Ann: Arena statutory demand update - mediation agreed, page-2

New Energy Minerals LimitedNew Energy the CompanyASX:NXEFRA:GGY

announces that its application to set aside the Arena statutory demand will not be heard before21 March 2019.

1 Furthermore, the parties have agreed to mediation of their disputes, including the Company’sclaims against Arena.The mediation is to take place prior to 31 January 2019.

If the parties do not settle theirdisputes through mediation, the Company’s application in the Supreme Court of Western Australiawill proceed including the Company’s claims against Arena .

The mediation is to take place prior to 31 January 2019. If the parties do not settle theirdisputes through mediation , the Company’s application in the Supreme Court of Western Australiawill proceed