WPG Resources : 2017-08-16 Appendix 3B withdrawal of Entitlement Issue

ABN 51 109 426 502

PO Box N239, Grosvenor Place NSW 1220, Australia Level 9, Kyle House, 27-31 Macquarie Place, Sydney, NSW Australia

Telephone (+612) 9251 1044

Facsimile (+612) 9247 3434 Email info@wpgresources.com.au Web www.wpgresources.com.au

16 August 2017

Company Announcements Office ASX Limited

Exchange Centre

Level 6, 20 Bridge Street

SYDNEY NSW 2000

Further to the ASX announcement dated 15 August 2017 advising the withdrawal of the Entitlement Issue, WPG Resources Ltd (ASX:WPG) advises that no securities have been issued prior to this date on the basis of the Prospectus dated 19 June 2017, the first Supplementary Prospectus dated 25 July 2017 or the Second Supplementary Prospectus lodged on 15 August 2017.

The Entitlement Issue, which would have resulted in the issue of up to 113,244,750 fully paid ordinary shares and 56,622,375 unlisted options (exercise price $0.08, expiry 30 June 2019), has been withdrawn and the Company will not issue any securities on the basis of the Prospectus.

Attached is an amended Appendix 3B with respect to the withdrawn Entitlement Issue.

Yours sincerely

WPG Resources Ltd

Larissa Brown

Company Secretary

Appendix 3B

New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

WPG Resources Ltd

ABN

51 109 426 502

We (the entity) give ASX the following information.

You must complete the relevant sections (attach sheets if there is not enough space).

Fully paid ordinary shares and unlisted options

1 +Class of +securities issued or to be issued

Not applicable - up to 113,244,750 fully paid ordinary shares and 56,622,375 unlisted options (exercise price

$0.08, expiry 30 June 2019) as detailed in the Prospectus lodged with ASX on 19 June 2017 will not be issued.

1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

   The Entitlement Issue has been withdrawn and no securities will be issued on the basis of the Prospectus.

2. Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

   Not applicable

3. Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

   If the additional +securities do not rank equally, please state:

   • the date from which they do

   • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

   • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

     Appendix 3B New issue announcement

     Not applicable

4. Issue price or consideration

   The Entitlement Issue has been withdrawn and no securities will be issued on the basis of the Prospectus.

5. Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Yes

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

30 November 2016

6b The date the security holder resolution under rule 7.1A was passed

Not applicable

6c Number of +securities issued without security holder approval under rule 7.1

Not applicable

6d Number of +securities issued with security holder approval under rule 7.1A

Not applicable

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

The Entitlement Issue has been withdrawn and no securities will be issued on the basis of the Prospectus.

6f Number of +securities issued under an exception in rule 7.2

Appendix 3B

New issue announcement

Not applicable

6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.

Not applicable

6h If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

See attached Annexure 1

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

The Entitlement Issue has been withdrawn and no securities will be issued on the basis of the Prospectus.

7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

8 Number and +class of all +securities quoted on ASX (including the

+securities in section 2 if applicable)