Venture Confirms Lithium Drill Target Greenbushes Mineral District, Western Australia

ASX Announcement Wednesday, 7 September 2016 Ref: /VMS/606/VMS0388

Venture Minerals Limited (ASX code: VMS), is pleased to announce that the Company has identified a lithium drill target at the recently acquired Jasper Prospect located in the Greenbushes Mineral District.

Jasper Prospect Highlights:

• The Jasper Prospect is hosted within the Darling Fault Zone in close proximity to the Donnybrook-Bridgetown Shear Zone.

• Surface sampling has identified a lithium target which is up to 2km wide and extends over 4km of strike (Refer Figure 1).

• The laterite covered prospect hosts multiple pathfinder elements for lithium bearing pegmatites, including most importantly elevated levels of tin, tantalum and niobium.

• The Jasper Prospect is part of the Company's 1,000 square kilometre land holding under application in the Greenbushes Mineral District host to the world's largest hard rock lithium mine (produces ~40% of the worlds-lithium) (Refer Figure 2).

Following the Company's acquisition of a large tenement portfolio within the Greenbushes Mineral District, Venture has been focussed on confirming and advancing historical anomalies considered prospective for hard rock lithium occurrences. Recent field checking of the laterite covered Jasper Prospect in the south of Venture's tenement package has confirmed the presence of significant tin, tantalum and niobium anomalism (approx. 3 to 10 times background) covering several square kilometres. This combination of elements is considered a strong pathfinder for lithium bearing pegmatites in the Greenbushes Mineral District.

In addition to the distinctive geochemical signature, the Jasper Prospect is located immediately adjacent to the interpreted Darling Range and Donnybrook-Bridgetown shear zones, structures generally considered important to the localisation of pegmatites in the Greenbushes Mineral District. Venture has now advanced the prospect to a "drill ready" stage and now awaits granting of tenure before moving forward on further exploration.

Reconnaissance exploration continues on the remaining tenure focussing on identifying additional opportunities in the coming months.

Venture Minerals Limited

PO BOX 8234 Subiaco East WA 6008 288 Churchill Avenue Subiaco WA 6008

Telephone: +61 8 9381 4222

Fax: +61 8 9381 4211

ACN 119 678 385

ABN 51 119 678 385

E70/4838

Figure One | Jasper Prospect Location Map

Greenbushes

Tin-Tantalum-Lithium Mine

E70/4839

E70/4840

E70/4837

Six Lithium

Prospects

E70/4838

Figure Two | Prospect Location Map

Yours sincerely,

Hamish Halliday Managing Director

The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Andrew Radonjic, a full time employee of the company and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Andrew Radonjic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Page 4 of 8