www.havilah-resources.com.au HAVILAH RESOURCES LIMITED ABN 39 077 435 520

MAIL: 31 Flemington Street, Glenside, SA 5065 Australia EMAIL: info@havilah-resources.com.au

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Havilah Resources Limited plans to sequentially develop its portfolio of gold, copper, iron, cobalt, tin and other mineral resources in South

Australia. Our vision is to become a new mining force, delivering value to our shareholders, partners and the community.

171 million Ordinary Shares -- 33 million Listed Options -- 8 million Unlisted Options

ASX and Media Release: 5 October 2016 ASX Code: HAV

PORTIA GOLD PRODUCTION REACHES 10,000 OZ MILESTONE HIGHLIGHTS

Achieved milestone of first 10,000 ozs gold produced from Portia.

New daily production record of approximately 34 kg gold concentrate.

New single gold pour record of approximately 49 kg of unrefined gold bullion.

Abnormal rain temporarily halts mining, but processing production is maintained from ore stock piles.

Drilling to resume for resource extensions at Portia.

Preparations for commencement of exploration on high potential targets near Portia.

Havilah Resources Limited (“Havilah” or “Company”) is pleased to report that total gold production at its Portia gold mine has recently exceeded 10,000 ounces (5,000 ounces attributable to Havilah). This means that Havilah is on track to deliver approximately half of its 10,000 ounce hedge book at an average price of $1,618 per ounce. Record daily production was achieved on 29 September, with approximately 34 kg of gold concentrate produced in a single day. This allowed for a record single gold pour of approximately 49 kg of unrefined gold bullion. These milestones were achieved despite abnormally persistent rain storms that have occurred almost every week for the past three months. Each time it rains open pit operations must be suspended for a short period for safety reasons due to hazardous driving conditions created by the slippery clay. Three heavy rain events over the past

Recent view of Portia open pit with eastern wall re-profiling in progress

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three weeks finally cut road access to diesel fuel tankers, causing mining operations to be temporarily suspended. In spite of this our mining partner, Consolidated Mining and Civil Pty Ltd (“CMC”), has managed to maintain mining rates at a high level, and have delivered significant stockpiles of ore to the processing plant, which has allowed gold production to continue throughout this period. Subject to favourable weather conditions, mining is expected to resume this week. Havilah’s resource expansion drilling program at Portia has also been delayed by the wet weather. This drilling is expected to resume shortly with drilling to test for gold resources in the floor of the open pit and immediately along strike. Conventional assay results from previous drilling are encouraging, particularly from the base of Tertiary layer, but are yet to be confirmed by Havilah’s more reliable washing method of the remaining drill samples. As mentioned in the quarterly report, Havilah was the recipient of a $200,000 PACE (Program for Accelerated Exploration) grant, and preparations are underway for commencement of this exciting drilling program. Several high potential gold targets in the vicinity of Portia will be drilled, including the Lorenzo and Shylock prospects, as described in a recent presentation at the RIU Resource Investor Roadshow available on the following link: http://www.havilah-resources.com.au/pdf/RIU_Resources_Investor_Roadshow_Presentation_27Sep2016.pdf. Havilah Managing Director, Dr Chris Giles, commented: “Portia has thrown many challenges at us, and the most difficult and frustrating one has been the weather, over which we have no control. “It is a huge tribute to CMC and our supporting mine planning and processing team that we have kept the processing plant operating throughout this period of extended heavy rains, and have achieved two great milestones in terms of production. “I am very excited by our upcoming drilling. The Lorenzo prospect lying immediately south of Portia has multiple ore grade gold intersections over five kilometres of strike in earlier Pasminco vertical air core drillholes that were conventionally sampled. We are following up with tight targeting of the prospective mineralised corridor we see in the open pit with angled reverse circulation percussion drillholes using more reliable sampling methods that we have proven at Portia” he said. About the Portia gold deposit: Portia has a JORC Inferred Resource of 720,000 tonnes @ 2.9 g/t for 67,000 ounces of contained gravity recoverable gold (refer to ASX announcement dated 26 June 2009 - note that all the assumptions underpinning the information continue to apply and have not materially changed). The gold occurs as free grains, mostly within a 2-3 metre thick distinctive light grey silty horizon that lies beneath approximately 75 metres of free-digging Tertiary clay and sand overburden. The current mining plan is based on an optimised open pit design that aims to recover at least 80% of this resource. Considerable upside potential exists in the immediately underlying ancient Broken Hill age bedrock that is known to host a major gold mineralised replacement/vein system, and which is considered to be the source of the gold resource currently being mined. Recovery of the gold is by low cost gravity methods that does not require the use of chemicals.

Cautionary Statement This announcement contains certain statements which may constitute “forward-looking statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, performance or achievements to differ materially from those expressed, implied or projected in any forward looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Competent Persons Statement The information in this announcement that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on data and information compiled by geologist, Dr Chris Giles, a Competent Person who is a member of The Australian Institute of Geoscientists. Dr. Giles is Managing Director of the Company and is employed by the Company on a consulting contract. Dr. Giles has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr. Giles consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

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For further information visit www.havilah-resources.com.au

Contact: Dr Chris Giles, Managing Director, on (08) 8338-9292 or email: info@havilah-resources.com.au

An historic Pasminco map (circa 1999) showing aircore drilling results for gold at the Lorenzo prospect that lies immediately south of the Portia gold mine (better results highlighted in red). The interpreted mineralised contact zone (in between the two black lines) has not been specifically targeted by the earlier vertical grid drilling, and will be the focus of Havilah’s angled percussion drilling program. The conventional assaying results shown here possibly undercall gold grades by analogy with Portia due to the known coarse gold “nugget” effect.

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