$3.6m Raised via Option Exercise at a Premium and Placement

• A$3.625m raised via early exercise of options at A$0.10 per option and placement – Placement cornerstoned by leading Hong-Kong investment firm, MWP Partners Limited • New funding includes: o 16.25m options exercised at A$0.10 per option (a 17.64% premium to the last traded price of A$0.085 per share) to raise A$1.625m o 26.67m new fully paid ordinary shares issued at A$0.075 per share to raise A