Attn. Company Announcements Office

Australian Securities Exchange

18 July 2016

Investment Secured for PNG Operations

Rawson Resources Limited (Rawson; ASX:RAW), via its majority owned subsidiary Dondonald Limited (Dondonald), has secured a capital investment of approximately A$750,000 from a group of resident PNG Investors.

This transaction sees these Investors subscribe for a 33% stake in Dondonald in exchange for cash invested of K1,744,186 ($750,000).

Rawson and the group of Investors have also entered into a Put and Call Option, whereby Rawson (at any time over the next 3 years) can Call for purchase of the Investors shares in Dondonald with payment by way of a share placement of up to 15% of the current issued capital of Rawson Resources Limited (capped at 15,832,072 shares). This placement will be subject to Shareholder Approval and Listing Rule 7.1 as required. The Investors can also Put the Option to Rawson, should Rawson undergo a liquidity, merger or takeover transaction.

Upon completion of the capital investment the Ownership interests of Dondonald will be: Rawson Resources - 60%, PNG Investors - 33% and Moira shareholders - 7%.

The injection of capital provides the funds required to progress early stage exploration efforts across our Papua New Guinea exploration portfolio, which includes PPL 549, PPL 391 and APPL's 550 and 560 (Figure 1).

Rawson is an ASX-listed company focused on building a high impact oil and gas portfolio in Papua New Guinea (Figure 2) while continuing to commercialise its existing assets in the Cooper and Otway basins in Australia.

Allister Richardson

Chairman

Rawson Resources Limited

Figure 1. Rawson Resources Limited exploration portfolio in Papua New Guinea