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10 April 2016 ASX ANNOUNCEMENT

ASX: ASN

Company Announcements Office

Australian Securities Exchange Limited

INITIAL DRILLING PROGRAM COMMENCES AT AJANA GRAPHITE PROJECT

Anson Resources Limited (ASX: ASN) (Anson or the Company) is pleased to announce the commencement of the initial drilling program at its Ajana Graphite Project. The program will consist of a combination of diamond and RC drilling at the Walcott Prospect, which has never previously been drilled for graphite. The drilling program will consist of 280m of diamond drilling (2 holes) and 1,900m of RC drilling (24 holes). The objective of the drilling program is to confirm:

• The grade, width and strike extent of the main anomaly; • A definitive resource target area; and • The large graphite flake size distributions, which have previously been obtained at other

areas of the Project. Figure 1 below shows a cross section of the target area at the Walcott Prospect.

Figure1:Crosssectionofinitialdrilltarget

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Bruce Richardson Managing Director

AbouttheAjanaGraphiteProject

Located inWestern Australia, a proven and establishedmining provincewith a stable political environment, theAjanagraphiteprojectisadjacenttotheNorthWestCoastHighwayand130kmnorthofGeraldton.

Theprospectivegroundonthe97km2oftenementE66/89containsextensiveareasofgraphiteschistmineralizationwithin a Proterozoic gneissic geology. The Ajana area is dominated by the Proterozoic gneiss with conformablelensesofmeta-sediment,peliticgneiss,meta-quartzite,maficgneissandgraphiticschistknownastheNorthamptonMetamorphicComplex.Thisgneissicgeologicalenvironment,typicallyhostshighgradegraphitedepositsinWesternAustraliaandgraphitedepositsworldwide,seeFigure2.

Figure2:PlanshowingthegeologyoftheAjanaProjectregion

The information in this announcement that relates to exploration results and geology is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the Australasian Institute of Mining and Metallurgy. Mr Knox is a geologist who has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity being undertaken to qualify as a “Competent Person”, as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion in this report of the matters based on information in the form and context in which they appear.

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