Announcement PDF ASX Announcement Thursday 15 March 2018 Ref: /VMS/606/VMS0445 Drilling Commences at Odin Testing Substantial Lithium Target in the Greenbushes Mineral District, Western Australia Venture Minerals Limited (ASX code: VMS) (“Venture” or the “Company”), is pleased to announce that the Company has commenced drilling (Refer Figure One) at the Odin Prospect, a substantial lithium target located ~30 km south of the world’s largest hard rock lithium mine (produces ≈40% of the world’s lithium) within the Greenbushes Mineral District of Western Australia (Refer Figure Two). The Company’s maiden drill program has received co-funding from the Western Australian State Government, which will effectively halve the cost of drilling. The Odin Prospect was discovered following geological mapping and geochemical sampling approximately 12 km east of Venture’s Thor VMS (Volcanogenic Massive Sulphides) Prospect. Odin Prospect Highlights Include: ▪ ▪ ▪ ▪ Located only ~30 km south of the world's largest hard rock lithium mine (Greenbushes -owned 51% by Tianqi Lithium and 49% Albemarle) and is geologically hosted within the same Balingup metamorphic belt; Results from geological mapping and surface geochemical sampling has identified a potentially lithium bearing pegmatite extending over 1.9 km of strike and up to 150 m wide; The Odin Prospect is covered by laterite but geochemistry is analogous to Greenbushes with significantly elevated levels of tin, tantalum and niobium in laterite samples (Refer ASX announcement 31 August 2017); Geological mapping shows the presence of coarse “books” of muscovite within the laterite which, in conjunction with the tin, tantalum and niobium anomalism, is considered indicative of pegmatites in a deeply weathered environment (Refer Figure Three). Venture’s Managing Director commented “The Company is excited about this rare opportunity to explore for a potential Greenbushes “look-a-like”. To have the World’s largest hard rock lithium mine be the only lithium deposit to be discovered within the geological district is unusual and highly unlikely, and this fact alone makes Odin a priority exploration target for Venture.” Venture Fast Facts ASX Code: VMS Shares on Issue: 419million Market Cap: $14.3 million Cash: $1.7m (31 Dec 17) Recent Announcements Nickel, Copper & Cobalt identified in Drilling at Caesar Project, Western Australia (13/03/2018) Priority Target Identified Near G88 Nickel-Cobalt Discovery, WA (26/02/2018) Quarterly Activities Report (30/01/2018) Quarterly Cashflow Report (30/01/2018) Management Update (15/12/2017) Access granted to drill at Lithium Target near Greenbushes (14/12/2017) Results of AGM (30/11/2017) New Project Quadrupled Along Strike of G88 Ni-Co Discovery (30/11/2017) Venture secures project immediately along Strike from Golden Mile’s Quicksilver Nickel-Cobalt Discovery, Western Australia (16/11/2017) Registered Office Venture Minerals Limited ABN 51 119 678 385 Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 T: +61 8 6279 9428 F: +61 8 6500 9986 E: info@ventureminerals.com.au Venture Minerals Limited | ACN 119 678 385 | PO Box 1175 West Perth Western Australia 6872 T: +61 8 6279 9428 | F: +61 8 6500 9986 E: info@ventureminerals.com.au | www.ventureminerals.com Page 1 of 5.au Figure One | Drilling at the Odin Prospect Page 2 of 5 Figure Two | Odin – New Pegmatite location map Greenbushes Mine Sn + Ta + Li pegmatite Thor Prospect VMS Target anomaly Odin Prospect New pegmatite target Page 3 of 5 Figure Three | Odin Prospect - “books” of muscovite indicating pegmatite occurrence Coarse “books” muscovite indicator of pegmatite protolith Page 4 of 5 Project Overview The Greenbushes pegmatite located in the Archaean Balingup metamorphic belt of south Western Australia is a giant zoned dyke swam with world-class lithium, tin and tantalum mineralisation. The pegmatites are hosted by NNW trending shear zone within high grade metasedimentary and metabasic igneous rocks. Cassiterite, the primary commercial ore of tin, was discovered at Greenbushes in 1888, and the laterite and alluvial covered pegmatite source identified a few years later. The deeply weathered deposits were mined for several decades before spodumene, the primary ore of lithium, was identified. Having decided to target and gain tenure in the world class Greenbushes Mineral District the Company has utilized robust geochemical pathfinders such as tin, tantalum and niobium to assist the search for new lithium-bearing pegmatites in such deeply weathered terrain. There is a significant volume of published surface geochemical data on haloes for the Greenbushes pegmatites, and the Company considers initial results from the Odin Prospect to compare very favourably with Greenbushes. Yours sincerely Andrew Radonjic Managing Director The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Andrew Radonjic, a fulltime employee of the company and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking 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’. Mr Andrew Radonjic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Page 5 of 5