WPG Resources : 2017-06-19 Optionholder letter Entitlement Issue

Web www.wpgresources.com.au

19 June 2017

Company Announcements Office ASX Limited

Exchange Centre

Level 6, 20 Bridge Street

SYDNEY NSW 2000

Non-renounceable 1:8 Entitlement Issue

Further to the non-renounceable 1:8 Entitlement Issue announced on 19 June 2017, WPG Resources Ltd (WPG) confirms that the following letter has today been despatched to option holders informing them of the Entitlement Issue.

Yours sincerely

WPG Resources Ltd Larissa Brown

Company Secretary

19 June 2017

Optionholder Address Address Address

Dear WPG Optionholder

Entitlement Issue to Eligible Shareholders

Web www.wpgresources.com.au

Pursuant to the ASX Listing Rules we wish to advise you that WPG Resources Ltd (WPG or the Company) has announced that the Company will be completing a pro rata non-renounceable Entitlement Issue of new shares to existing eligible shareholders. Entitlement to participate in the Offer will be based on the number of shares held on the record date of 27 June 2017. The ownership of WPG options does not entitle you to participate in the Offer. However, if you exercise your options prior to the record date for the Entitlement Issue, the resulting shares will be included in your entitlement.

For your information, as at 16 June 2017 the market price for the WPG Resources Ltd (ASX Code: WPG) fully paid ordinary shares was $0.048. The highest and lowest market closing prices for the underlying shares over the last three months was $0.077 and $0.047 respectively.

If you wish to exercise any or all of your options, please complete the exercise notice on your option holding statement, and return it with a cheque payable to WPG Resources Ltd. If you have misplaced your option holding statement, please contact Boardroom Pty Limited. Please ensure payment reaches Boardroom Pty Limited 3 business days prior to the record date as this will accommodate for the 3 day bank cheque clearance.

Indicative Timetable for the Entitlement Issue

Event Date*
Initial announcement of Entitlement Issue, lodgement of Appendix 3B	19 June 2017
Entitlement Issue Prospectus lodged with ASX and ASIC	19 June 2017
Despatch of Entitlement Issue Letter to Shareholders	20 June 2017
New Shares quoted on an 'ex' entitlement basis	26 June 2017
Record Date for determining rights	27 June 2017
Opening Date and Despatch of Entitlement Issue Prospectus and Entitlement and Acceptance Form	30 June 2017
Offer Closing Date	28 July 2017
New Shares quoted on a deferred settlement basis	31 July 2017
Company notifies ASX of under subscriptions	1 August 2017
Allotment of New Shares and New Options, despatch of holding statements	3 August 2017
Trading on ASX of New Shares on a normal settlement basis	4 August 2017

* The above dates (other than the date of the announcement of the Entitlement Issue and the date of lodgement of the Prospectus with ASX) are indicative only and may change without notice. Subject to the Listing Rules, the Company reserves the right to extend the Closing Date or close the Entitlement Issue without further notice. A change to the Closing Date may cause other dates to change.

Yours sincerely

WPG Resources Ltd Larissa Brown

Company Secretary