Kasbah Resources Limited ('Kasbah' or the 'Company') advises that the following unlisted employee options have lapsed in accordance with the terms of the Employee Share Option Plan.

ASX Code: KASAU

Number of Options: 300,000

Exercise Price: $0.33

Expiry date: 4 May 2020

The capital structure of the Company following the movement in options is: Quoted Securities: 135,379,952 ordinary fully paid shares (ASX: KAS)

Unquoted Securities: 17,841,150 Performance Rights (ASX: KASAV), 4,279,466 Share Rights (ASX: KASAW)

Contact:

Pradeep Subramaniam

Tel: +61 3 9482 2223

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