zone stoped a continuous area of some 350m along strike, 120m along dip, at an average thickness of 0.9m (largest thickness was 7m) extracting approximately 25,000oz Au and 300,000oz Ag until 1948. Since this time, minimal mining and limited exploration has been completed.

Dateline is focused on commencing small scale production from the Upper Gold Links and Sacramento Zones that will fund the redevelopment and use of modern exploration techniques to evaluate the value of the entire geological system. This mineralised trend continues north-northeast along the gravity low and includes the Leadville mining district that has past production of 20-25 million ounces of gold.

The Sooner Lucky Strike Mill is located in Gunnison County, Colorado and comprises several patented and un-patented claims that are permitted for underground mining and on-site milling. This asset is located approximately 50km (30 miles) from the Gold Links Mine and 13km (8 miles) from the town of Gunnison.

The Sooner Lucky Strike high grade veins were discovered in 1895 in the Green Mountain (Iris) Mining District. The primary commodity being explored for is gold, although silver mineralisation has also been discovered as a by-product of gold mining.

The geology is compelling and historic workings are well documented. Proterozoic volcanics and sediments are folded, metamorphosed and intruded by granodiorite and diorite as well as gabbro dykes and sills. Mineralisation occurs as veins of quartz, carbonate and sulphide (pyrite, galena).

The Sooner Lucky Strike deposit was reportedly developed by two shafts and several drifts. The older of the two shafts is 4 feet by 8 feet in section and 170 feet deep, slightly inclined to the southwest along the vein. The first level was developed at 50-foot depth by a 75-foot long drift and stopes. The second level at the bottom of the shaft was developed by 125-foot long drift to the southeast and a 190-foot long drift to the northwest. The second shaft, located 450 to 500 feet northwest of the first and on the vein, is 25 feet deep with a 100-foot long drift developed at its base.

Dateline intends on exploring the Sooner Lucky Strike for economic ore once the Gold Links operation is operating successfully and in the short term will only focus on utilising the existing Mill to process ore from the Gold Links zones. The processing facility incorporates a traditional gravity and flotation circuit, with construction completed between 2012-13 and was operated for a period of less than 12 months.

Dateline owns the only two gold processing mills within a 250km radius in Colorado and is well placed to take advantage of toll treating opportunities within this highly mineralised region.

Dateline has engaged Hazen Research based in Golden, Colorado to advise on the metallurgy, operation, optimisation of the processing facility.