Anson Resources : Borg Geoscience Appointed as a Technical Advisor

23 February 2017 ASX ANNOUNCEMENT

ASX: ASN, ASNOA

Company Announcements Office Australian Securities Exchange Limited

Borg Geoscience Appointed as a Technical Advisor

Anson Resources Limited (ASX: ASN) (Anson or the Company) is pleased to announce that Borg Geoscience Pty Ltd has been appointed as a technical advisor for Anson's global exploration projects which are targeting the new energy sector market. Anson's projects include the Ajana Graphite Project in Western Australia and the ULI Lithium Brine Project in Utah.

Mr Brendan Borg is a Director of geological consulting firm Borg Geoscience Pty Ltd and of a new energy minerals marketing firm, Minemark Pty Ltd. Brendan has 20 years experience working in the exploration and mining industry, with companies such as Rio Tinto Iron Ore, IronClad Mining Limited and Metalicity Limited, and more recently as an independent consultant specialising in the new energy minerals sector such as graphite, lithium and cobalt.

The appointment will commence immediately, on a casual basis and tasks will include technical support on all Anson's projects as requested. In addition, a commentary/review on the projects and results for future announcements will be provided.

Borg Geoscience will be issued with 500,000 out of the money options in ASN excisable at 5.5c, with an expiry date 18 months from the date of issue. Work carried out by Borg Geoscience will be made payable at set daily rate, or equivalent value in ASN shares, at the discretion of the Company. Any ASN shares issued will be priced at the 5 day VWAP prior to date of issue.

Commenting on his appointment, Mr Borg said: "I am pleased to have the opportunity to assist Anson with their promising lithium and graphite projects. The ULI lithium brine project is of particular interest given the presence of lithium in brine at potentially economic concentrations in close proximity to the project. Several geological features analogous to the lithium producing Clayton Valley in Nevada appear to exist at the ULI project, making it a compelling drill target. At the Ajana Graphite Project, exploration and resource definition work is progressing in parallel with metallurgical testing, a critical task in targeting potential customers at an early stage."

Bruce Richardson, Managing Director, commented "We are excited to appoint someone with the experience of Brendan, of Borg Geoscience, to advise on technical matters associated with Anson's exploration projects. Importantly, he is a qualified hydro-geologist, which will greatly assist in advancing the highly prospective ULI lithium Brine Project."

Registered Office: Level 1, 8 Outram Street, West Perth, WA 6005, Australia

Tel: [phone] Fax: [phone] ABN: 46 136 636 005 www.ansonresources.com

Anson's Projects

• The Ajana Graphite Project is located in Northampton, Western Australia, a proven and established mining province with a stable political environment, and is adjacent to the North West Coast Highway 130km north of Geraldton. The prospective ground on the 112km2 of tenements E66/89 and E66/94 contains extensive areas of graphitic schist mineralization within a Proterozoic gneissic geology. The Ajana area is dominated by the Proterozoic gneiss with conformable lenses of meta-sediment, pelitic gneiss, meta-

  quartzite, mafic gneiss and graphitic schist known as the Northampton Metamorphic Complex. This gneissic geological environment typically hosts high grade graphite deposits in Western Australia and graphite deposits worldwide.

• The ULI Lithium Brine Project is located in Grand County, Utah within the Paradox Basin. The Project consists of 89 mineral claims covering 720.3 hectares. During the 1960s, numerous oil wells were drilled in the region and encountered over pressurised brines in a unit of the Pennsylvanian Paradox Formation named the Clastic Zone 31. Most wells were not analysed for lithium, but 2 holes within 1km of the south end of the claims (Long Canyon No.1 and Robert's Well) were tested for lithium. These tests showed a maximum lithium value of 1,700ppm and average of 500ppm Li, noting that the higher lithium values were reported close to the Robert's Rupture geological formation which runs through the Project claims. In addition, bromine, boron and iodine were found to be in high concentrations

For further information please contact: Bruce Richardson

Managing Director

E: [e-mail]

Ph: [phone]

www.ansonresources.com Follow us on Twitter @anson_ir

The information in this announcement that relates to exploration results and geology is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the Australasian Institute of Mining and Metallurgy. Mr Knox is a geologist who has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity being undertaken to qualify as a "Competent Person", as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion in this report of the matters based on information in the form and context in which they appear.

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