Dateline Resources : Gold Links - Development Update

2 August 2017

Company Announcements Office Australian Securities Exchange Limited Exchange Centre

20 Bridge Street

Sydney NSW 2000

• Access Portal at Upper Gold Links completed and commencement of drive shaft
• Development work to intersect the 2150 vein has commenced

Colorado focused gold mining and exploration company Dateline Resources Limited (ASX:DTR) ("Dateline" or the "Company") is pleased to advise that development of a 5x5 metres (15x15 foot) portal at the Upper Gold Links Zone has been completed. The Portal will enable ore to be loaded onto trucks underground and then transported to the Lucky Strike Mill.

Approximately 10m (30ft) of the underground ramp access has been developed and we expect that the 2150 vein will be intersected at around 30 metres to 35 metres (approximately 100ft) from the portal and directly below the area sampled and assayed in March 2017. (As shown in Figures 1 to 4 below)

The Portal has been named the "Reynolds Adit"

"Our initial plan is to replicate the grade and thickness of the 2150 vein, located approximately 15 metres below the old Upper Gold Links development and around 30 metres above the 'Diggers Heaven' stoping area.

"Current development is circa 25 metres from the initial target on the 2150 vein, directly down dip of the March 2017 sampling program that delivered a drift sample averaging 30 m @ 23 g/t.

"Dateline is satisfied with the performance and standard of work that contractors SMD have completed to date and we will continue to update shareholders as mine development activities progress."

The Company has updated slide 8 and 9 of its recently lodged corporate presentation. The updates remove reference to targeted tonnages and grades and revise timing of cashflow. This will be released shortly as a separate announcement.

For more information, please contact:

Email:info@datelineresources.com.au

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in Colorado, United States of America. In 2016, the Company acquired 100% of two, fully permitted historical gold mining projects in Colorado. The Sooner Lucky Strike Mine and Mill is located in Gunnison County and was discovered in 1885. Two shafts were developed at the project and a processing mill on site is being refurbished and upgraded by DTR with a view to increase processing capacity to 600 tpd based on the current facility. The Gold Links Mine, also in Gunnison County, is located ~50kms from Lucky Strike and forms part of Colorado's Gold Creek district.

Two separate vein systems have been mined on the property, Sacramento and the 2150. 2150 has over 600 metres of mineralisation across a +700-metre development drive. Historical gold grades ranged from 1.5 oz p/t to 10 oz p/t Au. Ore mined by DTR will be processed at the Lucky Strike Mill.

Competent Person Statement

The information in this report relating to Exploration Results and Mineral Resources is based on information compiled by

Mr Gregory Hall who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Hall is a Director of Dateline Resources Limited. Mr Hall consents to the inclusion in the report of the matters based on his information in the form and context in which it appear