Notice of shortfall Tawana Resources NL (Incorporated in Australia) (Registration number ACN 085 166 721) Share code on the JSE Limited: TAW JSE ISIN: AU0000TAWDA9 Share code on the Australian Securities Exchange Limited: TAW ASX ISIN: AU000000TAW7 (“the Company” or “Tawana”) Notice of Shortfall Tawana Resources NL received acceptances for a total of 34,406,658 new fully paid ordinary shares in the capital of the Company (Shares) from eligible shareholders under its one for one non- renounceable pro-rata rights offer to raise up to approximately $1,106,441 (before costs) at an offer price of $0.015 per Share under the Offer Document dated 4 May 2016. The Company received ASX acceptances of 32,471,588 Shares and JSE acceptances of 1,935,070 Shares. The issue of the ASX shares is scheduled to occur on 3 June 2016 and the JSE Shares is scheduled to occur on 7 June 2016. As detailed in the Offer Document, the Directors reserve the right to issue the 39,356,093 Shortfall Shares at their absolute discretion to raise a further $590,340. The Shortfall Shares, if issued, will be issued on the same terms as Shares offered under the Offer Document and such remaining offer of the Shortfall Shares will remain open until 27 August 2016. For further information, contact: Michael Naylor Executive Director Ph: +61 8 9489 2600 01 June 2016 Sponsor PricewaterhouseCoopers Corporate Finance Proprietary Limited Date: 01/06/2016 11:04:00 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.