GRAPHEX MINING LIMITED (GPX)

name changed to Marvel Gold Limited

The suspension of trading in the securities of Graphex Mining Limited will be lifted immediately, following the release by GPX of an announcement regarding a capital raise and an acquisition.

The company releases a notice of Proposed issue of Securities - GPX.

The company issues an entitlement offer prospectus for its non-renounceable entitlement offer to eligible shareholders on the basis of 1 new share for every 1 existing share held by eligible shareholders on the record date at an issue price of $0.02 per share to raise approximately $2.3 million before costs.

The company will undertake a fully underwritten 1 for 1 non-renounceable pro rata entitlement offer at a price of $0.02 per Graphex share to raise approximately $2.3 million (before costs). Proceeds will be used to: provide funding for exploration work to enable the company to earn-in to the Mali Gold Projects; conduct a process to sell down or refinance the Chilalo Project; carry out work to identify opportunities to expand the company's landholding in Mali; and fund corporate overheads and working capital.

The company releases the Results of Meeting.

Stage 1 drill program comprising 1,544m of diamond drilling and 1,811m of air core drilling completed at the Tabakorole Gold Project. Results are expected to be released in August 2020 and will underpin the maiden JORC 2012 resource estimate for Tabakorole. Tabakorole has a large historical resource with upside in grade and ounces. 3,500m Stage 1 drill program at Lakanfla Gold Project to be completed by Q4 2020.

The company will hold a webinar on 16 July 2020. This will be co-hosted by Phil Hoskins and Chris van Wijk and will focus on the acquisition and exploration potential of the Mali gold projects, Tabakorole and Lakanfla.

The company releases a Corporate Presentation.

Graphex Mining Limited will host two webinars to discuss the ASX announcement dated 17 June 2020, entitled "˜Financing Update and Asset Acquisition'. The first of these webinars, to be hosted by Managing Director, Phil Hoskins on Thursday, 25 June 2020 at 10:00am (AWST), will focus on an update in relation to financing of the Chilalo Graphite Project. The webinar will be on 25 June 2020 at 10:00am - 12:00pm (AWST). Register: https://attendee.gotowebinar.com/register/6787109764072029963.

A General Meeting of the Company will be held at Emerald House, 1202 Hay Street, West Perth on 20 July 2020 at 10.00am (WST).

The company releases a notice of Proposed issue of Securities - GPX.

Financier has decided not to proceed with the Senior Funding Package for the Chilalo Project. Restructuring of debt and security arrangements to leave Graphex unencumbered. Graphex to undertake sell-down or refinancing process for Chilalo "“ proceeds to be used to repay financier with Graphex retaining any excess proceeds. Earn-in JV signed with Altus Strategies plc to earn up to 80% of Tabakorole and Lakanfla, two advanced gold exploration projects in Mali. Tabakorole "“ large historical resource with significant upside. Drilling is underway at Tabakorole "“ first assay results expected in Q3 2020. Lakanfla "“ major untested gold target, 6km from Sadiola gold mine. Proposed change of name to Marvel Gold Limited. $5.0M capital raising to support exploration and business development in Mali.

The Company expects the extension of the voluntary suspension to end at the commencement of trade on Friday 19 June 2020, or when an announcement on the financing arrangements associated with the Chilalo Graphite Project is released to the market.

The Company expects the extension of the voluntary suspension to end at the commencement of trade on Friday 12 June 2020, or when an announcement on the financing arrangements associated with the Chilalo Graphite Project is released to the market.

The Company expects the extension of the voluntary suspension to end at the commencement of trade on Wednesday 3 June 2020, or when an announcement on the financing arrangements associated with the Chilalo Graphite Project is released to the market.

The Company expects the extension of the voluntary suspension to end at the commencement of trade on Wednesday 20 May 2020, or when an announcement on the financing arrangements associated with the Chilalo Graphite Project r is released to the market.

The company expects the extension of the voluntary suspension to end at the commencement of trade on Wednesday 13 May 2020, or when an announcement on the financing arrangements associated with the Chilalo Graphite Project is released to the market.

The company lodges its March Quarterly Activities Report and Appendix 5B.

The company expects the extension of the voluntary suspension to end at the commencement of trade on Wednesday 6 May 2020, or when an announcement on the financing arrangements associated with the Chilalo Graphite Project is released to the market.

The company expects the extension of the voluntary suspension to end at the commencement of trade on Wednesday 29 April 2020, or when an announcement on the financing arrangements associated with the Chilalo Graphite Project is released to the market.

The company expects the extension of the voluntary suspension to end at the commencement of trade on Wednesday 22 April 2020, or when an announcement on the financing arrangements associated withe the Chilalo Graphite Project is released to the market.

The company expects the extension of the voluntary suspension to end at the commencement of trade on Wednesday 15 April 2020, or when an announcement on the financing arrangements associated with the Chilalo Graphite Project is released to the market.

The company expects the extension of the voluntary suspension to end at the commencement of trade on Wednesday 8 April 2020, or when an announcement in relation to the financing arrangements associated with the Chilalo Graphite Project is released to the market.

The securities of Graphex Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GPX, pending the release of an announcement regarding financing for the development of its Chilalo Graphite Project.

The securities of Graphex Mining Limited will be reinstated to official quotation immediately following the release of an announcement regarding legislative changes in Tanzania.

Graphex Mining Limited provides an update on proposed legislative changes with respect to the legal and regulatory framework governing the natural resources sector in Tanzania. The proposed legislation is designated to address the mining and export of precious metals and metal concentrate from existing operations in Tanzania. As the company's Chilalo Graphite Project is an industrial mineral project, a number of the new provisions of the proposed legislation are not expected to impact the company as they appear to be targeted at metals and metal concentrates.

The securities of Graphex Mining Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

listed entity carried for record purposes only