Finalisation Announcement - Delrand announces share consolidation Delrand Resources Limited (Incorporated in Canada) (Corporation number 627115-4) Share code: DRN ISIN Number: CA2472672062 (“Delrand” or the "Company") FINALISATION ANNOUNCEMENT - DELRAND ANNOUNCES SHARE CONSOLIDATION Delrand Resources Limited (“Delrand” or the “Company”) (TSX-V-DRN.H; JSE-DRN) announces that it is proceeding with the consolidation of the outstanding common shares of the Company on a two to one basis (the "Consolidation"). The Company’s shares will commence trading on the JSE Limited on a post-Consolidation basis on Monday, 29 February 2016. The trading symbol for the Company on the JSE Limited will remain DRN. Shareholders of the Company authorized the Consolidation at the shareholders’ meeting held on 18 December 2015. Registered shareholders will be sent a letter of transmittal by the Company’s transfer agent to be used by such shareholders in order to receive new share certificates representing their shareholdings post- Consolidation. The Company currently has outstanding 30,781,581 common shares, such that upon effecting the Consolidation the Company will have outstanding approximately 15,390,790 common shares, subject to the rounding up of fractional shares. The Company’s currently outstanding warrants will be adjusted on the same basis. Salient dates for the Consolidation for shareholders recorded on the South African register are as follows: 2016 Last day to trade pre-Consolidation shares on the JSE: Friday, 26 February Trading consolidated shares on the JSE under the new ISIN code CA2472673052 commences on: Monday, 29 February Record date for determining those shareholders whose shares will be subject to the Consolidation: Friday, 4 March Dematerialised shareholders will have their accounts at their CSDP or broker updated on: Monday, 7 March Date of issue of new replacement share certificates provided that old share certificates have been lodged by 12:00 on Friday, 4 March 2016, on or about (share certificates received after this date will be posted within 5 business days of receipt): Monday, 7 March Share certificates in the pre-consolidated shares may not be dematerialised or rematerialised after Friday, 26 February 2016. For further information, please contact: Arnold T. Kondrat, CEO, (416) 366-2221 or 1-800-714-7938. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Johannesburg 19 February 2016 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 19/02/2016 10:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.