Ann: RC Drill Program Commenced at Blue Moon Gold Prospect, page-69

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De Grey Mining Limited (ASX: “DEG”) (“De Grey” “Company”) wishe
s to announce the
following capital raising initiatives:
Capital Raising
De Grey is pleased to announce that it has received firm commit
ments from sophisticated
and professional investors qualifying under s708 of the Corpora
tions Act 2001 (Cth) to
subscribe for a placement of 28,000,000 ordinary shares at $0.0
65 per share with a free
attaching option (exercisable at $0.10 on or before 30 November
2018) for every two new
shares subscribed to raise $1.82M (before costs). The placement
was managed by DJ
Carmichael Pty Limited.
The single tranche placement will be completed pursuant to the
Company’s remaining
issue capacity under Listing Rules 7.1 (25,994,436 available) a
nd 7.1A (17,329,624
available).

28,000,000 ordinary shares – 17,329,624 to be issued under LR7
.1A and 10,670,376 under LR7.1.

14,000,000 listed options to all be issued under LR7,1.
The Company will be Application will be made to have the option
s listed and will rank with
the existing listed options (ASX: DEGO), which have an exercise
price of $0.10 and an
expiry date of 30 November 2018.