2008b1be-b0ae-41ba-bc0e-d8f29d04aee1.pdf

ASX Announcement

1 July 2016

Australian Securities Exchange Code: FEL

Ordinary Shares: 255,669,629

Unlisted Options: 3,850,000

Board of Directors: Tony Sage

Non-Executive Chairman

Mark Gwynne

Executive Director

Paul Kelly

Non-Executive Director

Eloise von Puttkammer

Company Secretary

Fe Limited Contact: Mark Gwynne Executive Director Tel: +61 8 6181 9793

Corporate Office:

32 Harrogate St, West Leederville, Western Australia 6007 Australia Telephone +61 8 6181 9793

Facsimile +61 8 9380 9666

Australian Enquiries: Professional Public Relations David Tasker

Tel: +61 8 9388 0944

Mob: +61 433 112 936

Email: david.tasker@ppr.com.au

Fe Limited is an Australian domiciled mineral resources exploration and development company.

Fe Limited

ABN: 31 112 731 638

Cardinal granted operational approval to operate lotteries

Fe Limited (Company)(ASX: FEL) is pleased to report that today Cardinal House Group Pty Ltd (Cardinal) notified the Company that they have been granted operational approval (Operational Approval) in relation to Cardinal's Lotteries Licence No. 20151609 (Lotteries Licence) (granted on 2 December 2015) from Norfolk Island Gaming Authority (NIGA).

The Operational Approval was granted by the Director of NIGA on 28 June 2016. Cardinal has advised the Company that although members of, and the Director of, NIGA had resigned prior to this date, the Director was responsible for discharging his duties until 30 June 2016.

Operational Approval gives Cardinal approval, in accordance with the Lotteries Licence terms and conditions, to conduct lotteries and accept players from throughout the world, including, without limitation, residents of Norfolk Island, at its own discretion. Consistent with the Company's previous announcements, Cardinal intends to initially commence offering its online bingo product to potential customers in Western Australia.

This represents a key milestone for Cardinal.

FEL and Cardinal continue to work together to progress the reinstatement of the Company to the official list of ASX Limited.

Yours faithfully FE LIMITED

Tony Sage

Non-Executive Chairman

felimited.com.au

Fe Limited published this content on 01 July 2016 and is solely responsible for the information contained herein.
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