Ann: Response to ASX Appendix 5B Query, page-2

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7. Please confirm that FHS is in compliance with Listing Rule 3.1 and that there is no information about its financial condition that should be given to ASX in accordance with that Rule that has not already been released to the market. In answering this question, please also provide the identities of the Unnamed Parties in accordance with the Listed@ASX Compliance Update issued on 25 July 2016.
The Company confirms that it is in compliance with the Listing Rule 3.1 and that there is no information that should be given to ASX about its financial condition in accordance with that rule.
With respect to the Unnamed Parties in the ASX Letter, the Company advises as follows:
In relation to the discussions with the “two overseas groups” and “a Chilean group”, currently the discussions are incomplete negotiations and have yet to amount to any binding agreements. The discussions do not presently amount to a material transaction. The Company is committed to making further announcements once the negotiations have finalised.
The reference to “a highly experienced and respected Chilean consulting metallurgical engineer” reported in the Appendix 5B refers to Mr. Freddy Rojas Riveros. Mr. Freddy holds a degree in civil metallurgical engineering from Universidad de Atacama, with over 15 years’ experience consulting various mining companies such as Vecchiola, Roble Mining, Desierto de Hierro, Santa Marta Mining, Enami, SBX, Indeq Chile, CM Minerales Copiapo, and Minera Santa Fe.