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QEM Announces Commencement of Trading on the ASX

• $5 million raised at $0.20 per share in successful Initial Public Offering to advance QEM’s Julia Creek vanadium and oil shale prospects in Queensland

• Cornerstone investors include Executive Director David Fitch who holds 23.48% on ASX admission

• Exploration activities to commence immediately

19 October 2018: QEM Limited (“QEM” or “the Company”) will commence trading on the Australian Securities Exchange (ASX) at 7:30am WST today after raising $5 million at $0.20 per share as part of its Initial Public Offering (IPO). The Company issued 25,000,000 shares in its IPO, with 100,000,000 total shares on issue, giving it an indicative market capitalisation of $20 million on listing.

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