Suite 4, Level 3 South Shore Centre

85 South Perth Esplanade South Perth WA 6151

TEL +61 8 6313 3800

FAX +61 8 6313 3888

ABN 38 108 779 782

Board of Directors: David Quinlivan Luke Tonkin

Les Davis Kelvin Flynn Brian Kennedy

ASX Code: SLR

Issued Capital: 503.7m Shares 2.0m Options

5.7m Performance Rights

All financial figures quoted in this report are in Australian dollars and are unaudited

ASX ANNOUNCEMENT 26 August 2016

Completion of Sale of Great Southern Project for $5 million

Silver Lake Resources Limited (Silver Lake or the Company) is pleased to advise that it has completed the sale of the Great Southern Project to ACH Minerals Pty Ltd (ACH) for cash consideration of $5 million.

Further information concerning the transaction is set out in the Company's ASX announcements of 17 December 2015, 13 April 2016 and 16 July 2016.

For further information, please contact: Luke Tonkin

Managing Director

+61 8 6313 3800

contact@silverlakeresources.com.au

Media:

Michael Vaughan Fivemark Partners

+61 422 602 720

michael.vaughan@fivemark.com.au

Silver Lake Resources Ltd (ASX: SLR) Page 1

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