Harvest Mi (di) Regulatory News (HMI)

Name of entity

HARVEST MINERALS LIMITED

ABN

12 143 303 388

1

+Class of +securities issued or to be issued

a) Fully Paid Ordinary Shares

b) Unlisted options exp 31/05/2017 @ 8.8 pence post-consolidation (0.88 pence pre-consolidation)

c) Unlisted options exp 18/12/2020 @ 7.5 pence post-consolidation (0.75 pence pre-consolidation)

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

a) 1 for 10 consolidation of 823,491,666 pre-consolidation shares to 82,249,193 post consolidated shares

b) 1 for 10 consolidation of 130,410,000 pre-consolidation unlisted options to 13,041,000 post-consolidated unlisted options

c) 1 for 10 consolidation of 9,517,200 pre-consolidation options to 951,720 post-consolidated unlisted options

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 payment; if +convertible securities, the conversion price and dates for conversion)

a) Fully Paid Ordinary Shares

b) Unlisted options exp 31/05/2017 @ 8.8 pence (AUD $0.19) (post consolidated basis)

c) Unlisted options exp 18/12/2020 @ 7.5 pence (AUD $0.16) (post consolidated basis).

The share consolidation was achieved through the conversion of 10 ordinary fully paid shares into one ordinary share and 10 unlisted options into one unlisted option as approved by shareholders at the general meeting held on 17 December 2015.

4

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

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

a) Yes

b) No - Shares issued on conversion will rank equally with all ordinary shares on issue

c) No - Shares issued on conversion will rank equally with all ordinary shares on issue

5

Issue price or consideration

N/A

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Consolidation of capital whereby 10 existing securities will become 1 security on a post consolidation basis.

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

N/A

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

N/A

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

N/A

7

Dates of entering +securities into uncertificated holdings or despatch of certificates

4 January 2016

Number

+Class

8

Number and +class of all +securities quoted on ASX (including the securities in section 2 if applicable)

82,249,193

Fully Paid Ordinary Shares

Number

+Class

9

Number and +class of all +securities not quoted on ASX (including the securities in section 2 if applicable)

13,041,000

 951,720

Unlisted options exp 31/05/2017 @ 8.8 pence (AUD $0.19)

Unlisted options exp 18/12/2020 @ 7.5 pence (AUD $0.16)

10

Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

N/A

11

Is security holder approval required?

N/A

12

Is the issue renounceable or non-renounceable?

N/A

13

Ratio in which the +securities will be offered

N/A

14

+Class of +securities to which the offer relates

N/A

15

+Record date to determine entitlements

N/A

16

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

N/A

17

Policy for deciding entitlements in relation to fractions

N/A

18

Names of countries in which the entity has +security holders who will not be sent new issue documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.

N/A

19

Closing date for receipt of acceptances or renunciations

N/A

20

Names of any underwriters

N/A

21

Amount of any underwriting fee or commission

N/A

22

Names of any brokers to the issue

N/A

23

Fee or commission payable to the broker to the issue

N/A

24

Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders

N/A

25

If the issue is contingent on +security holders' approval, the date of the meeting

N/A

26

Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled

N/A

27

If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders

N/A

28

Date rights trading will begin (if applicable)

N/A

29

Date rights trading will end (if applicable)

N/A

30

How do +security holders sell their entitlements in full through a broker?

N/A

31

How do +security holders sell part of their entitlements through a broker and accept for the balance?

N/A

32

How do +security holders dispose of their entitlements (except by sale through a broker)?

N/A

33

+Despatch date

N/A

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

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

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?

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

N/A

41

Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

N/A

Number

+Class

42

Number and +class of all +securities quoted on ASX (including the securities in clause 38)

N/A