Manas Resources Limited ACN 128 042 606

Level 2, Suite 9, 389 Oxford Street Mt Hawthorn, WA 6016

Australia Telephone: +61 8 9380 6062

Facsimile: +61 8 9380 6761

W www.manasresources.com

E info@manasresources.com

3 M a r c h 2 0 1 7 A S X R E L E A S E / M E D I A R E L E A S E FINAL PAYMENT RECEIVED FROM KYRGYZ ASSET SALE

Manas Resources Limited (ASX: MSR) ("Manas" or "the Company") is pleased to announce receipt of US$4.9M, being the second and final instalment from the US$10M sale of its Kyrgyz mineral assets to Chinese State Owned Enterprise, Guizhou Geological and Mineral Resources Development Company Limited ("GGMRD") and its nominee, Tiandi International Mining Co. Limited ("Purchaser").

Manas CEO, Philip Reese, commented: "Receipt of the final payment ahead of schedule brings Manas's involvement in Kyrgyzstan to a close and allows the Company to focus its attention on advancing the acquisition of the exciting Victoria Gold Project in Tanzania. I would like to extend my gratitude to all those involved in this successful transaction and wish GGMRD, Tiandi and its in-country team all the best for the future development of the Shambesai Gold Project."

For further information, please contact:

Philip Reese Phil Retter

Chief Executive Officer Investor Relations

Manas Resources Limited NWR Communications

T: +61 8 9380 6062 T: +61 407 440 882

E: phil.reese@manasresources.com E: phil@nwrcommunications.com.au

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