Triton Minerals : 18 11 07 MoU with China's Largest Building Materials Group

ASX Announcement

7 November 2018

MoU WITH CHINA'S LARGEST BUILDING MATERIALS GROUP

FOR FUNDING AND TECHNICAL SERVICES

•  MoU signed with Suzhou, a subsidiary of China National Building Materials Group, China's largest construction group

•  Covers participation in financing the construction of the Ancuabe Graphite Project and the provision of material testing and technical consulting services

Triton Minerals Limited (ASX: TON, Triton or the Company) is pleased to advise that it has signed a Non-Binding Memorandum of Understanding (MoU) with Suzhou Sinoma Design and Research Institute of Non-metallic Minerals Industry Co. Ltd. (Suzhou), a subsidiary of China National Building Material Group, China's largest construction group. Suzhou is one of China's leading graphite testing laboratories and provides graphite technical consulting services to China's leading graphite producers.

Under the MoU, Suzhou have expressed interest in participating in debt financing the development of Triton's Ancuabe Graphite Project (Project) in Mozambique, and providing technical consulting services in relation to graphite process technology, production line equipment, construction and commissioning and graphite product quality control.

As previously announced on 24 September 2018, Triton has signed an engineering, procurement and construction contract with MCC International Incorporation Limited (MCC). As such, Triton and Suzhou have agreed that the parties will endeavor to work alongside MCC to finalise Project financing and to leverage Suzhou's technical and industry experience to optimise the project flowsheet and provide technical input during Project construction.

Suzhou undertook preliminary research and due diligence on Triton's graphite projects and following meetings held in October 2018 the companies agreed key terms of the MoU. The parties will now progress discussions on project financing, mineral processing testing and engineering design optimisation.

About Suzhou

Suzhou is a cutting-edge research centre specialising in new technologies for the non-metallic mineral industry of China. The Company is engaged in materials research, processing facility design and optimisation and equipment research and is part of a group of companies that receives technical support from the National Engineering Research Centre set up by the Ministry of Science and Technology of the Peoples Republic of China. It has operated for nearly 60 years and has over 145 research scientists and engineers. Suzhou controls over 30 national science and technology programs including many international collaborations on behalf of the Chinese government. Overall, it has successfully delivered over 2,500 engineering projects.

Suzhou is a subsidiary of China National Building Materials Group Corporation (CNBMGC), a Central Enterprise under supervision of the State-owned Assets Supervision and Administration Commission. CNBMGC is a Fortune Global 500 company and China's largest building products and construction company employing over 100,000 personnel and operating globally.

Commenting on the MOU with Suzhou, Triton Managing Director Peter Canterbury said:

"Suzhou have shown strong interest in Ancuabe, and have requested involvement in many aspects of the Project. The agreement of the MoU provides further validation of its status as a world class graphite project. Suzhou has over 60 years' experience in graphite processing and is one of the leading authorities on graphite globally. This partnership is expected to greatly benefit Triton in the construction and commissioning Ancuabe. Triton looks forward to finalising terms of debt with Suzhou, MCC and its banking group in the near term."

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Investor Enquiries

Peter Canterbury Managing [e-mail] [phone]

David Edwards Company [e-mail] [phone]

Contact Details (Australian Office)

Level 1, 34 Colin Street

West Perth 6005

Forward-Looking Statements

This release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Triton Minerals Limited's current expectations, estimates and assumptions about the industry in which Triton Minerals Limited operates, and beliefs and assumptions regarding Triton Minerals Limited's future performance. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "potential" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only predictions and not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Triton Minerals Limited. Actual values, results or events may be materially different to those expressed or implied in this release. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this release speak only at the date of issue of this release. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Triton Minerals Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this release or any changes in events, conditions or circumstances on which any such forward looking statement is based.

Actual values, results, interpretations or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements in the announcement as they speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, Triton Minerals Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward-looking statements is based.

www.tritonminerals.com | ASX: TON ABN: 99 126 042 215

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