1 July 2016

Triton Minerals Ltd (Administrators Appointed) Update

Triton Minerals Ltd (Administrators Appointed) (the Company) provides a copy of the Administrators' report to creditors prepared pursuant to section 439A(4)(a) of the Corporations Act 2001.

The Second Meeting of Creditors to be held on 8 July 2016 at 11am at Level 28, 108 St Georges Terrace, Perth WA 6000.

ENDS

Triton Minerals Ltd (Administrator Appointed)

ACN 126 042 215

Report by Administrators

Pursuant to Section 439A of the Corporations Act

30 June 2016

Table of Contents

Section Page

Statement by Administrators 1

1. Executive summary 2

2. Introduction 4

3. Company information 6

4. Historical financial position 19

5. Statement by directors 24

6. Statutory investigations 30

7. Trading by Administrators 44

8. Sale of business / assets 45

9. Proposals for DOCA 47

10. Return to creditors 55

11. Administrators' opinion 60

12. Further information and enquiries 62

    Annexure

13. Notice of meeting

14. Appointment of proxy form

15. Proof of debt form

16. Remuneration approval request report E ASIC regulatory guide 82

F Somers & Partners DOCA Term Sheet G Minjar Gold Pty Ltd DOCA Term Sheet H ASIC creditor information sheet

Report by Administrators pursuant to Section 439A

30 June 2016

Statement by Administrators

In reviewing this Report, creditors should note:

• This Report is based upon our investigations to date. Any additional material issues that are identified subsequent to the issue of this Report may be the subject of a further written report and/or tabled at the Second Meeting.

• The statements and opinions given in this Report are given in good faith and in the belief that such statements and opinions are not false or misleading. We reserve the right to alter any conclusions reached based on any changed or additional information which may be provided to us between the date of this Report and the date of the Second Meeting (except where otherwise stated).

• In considering the options available to creditors and formulating our opinion and recommendation, we have necessarily made forecasts of asset realisations and total creditors' claims based on our best assessment in the circumstances. These forecasts and estimates may change as asset realisations progress and we receive creditor claims and consequently the outcome for creditors might differ from the information provided in this Report.

• Creditors should consider seeking their own independent legal advice as to their rights and the options available to them at the Second Meeting.

Report by Administrators pursuant to Section 439A

30 June 2016 | Page 1