Name of entity

Azumah Resources Limited

ABN

72 112 320 251

1

+Class of +securities issued or to be issued

1. Performance Rights

2. Performance Rights

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

i. 8,250,000

ii. (75,000)

3

Principal terms of the +securities (e.g. if options, exercise price and

expiry date; if partly paid

+securities, the amount outstanding and due dates for payment; if

+convertible securities, the

conversion price and dates for conversion)

1. Performance Rights

2. Performance Rights

4

Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted

+securities?

If the additional +securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

1. No

2. No

5

Issue price or consideration

1. Nil

2. N/A

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

1. As approved by shareholders at the annual general meeting held on 26 November 2015

2. Expiry of Performance Rights

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

Yes

6b

The date the security holder resolution under rule 7.1A was passed

26 November 2015

6c

Number of +securities issued without security holder approval under rule 7.1

Nil

6d

Number of +securities issued with security holder approval under rule 7.1A

Nil

6e

Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

Nil

6f

Number of +securities issued under an exception in rule 7.2

8,250,000

6g

If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values. Include the source of the VWAP calculation.

N/A

6h

If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

N/A

6i

Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

Rule 7.1: 20,036,854

Rule 7.1A: 39,734,714

7

+Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

1. 3 December 2015

2. 30 November 2015

Number

+Class

8

Number and +class of all

+securities quoted on ASX (including the +securities in section 2 if applicable)

436,912,360

Ordinary Shares

Number

+Class

7,450,000

9,750,000

2,000,000

Performance Rights (expiry 30 June 2016)

Performance Rights (expiry 30 December

2016)

Convertible Notes (1 February 2016 - $1.00)

34

Type of +securities (tick one)

(a)

+Securities described in Part 1

(b)

All other +securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Tick to indicate you are providing the information or documents

35

If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

36

If the +securities are +equity securities, a distribution schedule of the additional

+securities setting out the number of holders in the categories 1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

37

A copy of any trust deed for the additional +securities