STREET ADDRESS

Unit 17, Level 2

100 Railway Road Subiaco, Western Australia 6008

POSTAL ADDRESS

PO Box 8129

Subiaco East 6008

CONTACT DETAILS Tel: +61 (0)8 9380 9920 Fax: +61 (0)8 9381 5064

info@indusenergy.com.au www.indusenergy.com.au

BOARD & MANAGEMENT Mr John (Gus) Simpson

Non-Executive Chairman

Mr Anthony Milewski

Director

Mr Jonathan Whyte

Non-Executive Director & Company Secretary

Mr Ken Bull

Chief Operating Officer

ABN

22 009 171 046

ASX CODE

IND

7 October 2016

Companies Announcement Office Via Electronic Lodgement

INDUS EXERCISES OPTION TO ACQUIRE IMD GOLD MINES

Indus Energy NL (Indus or Company) is pleased to advise that it has exercised its right to initiate the acquisition of 100% of the issued capital of IMD Gold Mines Ltd (IMD Gold) in accordance with the terms of the Option Agreement executed by Indus and IMD Gold on 24 August 2016 (Option Agreement).

Both Indus and IMD Gold have satisfactorily completed legal and technical due diligence and will now look to proceed to a binding sale and purchase agreement as required to implement the transaction.

Upon completion, the acquisition of IMD Gold would create a new ASX listed gold company with plans to acquire and develop identified near production ready assets.

The proposed acquisition will result in a change in the Company's nature and scale of its activities and will require shareholder approval under Chapter 11 of the ASX Listing Rules as well as requiring the Company to re-comply with Chapters 1 and 2 of the ASX Listing Rules and obtaining conditional approval from ASX to have its securities re-admitted to trading. The Company's securities will remain suspended from quotation pending re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

Please refer to the announcement released to ASX on 24 August 2016 for further details on the transaction and more detailed information will be set out in the notice of meeting sent to shareholders.

For further information please call our office on (08) 9380 9920.

Yours Sincerely

Anthony Milewski Director

www.indusenergy.com.au

Indus Energy NL published this content on 07 October 2016 and is solely responsible for the information contained herein.
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