NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Monday, 22 June 2015

DESPATCH OF NEW HOLDING STATEMENTS POST RIGHTS ISSUE

Hillgrove Resources Limited (ABN 73 004 297 116) (ASX: HGO) (Hillgrove) confirms that despatch to Shareholders of updated holding statements for those who participated in its fully underwritten three (3) for eleven (11) non-renounceable entitlement offer will be completed today.

Further information

If you have questions regarding your holding statement, please call Hillgrove's share registry, Boardroom Pty Limited, on 1300 737 760 (within Australia) or +61 2 9290 9600 (outside Australia) from

8.15am to 5.00pm (Sydney time), Monday to Friday. If you have any further questions, you should contact your stockbroker, accountant or other professional adviser.

For further information, please contact:

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES - IMPORTANT INFORMATION

This announcement is issued by Hillgrove Resources Limited (ABN 73 004 297 116). This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to any person acting for the account or benefit of any person in the United States, or in any other jurisdiction in which such an offer would be illegal. No action has been or will be taken to register, qualify or otherwise permit a public offering of the New Shares in any jurisdiction outside Australia or New Zealand. In particular, neither the Entitlements nor the New Shares have been, or will be, registered under the U.S. Securities Act of
1933, as amended (the Securities Act), or the securities laws of any state or other jurisdiction of the United
States. Accordingly, the Entitlements may not be exercised or taken up by, and the New Shares may not be offered, sold or resold to, persons in the United States or persons who are acting for the account or benefit of persons in the United States unless they are offered and sold in a transaction exempt from, or not subject to,
the registration requirements of the Securities Act and applicable U.S. state securities laws.

HILLGROVE RESOURCES LIMITED ACN 004 297 116 www.hillgroveresources.com

Suite 1709, Level 17 Australia Square Tower, 264 George Street, Sydney NSW 2000, Australia T +61 2 8247 9300 F +61 2 8247 9399