Newton Resources : Announcements and Notices - Connected Transaction - Assignment and Novation Agreement in Relation to the Long Term Hematite Supply Agreement - Completion

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1231)

CONNECTED TRANSACTION

ASSIGNMENT AND NOVATION AGREEMENT IN RELATION TO

THE LONG TERM HEMATITE SUPPLY AGREEMENT

COMPLETION

Reference is made to the announcement of Newton Resources Ltd (the " Company") dated 31 May 2019 and the circular of the Company dated 8 July 2019 (the " Circular") in relation to, among others, the connected transaction in respect of the Assignment and Novation Agreement. Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that all conditions precedent in respect of the Assignment and Novation Agreement have been fulfilled and accordingly the Completion took place on 7 August 2019 in accordance with the terms and conditions of the Assignment and Novation Agreement.

By order of the Board

Newton Resources Ltd

Chong Tin Lung, Benny

Chairman and executive Director

Hong Kong, 7 August 2019

As at the date of this announcement, the executive Directors are Mr. Chong Tin Lung, Benny, Mr. Li Changfa and Mr. Luk Yue Kan; the non-executive Director is Mr. Wu Wai Leung, Danny; and the independent non-executive Directors are Mr. Tsui King Fai, Mr. Lee Kwan Hung and Mr. Shin Yick, Fabian.