Hastings Technology Metals : Receives Firm Commitments For $15,500,000 Capital Raising

21 August 2017

Hastings Technology Metals Ltd (Hastings or Company) (ASX:HAS) is pleased to advise that it has received firm commitments for a capital raising of $15,500,000 before costs.

The Company will issue 77,500,000 new ordinary shares (24,500,000 issued under LR7.1 and 53,000,000 issued under LR7.1A) at a price of 20 cents per share. It is expected that the receipt of funds and issue of shares will be completed by 31August 2017.

The funds will be used for infrastructure works prior to processing plant construction. This will include construction of the Yangibana mine site access road, acquisition and commissioning of an accommodation camp and preliminary engineering design work on the production plant.

Following this placement, the company has exhausted its LR 7.1 and LR7.1A capacity and accordingly, a notice of meeting is to be mailed to shareholders shortly which outlines resolutions to refresh the Company's placement capacity and to seek shareholder approval for the participation of the Directors' in this and the previous capital raising.

For further information please contact:

Mr Charles Lew - Executive Chairman - +65 62209220

Mr Aris Stamoulis - Corporate Finance Director +61 455 105607

Address Level 5, 50 Clarence St, Sydney NSW 2000 Postal Address PO Box Q128

Queen Victoria Building NSW 1230

Telephone 02 9078 7674 Fax 02 9078 7661 Email info@hastingstechmetals.com Website

www.hastingstechmetals.com ABN 43 122 911 399