Section 708A Notice

30 January 2019

MOD Resources Limited

Cleansing Notice

MOD Resources Ltd (ASX/LSE: MOD) (Company) advises that it has allotted 33,333,333 fully paid ordinary shares (Placement Shares) to professional and sophisticated investors at an issue price of $0.30 per Share to raise approximately $10 million (before costs) (Placement). The Company announced the Placement on 21 January 2019.

The Company also wishes to advise that it has issued 423,069 fully paid ordinary shares to employees in accordance with the Company's Employee Incentive Plan (Plan)(STI Shares). The Plan was approved by shareholders at the meeting held 30 May 2018.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act), the Company gives notice that;

(i) the Placement Shares and STI Shares were issued without disclosure under Part 6D.2 of the Corporations Act;

(ii) this notice is being given under paragraph 5(e) of section 708A of the Corporations Act;

(iii) as at the date of this notice, the Company has complied with the provisions of the Chapter 2M of the Corporations Act (as they apply to the Company) and section 674 of the Corporations Act;

(iv) as at the date of this notice, there is no excluded information with respect to the Company for the purposes of sections 708A(7) and (8) of the Corporations Act.

-ENDS-

For and on behalf of the Board.