Hexagon Resources : Chief Commercial Officer Appointed to Build Implementation Team 10 September 2018

ASX ANNOUNCEMENT

10 September 2018

Chief Commercial Officer Appointed to Build Implementation Team

Hexagon Resources (ASX:HXG, Hexagon or the Company) is pleased to announce the appointment of Lianne Grove as its Chief Commercial Officer. This appointment is to build up its internal commercial skills to implement its strategy of creating a vertically integrated graphite business, based initially on its advanced McIntosh flake graphite project in the East Kimberley region of WA.

Ms Grove is an experienced Certified Practicing Accountant (CPA) and senior finance professional with 25 years of experience. She has spent more than 15 years in senior management positions, including roles with resources companies such as oil and gas producer AWE Limited, where she was Commercial & Finance Manager, and at Dampier Salt, a subsidiary of Rio Tinto.

She also founded her own business, Financial Wellness Australia, which is a provider of workplace financial wellness programs, financial literacy training, coaching and support services.

As Chief Commercial Officer at Hexagon, which is a newly-created role, Ms Grove will focus on business development opportunities available to Hexagon as it develops downstream processing technology for the McIntosh project.

Hexagon Managing Director Mike Rosenstreich said, "We are delighted to welcome Lianne to the team. We continue to build on our capabilities following the appointment in May this year of Michael Chan, a Metallurgical Engineer as Chief Development Officer. Lianne contributes a wealth of commercial and financial experience that complements our need to commercialise our graphite resources and processing technology. Lianne will be working closely with Michael and I to develop our businesses through strategic thinking and risk management, and she has a hands-on approach to negotiating, managing projects and costs.

"Her appointment again demonstrates that Hexagon is positioning itself as a leading player in the graphite material industry."

Ms Grove said she was thrilled with the appointment and excited to be joining Hexagon as the Company works to commercialise its graphite resources with a focus on the high-end graphite market which will require strong commercial relationships with a variety of end-users and other key stakeholders.

Ms Grove will also contribute her expertise towards the implementation of Hexagon's Joint Venture Agreement with Mineral Resources Limited (ASX: MIN), which sees the McIntosh project fully funded through to commercial production subject to a positive Feasibility Study. The FS is due for completion no-later than October 2019.

With MIN managing the JV, Hexagon is working to advance its downstream processing technology, pursuing opportunities to supply the energy storage sector, advanced technologies and established

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industrial applications, and has commenced a Scoping Study on the establishment of a graphite refinery and demonstration plant. The Scoping Study is expected to be complete by the end of CY2018.

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