Greenland Minerals and Energy : Appendix 3B and Sec708A Cleansing statement

7 March 2017

Company Announcements Office Australian Securities Exchange

Cleansing Notice under 708A(5)(e) of the Corporations Act 2001

This notice is given by Greenland Minerals and Energy Limited (ASX:GGG) ("the Company") pursuant to section 708A(5)(e) of the Corporations Act 2001 ("Act").

The Company has issued 3,200,000 shares and 3,200,000 GGGOB listed options. These securities were issued in lieu of fees payable under corporate advisory and research mandates the Company has entered into with two separate corporate advisory and research firms.

The Company notifies the ASX under section 708A(5)(e) Act that:

1. This notice is being given under section 708A(5)(e) of the Act;

2. The Company issued the securities without disclosure to investors under Part 6D.2 of the Act;

3. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and with section 674 of the Act; and

4. As at the date of this notice, there is no information that is excluded information for the purposes of sections 708A(7) and (8) of the Act.

Yours faithfully,

Miles Guy Company Secretary

PERTH: Unit 6, 100 Railway Road, Subiaco Western Australia 6008POSTAL: PO Box 2006, Subiaco WA 6904 Telephone: [phone] Facsimile: [phone] GREENLAND: PO Box 156, Narsaq, Greenland 3921 WEB:www.ggg.gl EMAIL:[e-mail] ABN: 85 118 463 004 Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

(Amendment to Appendix 3B lodged 12 Dec 2016) New Issue Announcement, Application for Quotation of Additional Securities and Agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Greenland Minerals and Energy Limited

ABN

85 118 463 004

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	+Class of+securities issued or to be issued
Quoted shares GGGOB Listed options
2	Number of +securities issued or to be issued (if known) or maximum number which may be issued
2,423,300 Ordinary fully paid shares 3,200,000 Ordinary fully paid shares 3,200,000 GGGOB Listed options
3	Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if+convertible securities, the conversion price and dates for conversion)
2,423,300 Ordinary fully paid shares 3,200,000 Ordinary fully paid shares 3,200,000 GGGOB Listed options

+ See chapter 19 for defined terms.

04/03/2013 Appendix 3B Page 1

4	Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities? If the additional +securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
Yes Yes Yes
5	Issue price or consideration	(i) $0.08 (ii) $0.08 (iii) Nil
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
Exercise of 2,423,300 GGGOB Listed 8 cent exercise price options. Shares issued in lieu of fees payable under corporate advisory and research mandates. Options were free attached options to the shares issued under the corporate advisory and research mandates.
6a	Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6hin relation to the +securities the subject of this Appendix 3B, and comply with section 6i
Yes
6b	The date the security holder resolution under rule 7.1A was passed	26 May 2016
6c	Number of +securities issued without security holder approval under rule 7.1	6,400,000

6d	Number of +securities issued with security holder approval under rule 7.1A	Nil
6e	Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
Nil
6f	Number of +securities issued under an exception in rule 7.2	2,423,300
6g	If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.	NA
6h	If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements	NA
6i	Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements	7.1: - 134,441,943 7.1A: - 99,718,006
7	+Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B.	7 Mach 2017 7 March 2017 7 March 2017

Number	+Class
1,004,747,593 187,800,180	Fully paid ordinary shares Options expire 30 September 2018

8 Number and +class of all

+securities quoted on ASX (including the +securities in section 2 if applicable)

+ See chapter 19 for defined terms.

04/03/2013 Appendix 3B Page 3