Winmar Resources : Non-Renounceable Issue

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ASX ANNOUNCEMENT

15 February 2016

Winmar Resources Limited Pro Rata non-renounceable Rights Offer

Winmar Resources Ltd (ASX: WFE) is pleased to announce that it will be undertaking a pro rata non-renounceable rights issue of new WFE ordinary shares (New Shares) at an issue price of $0.002 per New Share to raise up to approximately $800,000 (Offer).

The funds raised by the Offer, together with WFE's existing cash reserves, will be used to fund:

1. Pre-Feasibility and infrastructure studies specific to the Winmar deposit at The Hamersley Iron Project (Project). These studies will be targeted to ensure the Project is positioned to take advantage of any turn around in the iron ore spot price;

   
   

2. The evaluation and negotiation of commercial opportunities in the Information Technology sector, including conducting due diligence on any targeted investment; and,

   
   

3. General working capital.

Eligible shareholders will be able to purchase 1 New Share for every 1 existing WFE ordinary shares held as at 5.00pm (AEDT) on Friday, 19 February 2016 (Record Date). New Shares issued under the Offer will rank equally with existing WFE ordinary shares from issue.

To be an eligible shareholder, you must, as at 5.00pm (AEDT) on the Record Date:

1. be registered as a holder of WFE ordinary shares; and

2. have a registered address in Australia or New Zealand.

Full details of the Offer will be contained in an offer document to be released shortly.

For further information, please contact:

Mr Luke Humphreys Carolyn Patman

Executive Director Company Secretary

Winmar Resources Limited Winmar Resources Limited

P: +61 2 8243 7517 M: 0412 686 556

luke.humphreys@winmarresources.com.au carolyn.patman@winmarresources.com.au

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C/- Kimberley Diamonds Ltd Level 39, 264-278 George Street SYDNEY NSW AUSTRALIA 2000

P: (02) 8243 7517

F: (02) 8243 7599

www.winmarresources.com.au