February 18th 2017

Australian Securities Exchange Limited Via Electronic Lodgement

57 139 522 900

Clarification to previous announcement titled "$55 Million Capital Raising for Development of Dalgaranga Project"

On 17 February 2017 Gascoyne Resources Ltd released a market announcement titled "$55 Million Capital Raising for Development of Dalgaranga Gold Project". This announcement included details of the Company's intended Share Purchase Plan (SPP), which incorrectly stated that "An Eligible Shareholder is any shareholder recorded on the Company's Register at 5:00pm AEST on 15 February 2017 who has a registered address in Australia, New Zealand, Singapore or the United Kingdom." The correct date for determining eligibility to participate in the SPP should have read 5:00pm AEST on 16 February 2017.

The Company would also like to clarify that the 74,900,000 shares to be issued in Tranche 1 of the Placement will be issued in accordance with Listing Rule 7.1 as set out below:

  • 50,000,000 shares to be issued using the shareholder approval to issue up to 50M shares granted at the Company's 2016 AGM on 24 November 2016.

  • 24,900,000 shares to be issued using the Company remaining Listing Rule 7.1 capacity.

On behalf of the board of Gascoyne Resources Limited

David Lim

Company Secretary

P.O. Box 1449, West Perth, Western Australia 6872 Level, 41-47 Colin Street, West Perth, Western Australia 6005 Telephone +61 8 9481 3434, Facsimile +61 8 9481 0411

Email: admin@gascoyneresources.com.au, Web: www.gascoyneresources.com.au

Gascoyne Resources Ltd. published this content on 20 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2017 03:18:07 UTC.

Original documenthttp://www.gascoyneresources.com.au/assets/Uploads/170217-Placement-and-SPP.pdf

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