01 September 2016

Market Announcements Office Australian Securities Exchange 20 Bridge Street

SYDNEY NSW 2000

Completion of Private Placement

ABN 80 085 905 997

Registered Office: Suite 1, Level 39,

  1. George Street,

    SYDNEY NSW 2000

    P: 61 2 8243 7513

    F: 61 2 8243 7599

    The Directors of Winmar Resources Ltd (Winmar or the Company) are pleased to announce a placement of new shares to a group of professional and sophisticated investors, rais ing $810,718 at $0.003 per share. The placem ent was heavily oversubscribed.

    • Firm Bids for a total of 270,239,462 new shares received and accepted;

    • Total placement of $810,718 at $0.003 a share;

    • DJ Carmichael Pty Ltd acted as Lead Manager and Corporate Adviser to the Companyfor the placement.

The new placement shares will be issued via two tranches. The first tranche of 103,572,795 shares will be issued as soon as possible under the Company's existing 15% placement capacityunder Listing Rule 7.1. The second tranche of 166,666,667 shares will be issued following shareholder approval , which will be sought at the Annual General Meeting at a date yet to be confirmed.

The Company intends to apply the funds towards near-term drilling activities at the Lomero gold-silver-copper-zinc project (Lomero), located in southern Spain.

Managing Director Rod Sainty commented "Winmar intends to begin drilling at Lomero as soon as planning and approvals are completed. This capital raise will enable the Company to progress these activities earlier than our previous schedule".

The Companywill update the market with its initial work program me at Lomero in the coming weeks. Yours sincerely,

Mr Rod Sainty

Managing Director

WINMAR RESOURCES LTD | Suite 1 Level 39, 264-278 George Street, SYDNEY NSW 2000 | ASX: WFE

P 61 2 8243 7513 | F 61 2 8243 7599 | info@winmarresources.com.au | www.winmarresources.com.au

Winmar Resources Limited published this content on 01 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 August 2016 23:28:02 UTC.

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