Zamia Metals : ASX Suspension and De-Listing

29 August 2018

ASX Limited

Centralised Company Announcements Office

Exchange Centre

20 Bridge Street

Sydney NSW 2000

Suspension and De-Listing

The Company has been suspended since the announcement on 11 October 2016 of the proposed acquisition of Kirkham International Pte Ltd which is carrying on a coal business in Indonesia. Despite the best efforts of all concerned shareholders will be aware that on 30 November 2017 the Company announced the decision by the ASX to exercise discretions under ASX Listing Rules 1.19 and 2.9 to not grant admission and quotation. As a consequence of this, the Company was unable to satisfy the conditions precedent as described in the SSPA including the Sunset date, resulting in the SSPA being terminated.

The suspension of the Company by the ASX and the conditions of the share purchase agreement constrained the Board from being able to seek additional capital and progress exploration and development of the Company's Exploration Permits for Minerals during that time. The result of this is that for the Company to be able to resume trading the ASX requires that the Company satisfy the listing rules as if the Company was to be admitted for the first time. Thus, the Board concluded that there was no value in paying the listing fees and will instead focus on preserving and improving the value inherent in the Company's exploration permits.

The Board will continue to ensure that the Company satisfies the requirements for Public Companies under the relevant provisions of the Corporations Act (2001) Cwlth. Further the Board will keep shareholders informed of developments via the Company's website.

For correspondence and enquiries please address these to Company or [e-mail].

John Stone

Company Secretary

_________________________________________________________________________________________________ Zamia Metals Limited

ABN 73 120 348 683

G5, 283 Alfred Street, North Sydney NSW 2060 t. [phone] f. [phone] w.www.zamia.com.au e. [e-mail]