ASX Announcement ASX Code: MAR 30th November 2015

RESULTS OF ANNUAL GENERAL MEETING

Malachite Resources Limited (ASX: MAR) advises that the results of voting at the Annual General Meeting held today were as follows:

Resolution 2 to adopt the Remuneration Report was passed by a show of hands. Proxy details in respect of this resolution were as follows:

1. there were 222,885,821 proxy votes in favour of the resolution;

2. there were 5,765,744 proxy votes against the resolution;

3. there were 4,000,000 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution; and

4. there were 6,327,247 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 3 to re-elect Mr. Andrew McMillan as a Director was passed by a show of hands. Proxy details in respect of this resolution were as follows:

1. there were 221,271,598 proxy votes in favour of the resolution;

2. there were 72,796,729 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 4 to ratify past issue of 4 new Convertible Notes was passed by a show of hands. Proxy details in respect of this resolution were as follows:

1. there were 276,979,958 proxy votes in favour of the resolution;

2. there were 9,789,244 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Malachite Resources Limited ABN 86 075 613 268

Suite 2, Level 10, 8-10 Loftus Street, Sydney NSW 2000 P O Box R1295, Royal Exchange NSW 1225

Tel: (02) 9251 0032 Fax: (02) 9475 0439

www.malachite.com.au

Resolution 5 to approve the issue of 2.5 Convertible Note to an associate of Mr. Andrew McMillan

was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 284,427,603 proxy votes in favour of the resolution;

2. there were 5,851,744 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 6 to approve the issue of 3 Convertible Notes to an associate of Mr. Terry Cuthbertson

was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 279,916,132 proxy votes in favour of the resolution;

2. there were 5,851,744 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 7 to approve the issue of 0.5 Convertible Notes to an associate of Mr. James Dean was

passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 248,679,861 proxy votes in favour of the resolution;

2. there were 5,851,744 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 8 to ratify previous issue of shares - Convertible Note Rollover Fees was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 195,970,957 proxy votes in favour of the resolution;

2. there were 9,789,244 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 9 to approve the issue of 683,932 shares to Mr. Terry Cuthbertson - Convertible Note Rollover Fees was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 275,916,132 proxy votes in favour of the resolution;

2. there were 9,851,744 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 10 to approve the issue of 341,967 shares to Mr. Andrew McMillan - Convertible Note Rollover Fees was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 280,437,603 proxy votes in favour of the resolution;

2. there were 9,841,744 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 11 to approve the issue of 170,983 shares to Mr. James Dean - Convertible Note Rollover Fees was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 244,689,861 proxy votes in favour of the resolution;

2. there were 9,841,744 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 12 to approve the removal of PricewaterhouseCoopers as Auditor was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 293,842,327 proxy votes in favour of the resolution;

2. there were 226,000 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

Resolution 13 to approve the appointment of MNSA Pty Ltd as Auditor was passed as a special resolution of the Company by a show of hands.

Proxy details in respect of this resolution were as follows:

1. there were 293,904,827 proxy votes in favour of the resolution;

2. there were 163,500 proxy votes against the resolution;

3. there were 0 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

4. there were 3,835,763 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion.

For further information, please contact:

Malachite Resources Limited on (02) 9251 0032 or by email at [email protected] or visit the company's website at www.malachite.com.au