Announcement was about Ringwood;Not Zola!, page-16

ASX ANNOUNCEMENT ASX : CXO
12th April 2016
Issue of Quoted Options

Core Exploration Limited (ASX:CXO or “Company”) advises that 59,211,385 quoted options exercisable at 5 cents each on or before 31 August 2017 (Quoted Options) will be issued on 13 April 2016 under the prospectus issued by the Company on 5 April 2016. The issues will be made under four offers as detailed below:

1. Placement Offer - 43,511,385 Quoted Options to be issued to investors who subscribed to shares pursuant to the placement announced on 18 February 2016 and issued on 25 February 2016 (one option issued for every share under the placement). The Quoted Options will be issued as approved by shareholders at a general meeting held on 8 April 2016.
2. Lead Manager Offer - 10,000,000 Quoted Options to be issued to the lead manager of the placement. The Quoted Options will be issued as approved by shareholders at a general meeting held on 8 April 2016.
3. Director Offer - 3,700,000 Quoted Options to be issued to directors and employees of the Company with 3,000,000 Quoted Options issued to Directors as approved by shareholders at a general meeting held on 8 April 2016 and 700,000 Quoted Options issued to employees under the Company’s Share Option Plan.
4. Contractor Offer - 2,000,000 Quoted Options to be issued to a contractor of the Company for professional services. The Quoted Options will be issued under the Company’s 15% placement capacity under listing rule 7.1.