West African Resources : Change in substantial holding

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Ono Adelaide Street Easl

29th Floor

Toronto, Ontario, Canada

M5C 2V9 '

ASSET

MANAGEMENT LP. ..

To: Company Announcements Office From: Marlowe Hanlen Company: Australian Stock Exchange

Fax: 612-917-ll!l!l!I or 612-9347-01105

Phone: Date: August 3, 2017

Re: Form 604 - West African Resources Limited

Attached is a Fonn 604 for West Afiican Resources Limiled io be lodged with the ASX today 011

behalf of I &32 Asset Management LP., manager of the Dynamic/Scotia Funds.

a e (Ms.), Compliance Officer

1832 Asset Management L.P. (manager of the Dynamic/Scotia Funds)

Toi.: 416-365-2584 (direct)

!ntemet Fax: [phone] (compliance)

Email: Marlowe.Hanlen@ t832.ca

:mh

Attachmen!

604 page 1 ol 2 February 15, 2007

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

IQ.Company Name/Scheme WEST AFRICAN RESOURCES LIMITED

ACNIARSN .70 121..539 375

1.Details of substantial holder (1)

Name Bank of Nova Scotia and each of i ts associates/affiliates listed i n Annex A

ACN ARSN (If applicable) NIA

There was a change in the interests of the substantial holder on The previous notice was given to the company on

The previous notice was dated

June I 23 / 2017

August 111 / 2016

Augusl/ 11 12016

1. Previous and present voting power

   The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

   Class of securities (4)	Previous notice	Present notice
   	Person's votes I Voting power (5)	Person's votes I Voting power (5)
   Ordinarv Fullv Paid	41,500,000 I 10.15% undiluted	45,500,000 I 8.45% undiluted

2. Changes in relevant Interests

   Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voling securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

   Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
   Jun 23/17	1832 Asset Management LP., manager of the Dvnamic/Scotia Funds	In-market acquisitions	Average share price was AUD $0.3208	4,000,000 Ordinary fully caid	4,000,000

3. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
1832 Asset Management L.P. ("1B32AMLP')	1832AMLP. in its capacity as trustee ancl manager of various mutual funds has the power to control the voling and/or disposal of the securities and holds the securities for investment purposes	Unknown	Ordinary fully paid 45,500,000	45,500,000

form 604-Wesl African Resources ·Aug17.doc

5. Changes In association

604 pago Z'2

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and AGNIARSN (if applicable)	Nature al association
1832 Asset Manaoement LP.	Bodv corporate controlled bv Bank ol Nova Scotia

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Bank ol Nova Scotia	40 Kin Street West, Toronto, Ontario, Canada MSH 3Y2
1832 Asset Management LP.	29th Floor, 1 Adelaide Street East, Toronto, Ontario MSC 2V9

Signature

print name Jell Cairns Capacity: Director & Head, Compliance and Investment Counsel ol 1832 Asset Management LP. (a fully-owned affiliate of the Bank of Nova Scotia)

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