Woodbois Regulatory News (WBI)

06 July 2016

Obtala Resources Limited

("Obtala", the "Group" or the "Company")

(AIM: OBT)

Forestry Update

Obtala Resources Limited (AIM:OBT), the African focused agricultural and forestry company, announces today that it has received full payment of US$500,000 from two investors, one of whom being The Chairman, as per the investment agreement announced on the 30 June 2016.

The investment proceeds will be used to further develop production capabilities within the Forestry division by building additional drying units and investing in other operating machinery.