ASX ANNOUNCEMENT

24 November 2015

Triton Minerals Ltd

ASX: TON

ABN: 99 126 042 215

Street address: Ground Floor, Unit 1 256 Stirling Highway Claremont

Western Australia 6010

Postal address:

PO Box 1518

West Perth

Western Australia 6872

Tel: +61 8 6489 2555

Fax: +61 8 6489 2556

Email:

[email protected]

Web:

www.tritonmineralsltd.com.au

Projects: Mozambique Balama North Graphite-Vanadium Ancuabe Graphite

Balama South Graphite

ENTITLEMENT OFFER REVISED INDICATIVE TIMETABLE

On 12 November 2015, Triton Minerals Limited (ASX: TON) (Triton or Company) announced that the Company will be offering eligible shareholders the opportunity to acquire fully paid ordinary shares in the Company (Shares) through a pro rata non-renounceable entitlement issue of one (1) Share for every five (5) Shares held by eligible shareholders on the record date, at an issue price of $0.15 per share to raise up to $11,296,483 (before costs), with each eligible shareholder offered one (1) free attaching option (Options) for every two (2) Shares subscribed for under the offer (Entitlement Offer). The Options are exercisable at $0.20 each and expire on 16 March 2017 and are expected to be listed subject to compliance with ASX Listing Rules.

The Company now sets out the following revised indicative timetable that it expects to apply in relation to the Entitlement Offer:

For further information, please contact:

Holder of the world's largest known combined graphite-vanadium resource

Triton plans to establish Triton Mozambique graphite, produced from its Mozambique graphite projects (TMG) as the global graphite-industry benchmark by aiming to offer the world's lowest cost and most diversified graphite product range, together with the longevity of a reliable supply of high quality flake graphite.

Triton is also actively pursuing vertical integration opportunities to be involved in all aspects of the graphite supply chain, which Triton believes will add significant value to the Company and its shareholders in the long term.

Forward-Looking Statements

This document may include forward-looking statements. Forward-looking statements include, but are not necessarily limited to, statements concerning Triton Minerals Limited's planned exploration program and other statements that are not historic facts. When used in this document, the words such as 'could', 'plan', 'estimate' 'expect', 'intend', 'may', 'potential', 'should' and similar expressions are forward-looking statements. Although Triton Minerals Limited believes that its expectations reflected in these are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.