Luiri Gold : Quarterly Activity and Cashflow Report

QUARTERLY REPORT FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2016

Luiri Gold Limited

ASX Code: LGM

www.luirigold.com

ASX Announcement

28 October 2016

ASX: LGM CORPORATE

During the quarter the directors completed preliminary due diligence on a business opportunity outside the mining industry which the Board

believes will be a good value proposition for the Company's

Corporate Structure

Shares on issue 460.4m

52 week high A$0.002

52 week low A$0.002

Company Directors

Rob Brown

Non-Executive Chairman

Stuart Murray

Managing Director/ Deputy Chairman

Peter Hawkins

Non-Executive Director

Angela Pankhurst

Director/ Company Secretary

shareholders. The Board is now waiting for the investment target to complete certain milestones before finalising due diligence and the terms of the transaction. Details of the investment will be announced as soon as there is sufficient certainty to do so.

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 September 2016

Consolidated statement of cash flows		Current quarter $A'000	Year to date (9 months) $A'000
1.	Cash flows from operating activities	(51)	(87)
1.1	Receipts from customers
1.2	Payments for
(a) exploration & evaluation
(b) development
(c) production
(d) staff costs
(e) administration and corporate costs
1.3	Dividends received (see note 3)	-	1
1.4	Interest received
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Research and development refunds
1.8	Other (provide details if material)
1.9	Net cash from / (used in) operating activities	(51)	(86)

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment

4. tenements (see item 10)

5. investments

6. other non-current assets

7. Consolidated statement of cash flows		Current quarter $A'000	Year to date (9 months) $A'000
   2.2	Proceeds from the disposal of:
   (a) property, plant and equipment
   (b) tenements (see item 10)
   (c) investments
   (d) other non-current assets
   2.3	Cash flows from loans to other entities
   2.4	Dividends received (see note 3)
   2.5	Other (provide details if material)
   2.6	Net cash from / (used in) investing	-	-
   activities

8. Cash flows from financing activities

9. Proceeds from issues of shares

10. Proceeds from issue of convertible notes

11. Proceeds from exercise of share options

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

13. Proceeds from borrowings

14. Repayment of borrowings

15. Transaction costs related to loans and borrowings

16. Dividends paid

17. Other (provide details if material)

18. 3.10 Net cash from / (used in) financing activities

-

-

Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above) Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period	153 (51) - - -	188 (86) - - -
	102	102

5.	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
5.1	Bank balances	102	153
5.2	Call deposits
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)	102	153

Current quarter $A'000

8

1. Payments to directors of the entity and their associates

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

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

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

   Current quarter $A'000

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

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

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

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