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ASX ANNOUNCEMENT 4 July 2016 Aurora Tank Gold Project Marmota Acquires Full 100% Ownership Marmota Energy Limited (ASX: MEU) (“Marmota”) KEY POINTS • Marmota has entered into an agreement with its JV partner, Apollo Minerals. • Under the agreement, Marmota will assume full control of Aurora Tank, and increases its stake to full 100% ownership of Aurora Tank (EL 5589). • Wide-spaced drilling of the Aurora Tank NW Gold target in 2015 showed significant gold mineralization near surface. Background • The Aurora Tank tenement (EL 5589) is situated approximately 50km NE of the Challenger gold mine. • Gold was first identified at Mars Aurora Tank prospect by calcrete sampling; a discrete gold-in-calcrete anomaly extends over 2km strike length, overlying a magnetic anomaly. • Apollo Minerals Limited (ASX: AON) conducted drilling on the Aurora Tank tenement in 2014 and 2015 as part of a farm-in agreement with Marmota. • Apollo reported [ see AON ASX Releases: 21 October 2014 and 9 June 2015 ]: o Significant near surface gold mineralisation intersected in recently completed 35 hole drill programme at Mars Aurora Tank Project ( Fig. 1) o Mineralised zone is interpreted to extend for at least 500m along strike and is open in all directions o Early stage drilled intersections include: ! 4m at 5 g/t gold from 16m ! 16m at 1 g/t gold from 20m, including 12m at 1.3 g/t Au from 20m ! 16m at 0.7g/t gold from 19m, including 4m at 0.9 g/t Au from 31m For personal use only

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ASXANNOUNCEMENT 4July2016

AuroraTankGoldProjectMarmotaAcquiresFull100%Ownership

MarmotaEnergyLimited(ASX:MEU)(“Marmota”)

KEYPOINTS• MarmotahasenteredintoanagreementwithitsJVpartner,ApolloMinerals.

• Undertheagreement,MarmotawillassumefullcontrolofAuroraTank,andincreasesitsstaketofull100%ownershipofAuroraTank(EL5589).

• Wide-spaceddrillingoftheAuroraTankNWGoldtargetin2015showedsignificantgoldmineralizationnearsurface.

Background• TheAuroraTanktenement(EL5589)issituatedapproximately50kmNEofthe

Challengergoldmine.

• GoldwasfirstidentifiedatMarsAuroraTankprospectbycalcretesampling;adiscretegold-in-calcreteanomalyextendsover2kmstrikelength,overlyingamagneticanomaly.

• ApolloMineralsLimited(ASX:AON)conducteddrillingontheAuroraTanktenementin2014and2015aspartofafarm-inagreementwithMarmota.

• Apolloreported[seeAONASXReleases:21October2014and9June2015]:o Significantnearsurfacegoldmineralisationintersectedinrecently

completed35holedrillprogrammeatMarsAuroraTankProject(Fig.1)o Mineralisedzoneisinterpretedtoextendforatleast500malongstrikeand

isopeninalldirectionso Earlystagedrilledintersectionsinclude:

! 4mat5g/tgoldfrom16m! 16mat1g/tgoldfrom20m,including12mat1.3g/tAufrom20m! 16mat0.7g/tgoldfrom19m,including4mat0.9g/tAufrom31m

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Page 2: Aurora Tank Gold Project · Aurora Tank Gold Project Marmota Acquires Full 100% Ownership Marmota Energy Limited (ASX: MEU) (“Marmota”) KEY POINTS • Marmota has entered into

Figure1:AuroraTankdrillholelocationplanandgolddistribution[seeAONASXRelease:9June2015]

AgreementThenewagreementbetweenMarmotaandApollofinalisesallmattersunderthefarminagreement.1ApollowilltransfertoMarmotaitsinterestintheAuroraTanktenementandMarmotawillpayApollo$50,000.

1DetailsofthefarminagreementaresetoutinASX:MEUrelease–15February2013.

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Page 3: Aurora Tank Gold Project · Aurora Tank Gold Project Marmota Acquires Full 100% Ownership Marmota Energy Limited (ASX: MEU) (“Marmota”) KEY POINTS • Marmota has entered into

Figure2:Marmota’sGawlerCratontenementsaroundtheChallengerGoldmine •AuroraTank(EL5589)isencircledinGREEN •Tenementsagreed(inApril)tobeacquiredfromaprivatepartyareoutlinedinREDForfurtherinformation,pleasecontact:

AboutMarmotaEnergyLimitedMarmota Energy Limited (ASX: MEU) is a South Australian mining exploration company,focused on gold, copper and uranium. Gold exploration is centred on the Company’sdominanttenementholdinginthehighlyprospectiveandsignificantlyunderexploredGawlerCraton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. TheCompany’s cornerstone copper project is based at the Melton project on the YorkePeninsula. The Company’s largest uranium project is at Junction Dam adjacent to theHoneymoonmine.

MarmotaEnergyLimitedDavidWilliamsManagingDirectorEmail:[email protected]

Unit679–81BrightonRoadGlenelgSA5045ABN:38119270816T: (08)82940899F: (08)83768633www.marmotaenergy.com.au

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