Result of EGM

5 April 2017 For immediate release

NYOTA MINERALS LIMITED

RESULTS OF 2017 EXTRAORDINARY GENERAL MEETING

In accordance with ASX Listing Rule 3.13.2, the following resolution was passed on a show of hands by shareholders at the adjourned Extraordinary General Meeting of Nyota Minerals Limited held on Tuesday 4 April 2017.

In accordance with section 251AA of the Corporations Act 2001 (Cth), the total number of valid proxy votes received in respect of each resolution that was put to the meeting are set out in the attached report.

This disposal constitutes a divestment pursuant to Rule 15 of the AIM Rules for Companies ("AIM Rules"). Accordingly, the Company is now classified as an AIM Rule 15 cash shell, pursuant to which it must make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 within six months, failing which the Exchange will suspend trading in the Company's shares pursuant to AIM Rule 40.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.

For more information please visit www.nyotaminerals.com or contact:

NYOTA MINERALS LIMITED

Results of Extraordinary General Meeting

(ASX Report)

Tuesday 4 April 2017

As required by section 251AA(2) of the Corporations Act 2001 (Cth) the following statistics are provided in respect of the resolution on the agenda.Note the resolution was decided by a show of hands.