Fully Underwritten Rights Issue

GTI Energy Ltd (GTI or Company) is pleased to advise that existing shareholders, on the record date, will be offered the opportunity to participate in a non-renounceable pro-rata rights entitlement offer of 150,548,357 Shares on a 1 for 10 basis at an issue price of $0.009 per Share, to raise $1,354,935 before costs, with 1 free attaching GTRO option for every 2 Shares subscribed (Entitlements Offer Option) (Entitlements Offer or Offer).

CPS Capital Group Pty Ltd has agreed to fully underwrite the Entitlements Offer and will receive a 6% cash fee for the funds raised under the Entitlements Offer. CPS may, by negotiation, pay a placing fee to third parties of up to 4%, plus GST where applicable under the Entitlements Offer shortfall (Shortfall). CPS or its nominee/s will also receive 20,000,000 listed GTRO options for underwriting the Entitlements Offer (Underwriting Fee Options) and up to 13,549,352 listed GTRO options on the basis of 10 GTRO Options for every $1 placed of the Shortfall (Shortfall Placement Fee Options).

The Underwriting Fee Options & Shortfall Placement Fee Options will be issued using the Company’s existing capacity pursuant to ASX Listing Rule 7.1.

Funds raised from the Offer will be used to fund the development and exploration of the Lo Herma Project, pay costs of the Offer and for working capital.

TABLE 1: PROFORMA CAPITAL STRUCTURE AFTER THE ENTITELEMENTS OFFER

TABLE 2: ENTITLEMENTS OFFER (RIGHTS ISSUE) INDICATIVE TIMETABLE

*The Directors may extend the Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. As such the date the Shares are expected to commence trading on ASX may vary.

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