Appendix 3B Rule 2.7, 3.10.3, 3.10.4, 3.10.5 New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12 Name of entity WESTGOLD RESOURCES LIMITED ABN 60 009 260 306 We (the entity) give ASX the following information. Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or to Fully paid ordinary shares (Shares). 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued 4,000,000 Shares. 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for +convertible payment; if securities, the conversion price and dates for conversion) Fully paid ordinary shares. be issued + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 1 4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? Yes. If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration Part consideration for the purchase of Polar Metals Pty Ltd from S2 Resources Limited as announced on 13 February 2016. 6 Purpose of the issue Part consideration for the purchase of Polar (If issued as consideration for Metals Pty Ltd from S2 Resources Limited as the acquisition of assets, clearly announced on 13 February 2016. identify those assets) 6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? No. If Yes, complete sections 6b – 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i 6b The date the security holder resolution under rule 7.1A was passed N/A. 6c Number of +securities issued without security holder approval under rule 7.1 4,000,000 Shares. 6d Number of +securities issued with security holder approval under rule 7.1A N/A. 6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) N/A. 6f Number of securities issued under an exception in rule 7.2 N/A. 6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation. N/A. 6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements N/A. 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements 7.1 – 8,461,897 7 Dates of entering +securities into uncertificated holdings or despatch of certificates 23 February 2018. 8 9 10 +class Number and of all +securities quoted on ASX (including the securities in section 2 if applicable) +class Number and of all +securities not quoted on ASX (including the securities in section 2 if applicable) Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) Number 363,079,314 +Class Fully paid ordinary shares. 61,831,139 Options exercisable at $2.00 on or before 30 June 2019. Number +Class 9,700,000 Unlisted employee options (exercise price $2.02, expiry date 11 January 2020). 5,300,000 Unlisted employee options (exercise price $2.31, expiry date 24 November 2020). There has been no change to Westgold Resources Limited’s dividend policy. + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 3 Part 3 - Quotation of securities You need only complete this section if you are applying for quotation of securities 34 Type of securities (tick one) (a) Securities described in Part 1 (b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional +securities Entities that have ticked box 34(b) 38 Number of securities for which +quotation is sought N/A. 39 Class of +securities for which quotation is sought N/A. 40 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? N/A. If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now N/A. Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number 42 Number and +class of all +securities quoted on ASX (including the securities in clause 38) +Class N/A. + See chapter 19 for defined terms. 01/08/2012 Appendix 3B Page 5 Quotation agreement 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides. 2 We warrant the following to ASX. • • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose. There is no reason why those +securities should not be granted +quotation. • An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty • • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted. If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted. 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Sign here: Print name: ......................................................... Date: 23 February 2018 Company Secretary David Okeby Appendix 3B – Annexure 1 Calculation of placement capacity under rule 7.1 and rule 7.1A for +eligible entities Introduced 01/08/12 Part 1 Rule 7.1 – Issues exceeding 15% of capital Step 1: Calculate “A”, the base figure from which the placement capacity is calculated Insert number of fully paid ordinary securities on issue 12 months before date of issue or agreement to issue Add the following: • Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2 • Number of fully paid ordinary securities issued in that 12 month period with shareholder approval • Number of partly paid ordinary securities that became fully paid in that 12 month period 304,671,487 18,407,827 Note: • Include only ordinary securities here – other classes of equity securities cannot be added • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items Subtract the number of fully paid ordinary securities cancelled during that 12 month period - “A” 323,079,314 Step 2: Calculate 15% of “A” “B” 0.15 [Note: this value cannot be changed] Multiply “A” by 0.15 48,461,897 Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used Insert number of equity securities issued or agreed to be issued in that 12 month period not counting those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 40,000,000 Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities • Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items “C” 40,000,000 Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1 “A” x 0.15 48,461,897 Note: number must be same as shown in Step 2 Subtract “C” 40,000,000 Note: number must be same as shown in Step 3 Total [“A” x 0.15] – “C” 8,461,897 Westgold Resources Limited Level 6, 197 St Georges Tce Perth WA 6000 PO Box 7068 Cloisters Square WA 6850 ABN 60 009 260 306 T: +61 8 9462 3400 F: +61 8 9462 3499 E: perth.reception@westgold.com.au W: www.westgold.com.au 23 February 2018 Company Announcements Office ASX Limited Level 40, Central Park 152-158 St Georges Tce Perth WA 6000 Notice under section 708A of the Corporations Act 2001 Westgold Resources Limited (Issuer) advises that it has allotted 4,000,000 fully paid ordinary shares to S2 Resources Limited, a sophisticated investor, as part consideration for the purchase of Polar Metals Pty Ltd as announced on 13 February 2018. This notice is given under section 708A(5)(e) of the Corporations Act 2001 (Act). The Issuer advises that: (a) the Shares were issued without disclosure to investors under Part 6D.2 of the Act and without a prospectus for the Shares being prepared; (b) this notice is being given under sections 708A(5)(e) of the Act; (c) as a disclosing entity, the Issuer is subject to regular reporting and disclosure obligations; (d) as at the date of this notice, the Issuer has complied with: (i) the provisions of Chapter 2M of the Act, as they apply to the Issuer; and (ii) section 674 of the Act, as it applies to Issuer; and (iii) as at the date of this notice, there is no information that is ‘excluded information’ within the meanings of sections 708A(7) and 708A(8) of the Act. Yours faithfully David Okeby Company Secretary Westgold Resources Limited