Pilbara Minerals : Cleansing Notice

27 November 2017

ASX Announcements Platform Bridge Street

Sydney NSW 2001

On 23 November 2017, Pilbara Minerals Limited (ASX: PLS) (Company) undertook the issue of 1,100,158 fully paid ordinary shares (Securities).

In accordance with s708A(5)(e) of the Corporations Act 2001 (Act), the Company provides notice to ASX that:

1. the Company issued the Securities without disclosures to investors under Part 6D.2 of the Act;

2. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act, as they apply to the Company and section 674 of the Act; and

3. as at the date of this notice, the Company is in ongoing discussions with a potential offtake party for DSO ROM Ore. Negotiations are not complete and terms have not been agreed.

   The Company will advise the ASX if, and when, a formal agreement is signed; and

4. other than as described in paragraph (c), as at the date of this notice, there is no information:

5. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

6. that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

7. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

8. the rights and liabilities attaching to the Securities. For an on behalf of Pilbara Minerals Limited

9. Alex Eastwood Company Secretary

   TEL +61 8 6266 6266 LEVEL 2, 88 COLIN STREET

   FAX +61 8 6266 6288 WEST PERTH WA 6005, AUSTRALIA

   WWW.PILBARAMINERALS.COM.AU ABN 95 112 425 788