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Impact Minerals Limited (ASX:IPT) Letter to Shareholders and Despatch of Prospectus
Further to its announcement on 11 May, 2017, Impact Minerals (Impact or the Company) (ASX:IPT) is pleased to invite all persons resident in Australia or New Zealand who were on the Company's register of Shareholders as at the Record Date, being 5.00pm on Wednesday, 10 May 2017 (Eligible Shareholders), to participate in a Share Purchase Plan (Share Purchase Plan or SPP) under the enclosed Prospectus.

Pursuant to the Share Purchase Plan, Eligible Shareholders are entitled to subscribe for up to $15,000 of new fully paid ordinary shares in the Company (New Shares) at an issue price of $0.018 each, with three free attaching options exercisable at $0.04 each, on or before 15 June 2020 (Free Attaching Options) for every two New Shares issued.

The Share Purchase Plan is capped at $4,001,400 with the Company accepting valid applications on a first-come first-served basis.

Any New Shares and Free Attaching Options (Offer Securities) not subscribed for under the Share Purchase Plan will form the Shortfall and will be offered under the Shortfall Offer, which forms a separate offer under the Prospectus. An individual, including an Eligible Shareholder, may apply for the Offer Securities under the Shortfall Offer provided they are eligible under all applicable securities laws to receive an offer under the Shortfall Offer.

If, after the close of the Share Purchase Plan and Shortfall Offer, any Offer Securities have not been subscribed for under the Share Purchase Plan or Shortfall Offer, the Directors reserve the right to place some or all of those Offer Securities within 3 months of the close of the Offers.

The issue of Offer Securities under the Share Purchase Plan and the Shortfall Offer, and the placement of any remaining Offer Securities, is conditional on shareholder approval at a general meeting to be held on or about Tuesday, 20 June 2017.

Shareholders eligible to participate in the Share Purchase Plan

Each individual or entity that was a Shareholder as at the Record Date with a registered address in Australia or New Zealand is eligible to participate in the SPP.

Participation in the SPP is optional. Accordingly, an Eligible Shareholder may, but is not required to, subscribe for Offer Securities.

To view the prospectus, please visit:

Dr Mike Jones
Managing Director
Impact Minerals Limited
T: +61-8-6454-6666

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