TITLE 31 August 2015

No. of Pages: 1

ASX CODE: ORS

Market Cap.: $2.98 m ($0.012 p/s) Shares on issue: 248,331,672

Cash: $0.2 m (30 June 2015) Debt: $1.0 m (30 June 2015)

ASX Investments

169,672,726 AYC shares

56,557,576 AYCO options

BOARD & MANAGEMENT

Ian Gandel, Chairman

Anthony Gray, Managing Director

Bob Tolliday, Director

MAJOR SHAREHOLDERS Abbotsleigh - 41.1% Alliance Resources - 8.9% PRINCIPAL OFFICE Octagonal Resources Limited ABN 38 147 300 418

Suite 3, 51 - 55 City Road

Southbank VIC 3006

T +61 3 9697 9088 F +61 3 9697 9089 E info@octagonalresources.com.au

W www.octagonalresources.com.au

Company Update

Octagonal Resources Limited ("Octagonal" or "the Company") provides an update on its corporate activities following the ASX Announcement dated 4
August 2015 in which the Company advised that LinQ Corporate Pty Ltd had
been appointed as Corporate Advisor to assist with identifying new investment opportunities for the Company in both the resources and non- resources sectors.
Following the settlement of the sale of the Maldon Gold Operation to A1
Consolidated Gold Limited (ASX: AYC) (refer to ASX Announcement dated
25 June 2015), Octagonal has received 169,672,726 AYC shares and
56,557,576 AYCO options with a current market value of $9.16 million (4.7 cents per AYC share and 2.1 cents per AYCO option).
As Octagonal's current market capitalisation of $2.98 million (1.2 cents per ORS share) does not reflect the underlying value of its ASX investments and Western Australian tenement holding, the Company is investigating means to realise the maximum value in these assets for its shareholders.
To enable the Company to continue to investigate these opportunities Gandel Metals Pty Ltd ("Gandel Metals"), a company related with Octagonal's Chairman Mr Ian Gandel, has agreed to loan the Company
$300,000 in additional funds in excess of the current fully drawn down $1.0
million bank standby credit facility (refer to ASX Announcement dated 11
March 2015).
The additional loan funds will be unsecured and may be drawn down in multiple tranches. No fees are payable to Gandel Metals in relation to the facility and interest on the facility, levied by the bank, will be reimbursed to Gandel Metals at cost.
The additional loan funds are repayable by 1 December 2015.
The Company will provide a further update on its corporate activities as matters progress.
Additional information relating to Octagonal and its various exploration projects can be found on the Company's website: www.octagonalresources.com.au

For further enquiries, please contact: Anthony Gray (Managing Director) +61 3 9697 9088
distributed by