Novarise Renewable Resources Intl : Error in Announcement

NOVARISE RENEWABLE RESOURCES INTERNATI ONAL LTD Australian Securities Exchange Announcement The Manager Companies Announcements Officer Australian Securities Exchange Limited PO Box H224 Australia Square Sydney NSW 1215 Friday 10 February 2017

We regret to advise we have noted a n error in the document we announced yesterday as it carries a wrong date in the sixth paragraph of "Update of Funding for GRII" section; suggesting "The Company has resolved and communicated to Mr Qingyue Su and GRII that it must provide to the Company the Loan Letter within 2 weeks from the 10 February, 2016 in relation to the SCR and the Company so as to enable the Company to determine the viability of the Loan to complete the SCR and consider its legal position to complete the SCR, in the interest of all shareholders.". Instead it should have been "The Company has resolved and communicated to Mr Qingyue Su and GRII that it must provide to the Company the Loan Letter within 2 weeks from the 10 February, 2017 in relation to the SCR and the Compa ny so as to enable the Company to determine the viability of the Loan to complete the SCR and consider its legal position to complete the SCR, in the interest of all shareholders.".

We apologise for any confusion which may have been caused due to this error.

Dated: 1 0 February 2017

Signed:

7

Name: Winnie Chen

Company Secreta ry

For and on behalf of Novarise

NOVARISE RENEWABLE RESOURCES INTERNATIONAL LTD ACN 138 537 596

Australian Office: Suite 5, Level 1, 325 Pitt Street , Sydney , NSW 2000

Chinese Office: No 2-16A Qingmeng Park, Quanzhou Economy & Technology Development Zone, Quanzhou, Fujian Province,

The People's Republic of China www .novarise.com.au