Ann: Suspension from Official Quotation, page-7

Not good. Downgrade.

In accordance with Listing Rule 17.2, Dacian Gold Limited (Company or Dacian) requests that a voluntary suspension be applied to the Company’s securities and sets out below the details of that request. In accordance with Listing Rule 17.2, Dacian advises that:

a)the voluntary suspension is necessary to assist the Company in managing its continuous disclosure obligations as the Company expects to make a material announcement to the market regarding an update to the company’s Ore Reserves, Mineral Resources and life-of -mine plan which is anticipated to see a reduction in Mineral Resources and Ore Reserve for the Westralia Underground Mine;

b)it requests the securities remain in voluntary suspension until the announcement to the market of the update to the company’s Ore Reserves, Mineral Resources and life-of -mine plan. This is expected to occur during the week commencing 24 February 2020.