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ASX ANNOUNCEMENT By e-lodgement 15 January 2016 Mozambi Resources Announces the Largest JORC Graphite Resource in Tanzania Highlights:  Maiden JORC Resource Estimate of 179Mt @ 5.1% Graphitic Carbon  Largest Graphite JORC Compliant Resource in Tanzania  Shallow deposit with all drilling limited to 100m maximum depth  All Deposits remain open along strike and at depth and the project hosts multiple untested targets identified but not yet drill tested  Exceptional metallurgical results show very high proportion of Super Jumbo +500 Microns and Jumbo +300 Microns flake sizes  Metallurgical tests results have confirmed graphite easily liberated from the host rock  Planning to upgrade the deposit to the Indicated and Measured categories is now underway  Discussions with a number of specialist companies with regards to initiating a Prefeasibility study (PFS) on the Namangale projects are now underway  Mozambi is reviewing requests from potential off take partners and end user groups requesting sample product Introduction Mozambi Resources Limited (ASX: MOZ, “Mozambi”, “the Company”) is extremely pleased to announce its maiden JORC compliant Resource at its 100% owned Namangale Project in Tanzania. The Mineral Resource estimate comprises 179Mt at an average estimated grade of 5.1% TGC classified in the Inferred Resource Category in compliance with the 2012 JORC code. The Resource has been calculated from 82 RC holes and 9 Diamond holes with a maximum depth of 100m with mineralisation starting at or near surface. The Resource is now the largest reported JORC graphite project in Tanzania and one of the largest coarse flake projects in the world. Mozambi Chairman, Stephen Hunt commented, “The results have been outstanding in every respect. We now have a very significant maiden JORC resource, coupled with excellent coarse flake size graphite, which has been drilled from a very shallow depth. This, together with the fantastic infrastructure goes a long way to ensuring the success of Namangale as a genuine graphite project. We are all very excited by these results and it bodes extremely well for the future development of the Company.” Figure 1 shows the location of the Namangale Project tenements and the main graphite prospects that have been identified to date on the Company’s tenement package. Mozambi has continued