Share Purchase Plan

Aorere Resources Limited (Aorere) has decided to undertake a share purchase plan (SPP) offer to existing shareholders. As foreshadowed in Aorere's 2018 interim report, Aorere has been focused on widening its portfolio of investments and is seeking to investigate a suitable business to acquire by way of reverse listing. Aorere considers its NZX main board listing status to be a key asset as it would offer a suitable private company an alternative path to market and create equity value for shareholders. The capital raised by the SPP will allow Aorere to meet basic compliance costs while Aorere progresses its investigations to identify and pursue the acquisition of a suitable business and expand Aorere's assets. While Aorere has not entered into any documentation for a transaction, it has had discussions with several interested parties and believes there is a reasonable prospect of securing such a transaction in the next 12 months. The SPP will offer existing shareholders the opportunity to apply for either an $800 (representing 1 million shares) or $1,600 (representing 2 million shares) parcel of new shares at an issue price of $0.0008 per share. Shareholders can choose to apply for more shares beyond this allocation, subject to the availability of shares. The indicative SPP timetable (subject to regulatory approvals) is outlined below: Record Date: Wednesday 22 May 2019 SPP opens and Offer Booklet sent to Eligible Shareholders: Thursday 23 May 2019 Closing Date for SPP: Thursday 13 June 2019 Allotment of Shares: By Thursday 20 June 2019 Holding statements sent to Shareholders: By Thursday 20 June 2019 An Appendix 7 release accompanies this announcement. For and on behalf of the Board. Chris Castle Managing Director Email: chris@widespread.co.nz End CA:00334533 For:AOR Type:OFFER Time:2019-05-14 16:51:11