Luiri Gold : Quarterly Activities and Cashflow Report

ASX Announcement

31 July 2017

ASX: LGM

QUARTERLY REPORT FOR THE THREE MONTHS ENDED 30 JUNE 2017

Luiri Gold Limited

ASX Code: LGM

www.luirigold.com

CORPORATE

During the quarter work continued on an investment in metals recycling industry which the Board believes will be a good value proposition for

the Company's shareholders. The transaction is now at an advanced

Corporate Structure

Shares on issue 460.4m

Last traded price A$0.002

stage of negotiations and the Board expects to be able to make an announcement shortly.

Last week the company received an interest‐free, unsecured loan of

$25,000, with no fixed repayment terms, from a director related entity.

Company Directors

Rob Brown

Non-Executive Chairman

Stuart Murray

Managing Director/ Deputy Chairman

Peter Hawkins

Non-Executive Director

Angela Pankhurst

Director/ Company Secretary

The company continues to keep administration costs to a minimum and will pay directors fees in shares, subject to shareholder approval, to preserve cash.

For further information please contact: Luiri Gold

P: [phone]

F: [phone]

E: [e-mail]

W: www.luirigold.com

Luiri Gold Limited

ARBN 32 139 588 926 T [phone]

Suite 5, 9 Bowman St F [phone]

South Perth WA 6151 E [e-mail]

Appendix 5B

+Rule 5.5

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16

Name of entity

LUIRI GOLD LIMITED

ABN Quarter ended ("current quarter")

139 588 926 30 June 2017

Consolidated statement of cash flows Currentquarter

$A'000

1. Cash flows from operating activities

2. Receipts from customers

3. Payments for

4. exploration & evaluation

5. development

6. production

7. staff costs

   Year to date (6 months)

   $A'000

8. administration and corporate costs (21) (48)

9. Dividends received (see note 3)

10. Interest received - -

11. Interest and other costs of finance paid

12. Income taxes paid

13. Research and development refunds

14. Other (provide details if material)

    1.9 Net cash from / (used in) operating activities

    (21) (48)

15. Cash flows from investing activities

16. Payments to acquire:

17. property, plant and equipment

18. tenements (see item 10)

19. investments

20. other non-current assets

    Consolidated statement of cash flows Currentquarter

    $A'000

21. Proceeds from the disposal of:

22. property, plant and equipment

23. tenements (see item 10)

24. investments

25. other non-current assets

26. Cash flows from loans to other entities

27. Dividends received (see note 3)

28. Other (provide details if material)

    2.6 Net cash from / (used in) investing activities

    Year to date (6 months)

    $A'000

    - -

29. Cash flows from financing activities

30. Proceeds from issues of shares

31. Proceeds from issue of convertible notes

32. Proceeds from exercise of share options

33. Transaction costs related to issues of shares, convertible notes or options

34. Proceeds from borrowings

35. Repayment of borrowings

36. Transaction costs related to loans and borrowings

37. Dividends paid

38. Other (provide details if material)

    3.10 Net cash from / (used in) financing - - activities

39. Net increase / (decrease) in cash and cash equivalents for the period

40. Cash and cash equivalents at beginning of period

41. Net cash from / (used in) operating activities (item 1.9 above)

42. Net cash from / (used in) investing activities (item 2.6 above)

43. Net cash from / (used in) financing activities (item 3.10 above)

44. Effect of movement in exchange rates on cash held

    4.6 Cash and cash equivalents at end of period

    50 77

    (21) (48)

    - -

    - -

    - -

    29 29

45. Reconciliation of cash and cash equivalents

    at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

    Current quarter

    $A'000

    Previous quarter

    $A'000

46. Bank balances 29 50

47. Call deposits

48. Bank overdrafts

49. Other (provide details)

    5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)

    29 50

50. Payments to directors of the entity and their associates Currentquarter

    $A'000

51. Aggregate amount of payments to these parties included in item 1.2 4

52. Aggregate amount of cash flow from loans to these parties included in item 2.3

53. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

54. Payments to related entities of the entity and their associates

55. Aggregate amount of payments to these parties included in item 1.2

56. Aggregate amount of cash flow from loans to these parties included in item 2.3

    Current quarter

    $A'000

57. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2