Ann: Exploration Update - Graphite Bull Project, page-2

• Metallurgical and other project work is being scaled up, including evaluation of downstream processing to yield >99.95% C feed suitable for Purified Spheronised Graphite production
• Work on Hydrogeological, Environmental, and Heritage surveys has begun
• Applications for two new Miscellaneous Licenses have been submitted, securing access to site and groundwater supplies
• A significant infill and extensional drill program is being finalised, including Resource enhancement, geophysical, geotechnical, hydrological, and metallurgical componentsBuxton Resources Limited

(ASX: BUX) ("Buxton" or "the Company”) is pleased to provide an update for its 100% owned Graphite Bull project (formerly known as Yalbra) located in Western Australia. For location, see Figures at the end of this announcement.Recently completed metallurgical development work in Perth on diamond core from Graphite Bull has produced graphite concentrates grading from 99.2% to 99.8% C. This equals or exceeds the 99.4% C concentrate grade achieved by previous more complex process testwork in Canada (ASX 9/7/2015). Importantly, every stage of this new, much simplified process is well proven technology using “off the shelf” components.

GLTAH