Funding Update

Herencia Resources plc

("the Company")

Funding Update

Further to the announcement released on 5 April 2016, the Company confirms that it is close to finalising the drawdown of Part 1 of Tranche 1 (US$100,000) of the loan of up to US$500,000 being advanced by two of its shareholders, the Australian Special Opportunity Fund and Oriental Darius Co. Ltd.

The directors are confident this money will arrive in the next few days but there can be no guarantee that any funds will be drawn down. At this stage, the working capital restrictions of the Company remain as set out in the announcement of 5 April 2016.

For further information please contact:

Graeme Sloan, Herencia Resources plc +61 8 9481 4204 

Katy Mitchell/Nick Prowting WH Ireland Limited (NOMAD) +44 161 832 2174

Jon Belliss, Beaufort Securities Limited (UK) +44 207 382 8300

References in this announcement to exploration results and potential have been approved for release by Mr Graeme Sloan (BAppSc Mining Engineering WASM) who has more than 20 years relevant experience in the field of activity concerned. Mr Sloan is a Member of the Australasian Institute of Mining and Metallurgy. Mr Sloan has consented to the inclusion of the material in the form and context in which it appears.

Further background details on the Company can be found at www.herenciaresources.com

**ENDS**