Publication of Prospectus

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa, Canada or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

8 March 2019

MOD Resources Limited

("MOD" or the "Company")

Publication of Prospectus

MOD Resources Limited (ASX/LSE: MOD), is pleased to announce that its Prospectus dated 8 March 2019 has been approved by the UK Listing Authority and was published on 8 March 2019.

The Prospectus relates to the admission to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities of the 21,353,317 new Ordinary Shares issued by the Company under the fully underwritten entitlement offer announced on 21 January 2019 (the 'Entitlement Offer Shares') ('Admission'). The Company expects that Admission will become effective and that unconditional dealings in the Entitlement Offer Shares will commence on or around 8.00 a.m. London time on 14 March 2019.

A copy of the Prospectus has been submitted to the National Storage Mechanism and is available for inspection (subject to securities laws) at www.morningstar.co.uk/uk/NSM.

The Prospectus has also been published on the Company's website at http://www.modresources.com.au/LSE-Listing-Prospectus. Hard copies of the Prospectus will also be available during normal business hours at the offices of the Company's UK legal adviser Memery Crystal LLP: 165 Fleet Street, London EC4A 2DY, UK.

- 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.