MOD.L Regulatory News (MOD)

20 February 2019

MOD Resources Limited

("MOD" or the "Company")

Wins Prestigious Craig Oliver Award

MOD Resources Ltd, (ASX/LSE: MOD) is pleased to announce that it has been awarded the annual Craig Oliver Award at the 2019 RIU Explorers Conference in Fremantle, Western Australia.

MOD's Managing Director, Julian Hanna, said:

"On behalf of MOD Resources, it is an absolute honour to receive this unique and prestigious award. It is a great credit to the wonderful work and dedication of the entire MOD team both here in Perth and also importantly on the ground in Botswana where we are looking to develop our first mine in an area we believe could hold many more exciting discoveries. The support we continue to receive from our shareholders and many stakeholders is a testament to the quality of the assets and vision of the MOD Team."

He added "On a personal note, I am humbled to have collected this award from Craig's wife Shanelle. Craig was both a work colleague and a great friend and this helps us to remember Craig and the Sundance Team for their lasting contribution to the mining industry."

Craig Oliver Award

Presented each year at the RIU Explorers Conference to an "all-round" small to mid-cap Australian mining company that has excelled across a number of areas including exploration, corporate activity and in social and environmental performance throughout the year. Previous recipients of the Craig Oliver Award have gone on to become some of the most recognisable names in the Australian and global resources sector.

MOD Resources is extremely proud to have been recognised for its achievements to date with the T3 Copper Project, while continuing to work towards proving up the potential copper-belt scale opportunity of the Kalahari Copper Belt in Botswana.

- ENDS -

For and on behalf of the Board.

Subscribe at: www.modresources.com.au

About MOD Resources

MOD Resources Ltd (ASX/LSE: MOD) is a dual listed copper exploration and development company with a dominant land position within the Kalahari Copper Belt in Botswana. The Company is focussed on the 100% MOD owned T3 Copper Project, expecting to release a Feasibility Study in the first quarter of 2019. In parallel with the development of the T3 Copper Project, MOD continues its exploration program across several priority drill targets and within untested areas of interesting and potentially significant Cu-Zn soil anomalies.

The Company is continuing to engage with interested parties in relation to T3 funding opportunities and is targeting to begin development of the T3 Copper Project in 2H 2019, with a vision of commencing production in the mid-term while focussing on generating strong, consistent and predictable returns for shareholders.

MOD has a strong social licence to operate within Botswana as well as within the host community of Ghanzi. MOD will continue to work collaboratively with regulators and members of the Ghanzi District to ensure that any social investments and developments are targeted to create a positive and lasting legacy.

Forward Looking Statements and Disclaimers

This announcement includes forward-looking statements that are only predictions and are subject to risks, uncertainties and assumptions, which are outside the control of MOD Resources Limited.

Actual values, results, interpretations or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements in the announcement as they speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, MOD Resources Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward-looking statement is based.

This announcement has been prepared by MOD Resources Limited. The document contains background information about MOD Resources Limited current at the date of this announcement. The announcement is in summary form and does not purport to be all-inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this announcement.

The announcement is for information purposes only. Neither this announcement nor information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. The announcement may not be distributed in any jurisdiction except in accordance with legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply to their own jurisdiction as a failure to do so may result in a violation of securities laws in such jurisdiction.

This announcement does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this announcement are not intended to represent recommendations of particular investments to particular persons.

Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent of the law, MOD Resources Limited, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinion, estimates, forecasts or other representations contained in this announcement. No responsibility for any errors or omissions from the announcement arising out of negligence or otherwise is accepted.