Oklo Resources : Aggressive Drilling Ongoing at Seko

29th MAY 2017

The Dandoko and Moussala Projects are located within the Kenieba Inlier of western Mali and lie 30 kilometres to the east of B2Gold's 5.15Moz Fekola Project and 50 kilometres to the south- southeast of Randgold's 12.5Moz Loulo Mine (Figure 1).

► Samples have been progressively submitted to the analytical laboratory in Bamako with initial results expected over the coming fortnight.

► The Seko gold trends consist of five strong coherent auger gold anomalies of up to 2.0km in length, with a combined strike length of >7km.

► The recently completed first pass aircore (AC) drilling program along 400m spaced lines was highly successful in confirming the presence of significant bedrock gold mineralisation at all 5 auger anomalies tested.

► The follow-up program is being completed on nominal 120m spaced lines along the interpreted strike extents of the auger-defined gold trends.

► The DD rig arrived on site late last week and a 600m program of stratigraphic DD holes has commenced on three of the Seko trends to provide valuable geological and structural information to assist in the planning of deeper RC drill holes.

► Deeper RC drilling is planned to follow the AC and DD programs to further evaluate the gold mineralisation in fresh rock.

► All assay results have been received from the 1,638 hole (for 19,850m) reconnaissance coverage (400m x 100m spacing) over the Moussala Project. Numerous new gold trends were delineated from the first pass auger program with maximum values up to 5.8g/t gold.

► Further encouraging zones of gold anomalism were successfully outlined including at the Dakadia, Dakadia South and Brundoto prospects related to interpreted regional structures (Figure 2).

29th MAY 2017

Figure 1: Location of Oklo's Dandoko and Moussala gold projects in west Mali.

► Assay results are currently being integrated with data from the recent low-level heliborne aeromagnetic and radiometric survey at Moussala in advance of more detailed auger drilling.

► Dakadia will be the focus of initial follow-up work, with the anomaly located at the interpreted intersection of two regional-scale structural trends (NNE and NE).

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29th MAY 2017

Figure 2: Completed auger drill hole locations over gold-in-soil anomalies at Moussala (left) and Dandoko (right) projects.

The Company looks forward to providing further regular updates on its ongoing aggressive exploration campaign.

Managing Director Investor Relations

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29th MAY 2017

Oklo Resources is an ASX listed exploration company with gold, uranium and phosphate projects located in Mali, Africa.

The Company's focus is its large landholding of eight gold projects covering 1,389km2 in some of Mali's most prospective gold belts. The Company has a corporate office located in Sydney, Australia and an expert technical team based in Bamako, Mali, led by Dr Madani Diallo who has previously been involved in discoveries totalling in excess of 30Moz gold.

Competent Person's Declaration

The information in this announcement that relates to Exploration Results is based on information compiled by geologists employed by Africa Mining (a wholly owned subsidiary of Oklo Resources) and reviewed by Mr Simon Taylor, who is a member of the Australian Institute of Geoscientists. Mr Taylor is the Managing Director of Oklo Resources Limited. Mr Taylor is considered to have sufficient experience deemed relevant to the style of mineralisation and type of deposit under consideration, and to the activity that he is undertaking to qualify as a Competent person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the 2012 JORC Code). Mr Taylor consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

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