Ann: Appendix 3B and S708 Notice, page-2

20 million

Appendix 3B Aruma Resources Limited (Aruma or the Company) (ASX: AAJ) advises that as set out in the Quarterly Activities Statement released 31 January 2018, the Company entered into a Controlled Placement Agreement (CPA) with Acuity Capital. The CPA provides Aruma with up to $2 million of standby equity capital over the coming 24-month period. Importantly, Aruma retains full control of all aspects the placement process: having sole discretion as to whether or not to utilise the CPA, the number of shares issued, the minimum issue price of the shares and the timing of each placement tranche (if any). There are no requirements on Aruma to utilise the CPA and the Company may terminate the CPA at any time, without cost or penalty. Acuity Capital and the CPA do not place any restrictions at any time on Aruma raising capital through other methods. If Aruma does decide to utilise the CPA, the Company is able to set a floor price (at its sole discretion) and the final issue price will be calculated as the greater of that floor price set by Aruma and a 10% discount to a Value Weighted Average Price (VWAP) over a period of Aruma's choosing (again at the sole discretion of Aruma). As collateral for the CPA, Aruma agreed to place 20m shares from its ASX listing rule 7.1 capacity, at nil consideration to Acuity Capital (Collateral Shares) but may, at any time, cancel the CPA and buy back the Collateral Shares for no consideration (subject to shareholder approval).