Tawana Resources N L : Scheme of Arrangement Becomes Effective

ASX RELEASE

4 December 2018

ASX:TAW

CORPORATE DIRECTORY

Non-Executive Chairman Robert Benussi

Managing Director Mark Calderwood

Non-Executive Directors Robert Vassie

Mark Turner Wei (Vicki) Xie

Chief Financial Officer Craig Hasson

Joint Company Secretaries Alexei Fedotov

Joanna Kiernan

Media contact: Nathan Ryan NWR Communications [phone]

CONTACT DETAILS

Level 3

20 Parkland Rd Osborne Park WA 6017

Email |[e-mail] |www.tawana.com.auPhone | [phone]

Tawana and Alliance Mineral Assets Limited Scheme of Arrangement becomes Effective

Further to Tawana Resources NL (ASX: TAW) (Tawana or the Company) announcement yesterday regarding approval by the Federal Court of Australia (Court) of the scheme of arrangement (Scheme) between Tawana and its shareholders under which Alliance Mineral Assets Limited (Alliance) will acquire 100% of the ordinary shares in Tawana, Tawana is pleased to advise that a copy of the orders of the Court has been lodged with the Australian Securities and Investments Commission.

As a result, the Scheme is now effective.

A copy of the Court orders is attached to this announcement.

Tawana will apply for its shares to be suspended from trading on the ASX and JSE from the close of trading today, Tuesday, 4 December 2018.

It is expected that Alliance will commence trading on the ASX from 10am (AWST) on Wednesday, 5 December 2018 under the ASX code A40 on a deferred settlement basis.

The record date for determining the entitlements of Tawana shareholders to the scheme consideration is Friday, 7 December 2018.

Scheme consideration will be issued on Friday, 14 December 2018 with Alliance shares expected to commence trading on ASX on a normal settlement basis on Monday, 17 December 2018. Under the Scheme, eligible Tawana shareholders will receive 1.10 Alliance Shares per Tawana Share held on the Record Date.

For further information please contact the Investor Hotline Monday to Friday between 9:00am and 5:00pm (AWST):

1300 223 071 [phone]

Federal Court of Australia

District Registry: Western Australia Division: General

No: WAD349/2018

TAWANA RESOURCES NL ACN 085 166 721 and another/others named in the schedule Plaintiff

ORDER
JUDGE:	JUSTICE BANKS-SMITH
DATE OF ORDER:	03 December 2018
WHERE MADE:	Perth

THE COURT ORDERS THAT:

1. Pursuant to section 411(4)(b) of the Corporations Act 2001 (Cth) (Act), the scheme of arrangement between the plaintiff, Tawana Resources NL, and the holders of fully paid ordinary shares in the plaintiff, in the form contained in Annexure D to the Scheme Booklet (Annexure HLF-20 to the affidavit of Heath Ford Lewis filed 17 August 2018) be approved (Scheme of Arrangement).

• 2. Pursuant to section 411(12) of the Act, the plaintiff be exempted from compliance with section 411(11) of the Act, in relation to the Scheme of Arrangement.

• 3. Pursuant to section 1322(4)(d) of the Act, the time for compliance with order 2 of the

• orders of the court made on 8 November 2018 is extended to 16 November 2018.

• 4. These orders be entered forthwith.

Date that entry is stamped: 3 December 2018

- 2 -

Schedule

No: WAD349/2018

Federal Court of Australia

District Registry: Western Australia

Division: General

Interested Party

ALLIANCE MINERAL ASSETS LIMITED