LOWELL RESOURCES FUND — Net Asset Value 2018

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Lowell Resources Fund (ASX:LRT) c/- Lowell Accounting Services Ph: 03 9642 0655 Mail: P.O. Box 16059 Collins Street West Vic 8007 E:mail: [email protected]

29 March 2018

ASX Limited Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000 Attention: Company Announcements

LOWELL RESOURCES FUND (LRT)

We advise that the estimated Net Asset Value per Unit of the Trust as at 28 March 2018 was $8.2951.

About Lowell Resources Fund

ASX-listed Lowell Resources Fund is focused on generating strong absolute returns from the junior resources sector. Our experienced team of fund managers has many years of experience in this high risk, high reward sector. Lowell Resources Fund Management (LRFM) manages the portfolio of exploration and development companies operating in precious and base metals, specialty metals and the oil and gas space. LRFM has a successful 14-year track record managing LRT. An investment in LRT provides investors with exposure to an actively-managed portfolio focused squarely on one of the most exciting and rewarding sectors of the Australian as well as global share markets.

ABN: 60 006 844 588. AFS Licence 241175. Registered Office: 8 Chapel Street, Cremorne VIC 3121. Phone: (03) 9665 2499