ASX Announcement

2 November 2018

FIRB APPROVES PROPOSED TRANSACTION WITH

GREAT PANTHER SILVER LIMITED

Beadell Resources Limited (Beadell or Company) advises that the Foreign Investment Review Board (FIRB) has issued a statement of 'no objection' under the Foreign Acquisitions and Takeovers Act, 1975 (Cth) and associated Regulations in relation to the proposed transaction whereby Great Panther Silver Limited will acquire 100% of the shares of Beadell via a scheme of arrangement (Scheme) as announced to the market on 24 September 2018.

The Scheme remains subject to the satisfaction of customary conditions, including the approval of Beadell's shareholders and approval from the Federal Court of Australia.

ABOUT BEADELL

Beadell operates the Tucano Gold Mine in mining-friendly Amapá State, northern Brazil. Tucano occurs within 2,500 km2 of 100%-owned, highly prospective and under-explored 'Birimian age' greenstone terrane. The recently upgraded Tucano plant can process approximately 3.5 million tonnes per year of oxide-sulphide ore feed in a wide range of blends. There is a pregnant pipeline of high potential in-mine and near-mine prospects, anchored by several high-grade gold drill intervals over several metres, that are the near-term opportunity to improve the head grade and prolong the mine life.

FOR FURTHER INFORMATION PLEASE CONTACT:

TORONTO

PERTH

Nicole Adshead-Bell | CEO & Managing Director

Greg Barrett | CFO & Company Secretary

Graham Donahue | Head of Corp. Development

T: +1 416 945 6640

T +61 8 9429 0800

info@beadellresources.com.au

ASX ANNOUNCEMENT

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Beadell Resources Limited published this content on 02 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 November 2018 01:27:03 UTC