Beadell Resources : Suspension from Official Quotation

Market Announcement

18 February 2019

Beadell Resources Limited (ASX: BDR) - Suspension from Official Quotation

Description

The securities of Beadell Resources Limited ('BDR') will be suspended from quotation at the close of trading today, Monday, 18 February 2019, in accordance with Listing Rule 17.2, following lodgement of the Supreme Court of Western Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement by which Great Panther Silver Limited will acquire all of the issued shares in BDR.

Issued by

Sandra Wutete

Senior Adviser, Listings Compliance (Perth)

18 February 2019

Market Announcement 1/1

ASX Limited

ASX Customer Service Centre 131 279 | asx.com.au

18 FEBRUARY 2019

Sandra Wutete

Senior Adviser, Listings Compliance (Perth)

ASX Compliance Pty Limited

Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

By email to:[e-mail] [e-mail]

Dear Sandra

Beadell Resources Limited (ASX:BDR)

Request for suspension of securities from official quotation

Pursuant to ASX Listing Rule 17.2, Beadell Resources Limited (ASX:BDR) (Beadell) requests the suspension from official quotation of Beadell shares, effective from the close of trading today, 18 February 2019, following lodgement with the Australian Securities and Investments Commission (ASIC) of the orders of the Supreme Court of Western Australia (Orders) approving the scheme of arrangement by which Great Panther Silver Limited will acquire all of the shares in Beadell (Scheme).

In accordance with ASX Listing Rule 17.2, Beadell provides the following information:

1.

Beadell requests the suspension from official quotation of its shares following lodgement with ASIC of the Orders approving the Scheme, to facilitate implementation of the Scheme.

2. Beadell requests the suspension from official quotation of its shares until Beadell requests to be removed from the official list of the ASX. Please do not remove Beadell from the official list prior to receipt of the request to do so from Beadell.

• 3. The request for removal from the official list is expected to be made following implementation of

• the Scheme, which is expected to occur on 5 March 2019.

• 4. Beadell is not aware of any reason why its shares should not be suspended from official quotation.

• 5. Beadell is not aware of any other information necessary to inform the market about the suspension.

Please contact me if you have any queries on [phone].

Yours sincerely

GREG BARRETT

Company Secretary and Chief Financial Officer Beadell Resources Limited