ABN 52 007 626 575

ASX Announcement

Jervois Mining Limited (Company) - Non-renounceable Rights Issue

The Company (ASX:JRV) today launched a 1 for 2 non-renounceable pro rata rights issue to raise approximately $1.65 million (before transaction costs) (Rights Issue).
The net funding will be used to continue the Company's operations and development, including general exploration activities, research and development and general operating costs.

Overview

Under the Rights Issue, eligible shareholders with registered addresses in Australia and New Zealand will be entitled to apply for 1 new share for every 2 shares held at 7pm (AEST) on 12 August 2015 (Record Date). The issue price is $0.05 (5 cents) per new share.
This represents a:
• 9.1% discount to the closing price of JRV shares on 5th August 2015; and
• 13.8% discount to the 15 day volume weighted average price of JRV shares to and including
16th July 2015.
All new shares will rank equally with existing JRV shares from the date of issue.The Rights Issue also incorporates a shortfall facility under which shareholders who accept their entitlement under the
Rights Issue in full can apply for any amount of new shares offered to eligible shareholders under the Rights Issue which are not taken up by shareholders pursuant to applications received by the Company on or before 5pm AEST on 26 August 2015 (Shortfall Offer).
Any Shortfall Shares not subscribed for by eligible shareholders under the Shortfall Offer may be placed at the discretion of the Directors under section 708 of the Corporations Act.

Underwriting

The Rights Issue is not underwritten. Each of the Directors has agreed to take up at least part of their entitlement under the Rights Issue.

Indicative Timetable

Record date 7pm AEST on
12 August 2015

Dispatch of Offer Booklet to Shareholders completed 17 August2015

Rights issue closes 5pm AEST on
26 August 2015

New shares quoted on deferred settlement basis 27 August 2015

Shortfall shares notified to ASX 31 August 2015

Allotment of Rights Issue shares and Options 2 September 2015

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2.

Dispatch of holding statements 7 September 2015

Normal trading of Rights Issue shares expected to commence 7 September 2015

Note: dates and times are indicative only and subject to change. Subject to compliance with the ASX Listing Rules, the Company reserves the right to: (i) not proceed with the rights issue and return any applications moneys received without interest; or (ii) vary the dates and times above including closing the offer earlier or later.

Offer Documents

Further details about the Rights Issue, including how shareholders may apply for their entitlement, will be set out in the Offer Booklet to be sent to eligible shareholders on or about 17 August 2015. Details of the Rights Issue and the Shortfall Offer, together with other relevant information, are set out in the Offer Booklet.

Further Information

For further information please refer to the Offer Booklet (which will be available on the Company's website (www.jervoismining.com.au)) or contact the Company:
Suite 12
4 -10 Jamieson Street
CHELTENHAM VIC 3192
Telephone: (03) 9583 0498
Fax: (03) 9583 0698
Email: [email protected]
On behalf of the Board and management of the Company, thank you for your continued support.

Yours sincerely,

Roger Fairlam

Company Secretary

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