Doriemus : Termination of EP487 Farmout Agreement

Doriemus Plc

ARBN: 619 213 437

ASX / Media Announcement

5 August 2019

Head Office:

Termination of EP487 Farmout Agreement

Suite 3b, 38 Jermyn Street Princes House

London, UK Sw1Y 6DN

Phone: [phone] Fax: [phone] Email:[e-mail]:www.doriemus.co.uk

Doriemus Plc (ASX: DOR)("Doriemus"or the"Company"), announces that it has received a notice of termination of the relevant EP 487 Farmout Agreement from Rey Resources Limited (ASX: REY).

Australian Contact Information: Julia Beckett

The EP487 Farmout Agreement was terminated by Rey Resources Limited as result of Doriemus not satisfying the relevant condition precedent to have sufficient funding in place by 31 July 2019 in order to undertake the drilling of an exploration well (Butler prospect) proposed as part of the relevant farm in obligations on EP487.

Joint Company Secretary

The termination ceases the right of Doriemus to earn an interest in EP487 and brings the EP487 Farmout Agreement to an end.

Address:

Suite 12, Level 1 11 Ventnor Avenue West Perth WA 6005 Australia

The termination of the EP487 Farmout Agreement does not affect the farmout arrangements for L15, also with Rey Resources Limited, which is pursuant to the separate L15 Farmout Agreement.

Postal Address: PO Box 1240

CONTACTS:

West Perth WA 6872

For further information on this update or the Company generally, please visit our website atwww.doriemus.co.ukor contact:

Tel: [phone]

Email:[e-mail]

Julia Beckett

Joint Company Secretary Tel: [phone]

Email:[e-mail]

Directors:

Non-Executive ChairmanKeith Coughlan

FORWARD LOOKING STATEMENTS AND IMPORTANT NOTICE:

Technical DirectorGreg Lee

Non-Executive DirectorDon Strang

Corporate Information: ASX Code: DOR

This announcement may contain forecasts, projections and forward-looking information. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions it can give no assurance that these will be achieved. Expectations, estimates and projections and information provided by the Company are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of the Company's control. In respect to its UK operations, Doriemus is reliant on the information provided by the operators of those assets and does not control the day to day operations of these projects and is not always able to independently verify the information provided by such operators. Actual results and developments may differ materially from those expressed or implied. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by many variables which could cause actual results or trends to differ materially. To the maximum extent permitted by applicable laws, the Company makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this announcement and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information contained or referred to in this announcement.

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Investors should make and rely upon their own enquiries before deciding to acquire or deal in the Company's securities.

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