Silver Lake Resources Limited : - Compulsory Acquisition of EganStreet Shares

As announced yesterday to the ASX, Silver Lake Resources Limited (Silver Lake) has a relevant interest in 90.99% of Egan Street Resources Limited (EganStreet) shares.

As a result of having a relevant interest in more than 90% of EganStreet shares, Silver Lake intends to compulsorily acquire any EganStreet shares that are not accepted into its takeover offer.

Attached to this announcement is a compulsory acquisition notice which has today been lodged with the Australian Securities and Investments Commission. Also attached is a copy of an accompanying letter that will be sent to EganStreet shareholders who have not accepted Silver Lake's offer as at today's date, together with the compulsory acquisition notice.

EganStreet shareholders who have not yet accepted Silver Lake's offer may still do so by 7.00pm (Sydney time) on 13 December 2019 (being the scheduled closing time for the offer).

Shareholders who accept the offer by this date will receive the consideration for their shares earlier, rather than waiting for their shares to be compulsorily acquired under the compulsory acquisition process.

Contact:

Luke Tonkin

Tel: [phone]

Email: [e-mail]

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