Black Range Minerals : Results of Scheme Meeting

Microsoft Word - Result of Scheme Meeting 25 Aug 2015.doc

ACN 009 079 047

Suite 9, 5 Centro Avenue

Subiaco WA 6008

Phone: [phone]

Fax: [phone]

Email: [e-mail]

25 August 2015
The Company Announcements Office
Australian Securities Exchange

via electronic lodgement

RESULTS OF SCHEME MEETING

Black Range Minerals Limited ("Black Range") is pleased to announce that Black Range shareholders today voted in favour of the scheme of arrangement ("Scheme") which, subject to the approval of Federal Court of Australia ("Court"), will facilitate the acquisition of all of the ordinary shares on issue in Black Range by Western Uranium Corporation ("Western"). The meeting results are consistent with the unanimous recommendation of the Black Range directors.

Results of Scheme Meeting

The resolution to approve the Scheme was passed at today's Scheme meeting by the following majorities, which exceed the requisite majorities required for the purposes of the Corporations Act
2001 (Cth):

 98.41% of votes cast in favour of the Scheme resolution; and

 92.66% of the number of shareholders present and voting (either in person or by proxy) in favour of the Scheme resolution.

The votes cast on the Scheme resolution, which was put to a poll at the Scheme meeting, were as follows:

Number of votes	% of votes	Number of shareholders	% of shareholders
Votes "FOR" the Scheme Resolution	1,714,247,963	98.41%	328	92.66%
Votes "AGAINST" the Scheme Resolution	27,685,832	1.59%	26	7.34%
Total	1,741,933,795	100.00%	354	100.00%

In addition, 8,738,044 "Abstain" votes were recorded from 5 shareholders.
359 valid proxies were received for the Scheme meeting, representing 1,750,671,839 shares. In accordance with section 251AA(2) of the Corporations Act, Black Range advises that proxy votes were received as follows:

For	Against	Proxy Holder Discretion	Abstain
Scheme Resolution	1,676,196,696	27,685,832	38,051,267	8,738,044

Second Court Hearing

A second hearing before the Court to approve the Scheme is scheduled to be held at 10.15am WST on 4 September 2015. Black Range will make a further announcement following the second Court hearing.

Shareholder Queries

If shareholders have any questions about the Scheme or the Scheme Meeting, they should contact the Company on [phone] or consult your legal, investment, taxation or other professional adviser.

For further information please contact: Michael Haynes Ian Cunningham Managing Director Company Secretary Phone: [phone] Phone: [phone]

Email: [e-mail] Email: [e-mail]