KBL Mining : Notification of further extension of convening period

Level 3, 2 Elizabeth Plaza, NORTH SYDNEY NSW 2060 PO Box 98, NORTH SYDNEY NSW 2059

Phone:+61 2 9927 2000

Fax: +61 2 9927 2050

Website: www.kblmining.com.au

ACN 129 954 365

13 January 2017

Sydney, New South Wales: KBL Mining Ltd (Administrators Appointed) (Receivers and Managers Appointed) ("KBL" or "Company") (ASX: KBL) wishes to advise that on 12 January 2017, with the approval of the Committee of Creditors, the Administrators have sought and obtained further orders from Master Strk in the Supreme Court of Western Australia for a further extension of the convening period with respect to the Company from Monday 16 January 2017 to Friday 27 January 2017, pursuant to section 439A(6) of the Corporations Act 2001 (Cth.) ("the Third Orders").

The effect of the Third Orders is that the convening period for the second meeting of creditors of KBL ("the Second Meeting") is extended up to and including Friday 27 January 2017, and that the meeting may be held at any time during the convening period and the period of five business days thereafter.

We advise that the Third Orders grant liberty to any person who can demonstrate sufficient interest, including any creditor of the Company or the Australian Securities and Investments Commission, to apply to the court to modify or discharge the Third Orders. The Third Orders are currently being extracted, and will be available upon request from this office in due course.

Should you require any further information with respect to the above, please contact the Administrators via AU-FM-kbl-mining@kpmg.com.au and continue to refer to ASX announcements for any further updates.

Matthew Woods

Joint & Several Voluntary Administrator

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