Tyranna Resources : Appendix 3B 26 July 16

Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities

and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Tyranna Resources Limited

ABN

79 124 990 405

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

a

b.

Ordinary Shares

Listed Options

1 +Class of +securities issued or to be issued

1. 6,375,718 Ordinary Shares

2. 1,750,000 Options

1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

   a.

   b.

   Ordinary fully paid shares

   Listed, exercisable at 4 cents on or

   before 24 August 2017

2. Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid

   +securities, the amount outstanding and due dates for payment; if

   +convertible securities, the conversion price and dates for conversion)

   (a)

   (b)

   Yes

   Yes

3. Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted

   The options do not entitle the holder to

   participate in interest or dividend payments

   +securities?

   If the additional +securities do not rank equally, please state:

   • the date from which they do

   • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

   • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

4. Issue price or consideration a(i) 3,375,718 3.13 cents each ordinary

   share VWAP at date of contract

   a(ii) 3,000,000 3.3 cents each ordinary share VWAP at date of Notice of Meeting

   b. 1,750,000 issued at VWAP 1.17 cents each listed option at 19 May 2016

   a(i) Adviser Fee on sale of mineral leases a(ii) Conversion of $100,000 debt to equity

   b. Broker Fee

5. Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Yes

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

30 November 2015

6b The date the security holder resolution under rule 7.1A was passed

1. Nil

2. Nil

6c Number of +securities issued without security holder approval under rule 7.1

1. Nil

2. Nil

6d Number of +securities issued with security holder approval under rule 7.1A

a. 6,375,718 25 July 2016

b. 1,750,000 25 July 2016

6eNumber of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

Nil

6f Number of +securities issued under an exception in rule 7.2

Nil

6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values. Include the source of the VWAP calculation.

N/A

6hIf +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

See attached

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

27 July 2016

7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

1. Number and +class of all

   +securities quoted on ASX (including the +securities in section 2 if applicable)

   Number	+Class
   10,000,000	Options exercisable at
   3 cents on or before 4
   June 2018
   2,000,000	Options exercisable at
   3 cents on or before 10
   June 2017
   2,000,000	Options exercisable at
   3 cents on or before 24
   August 2017
   6,000,000	Performance Rights

2. Number and +class of all

   +securities not quoted on ASX (including the +securities in section 2 if applicable)

3. Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)