Lodgement and Announcement of Entitlement Issue

Wednesday, 18 November 2015

Notification letters sent to shareholders and option holders

Wednesday, 18 November 2015

Appendix 3B lodged with ASX

Thursday, 19 November 2015

Ex-Date

Tuesday, 24 November 2015

Record Date for determining Entitlements

Thursday, 26 November 2015

Prospectus dispatched to Shareholders

Monday, 30 November 2015

Closing Date*

Thursday, 17 December 2015

Shares quoted on a deferred settlement basis

Friday, 18 December 2015

Notify ASX and of under-subscriptions

Monday, 21 December 2015

Despatch date/Shares entered into Shareholders' security holdings

Wednesday, 23 December 2015

Date of despatch of holding statements

Wednesday, 23 December 2015

Name of entity

GBM Resources Limited

ABN

91 124 752 745

1

+Class of +securities issued or to be issued

Ordinary fully paid shares

2

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

Up to 92,982,354 (depending on acceptances)

3

Principal terms of the

+securities (eg, 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)

4

Do the +securities rank equally in all respects from the date of allotment 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

Yes

5

Issue price or consideration

1.5 cents per share

6

Purpose of the issue

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

Shares to be issued pursuant to a non- renounceable entitlement offer announced to ASX on 18 November 2015.

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

No

6b

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

N/a

6c

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

N/a

6d

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

N/a

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

Up to 92,982,354 (depending on acceptances)

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

N/a

7

Dates of entering +securities into uncertificated holdings or despatch of certificates

To be confirmed

Number

+Class

8

Number and +class of all

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

Up to 650,876,475

(depending on acceptances)

177,746,562

Ordinary shares (GBZ)

Options exercisable at 3.5 cents each and expiring 30 June 2016 (GBZO)