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1 23 DECEMBER 2016 ASX ANNOUNCEMENT EXPLORATION ACTIVITIES REPORT FOR THE MONTH OF NOVEMBER 2016 Global Fortune Investment Limited (ASX: GFI or the Company ) is pleased to provide its monthly activities report and cash flow report for the month of November 2016 in accordance with the ASX Admission Confirmation Letter dated 1 February EXPLORATION ACTIVITIES HORSE ROCK PROJECT, WESTERN AUSTRALIA The next phase of drilling at the Company s 100% owned Horse Rock Project, Western Australia (Figure 1) is scheduled for commencement at the start of December and is expected to take a week to complete. The designed aircore program will test 3 targets and consist of approximately 35 holes for 2000 metres. Figure (1) Project Location Plan Global Fortune Investment Limited ABN: ASX:GFI Level 36, Gateway, 1 Macquarie Place Sydney NSW 2000 T: F: W:

2 E31/887 Eastern Shear Zone Aircore drilling will infill previously identified anomalous exploration hole, GAC012 40ppb) drilled earlier in the year and target the along strike along the linear magnetic feature that is under transportd cover sequences. This drilling will attempt to vector towards a primary gold mineralisation source that can be ultimately tested by RC drilling if warranted in the next phase of work. 10 holes 800m. E31/859 Bullet Aircore drilling will target at historical rock chip (14.9g/t) that is located proximally to a significant magnetic feature. The target area is interpreted as the confluence of two shear zones splaying from granitic done. Recent transported sediments are apparent in satellite imagery and mapping at the prospect. Drilling will attempt to highlight anomalism within the regolith profile and allow vectoring into a primary mineralisation position. and 11 holes 600m. E31/859 Stark Aircore drilling will target a significant magnetic feature located proximally to a regional shear zone. Mineralisation has been observed along strike of the features. Once again the drill target is covered by recent transported sediment sequences. Drilling will attempt to highlight anomalism within the regolith profile and allow vectoring into a primary mineralisation position. Two traverses 10 holes 600m. Figure 2 Program Proposal Magnetics 2

3 Assay results are expected by the end of January 2017 and will be reported at the time. TENEMENT SUMMARY There have been no changes to the Company s exploration tenure during the reporting month. FINANCIAL HIGHLIGHTS At 30 November 2016, total cash at bank was $1.56M. UPDATE ON PRODUCT SALES During the month of November 2016, the Company continued to generate product sales within Australia through AOCIA with sales generated being largely through the distribution of infant formula products. The Company received proceeds from sales and deposits from customers totalling $1.2M during the month of November Cash payments for stock purchased for re sale amounted to $1.12M for the month of November The Company remains committed to developing links between China and Australia for the import/export of agricultural products, to build a new business unit in addition to its exploration, and it has been commencing with products which have a high demand in China, notably infant formula. As such, GFI has been involved in acquiring and selling infant formula, although to date, the buyers have been based in Australia. CORPORATE UPDATE No significant corporate matters occurred during the month of November The Company continues to operate and report its activities in line with ASX Listing Rule 3.1. For further information, please contact: Corporate matters: Eric Yuan Lin Managing Director, CEO T: E: admin@gfinvest.com.au Technical matters: Peter Langworthy OMNI GeoX Pty. Ltd. T: E: peter.langworthy@omnigeox.com Competent Persons Statement The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled or reviewed by Mr. Peter Langworthy, Managing Director (Principal Consultant) OMNI GeoX Pty Ltd. Mr. Peter Langworthy is a Member of the Australian Institute of Mining and Metallurgy and has sufficient experience, which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Peter Langworthy consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. 3

4 +Rule 5.5 Mining exploration entity and oil and gas exploration entity monthly report Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16 Name of entity Global Fortune Investment Limited ABN Month ended ( current month ) November 2016 Consolidated statement of cash flows 1. Cash flows from operating activities 1.1 Receipts (sales & deposits) from customers Year to date (5 months) 1,128 4, Payments for (a) exploration & evaluation (6) (70) (b) development (c) production (d) staff costs (includes director s fees tax & superannuation) (24) (139) (e) administration and corporate costs (29) (289) 1.3 Dividends received (see note 3) 1.4 Interest received Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Research and development refunds 1.8 Other payments for stock purchased for resale (1,076) (4,976) 1.9 Net cash from / (used in) operating activities (4) (1,016) 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10) (c) investments 1 September 2016 Page 1

5 Consolidated statement of cash flows Year to date (5 months) (d) other non-current assets 2.2 Proceeds from the disposal of: (a) property, plant and equipment (b) tenements (see item 10) (c) investments (d) other non-current assets 2.3 Cash flows from loans to other entities - (320) 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities - (320) 3. Cash flows from financing activities 3.1 Proceeds from issues of shares 3.2 Proceeds from issue of convertible notes 3.3 Proceeds from exercise of share options 3.4 Transaction costs related to issues of shares, convertible notes or options 3.5 Proceeds from borrowings 3.6 Repayment of borrowings to related party (50) (50) 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities (50) (50) 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 1,599 2,931 (4) (1,016) - (320) (50) (50) 1 September 2016 Page 2

6 Consolidated statement of cash flows 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period Year to date (5 months) 1,545 1, Reconciliation of cash and cash equivalents at the end of the month (as shown in the consolidated statement of cash flows) to the related items in the accounts Previous month 5.1 Bank balances Call deposits Bank overdrafts 5.4 Other (term deposits) 1,316 1, Cash and cash equivalents at end of month (should equal item 4.6 above) 1,545 1, Payments to directors of the entity and their associates $A' Aggregate amount of payments to these parties included in item Aggregate amount of cash flow from loans to these parties included in item Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 Fees (including tax paid) and superannuation payments to non-executive directors Payments to related entities of the entity and their associates $A' Aggregate amount of payments to these parties included in item Aggregate amount of cash flow from loans to these parties included in item Include below any explanation necessary to understand the transactions included in items 7.1 and September 2016 Page 3

7 8. Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at month end Amount drawn at month end 8.1 Loan facilities 8.2 Credit standby arrangements 8.3 Other (please specify) 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after month end, include details of those facilities as well. 9. Estimated cash outflows for next month 9.1 Exploration and evaluation Development Production Staff costs Administration and corporate costs Other (provide details if material) Total estimated cash outflows Changes in tenements (items 2.1(b) and 2.2(b) above) Tenement reference and location Nature of interest Interest at beginning of month Interest at end of month 10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced N/A 10.2 Interests in mining tenements and petroleum tenements acquired or increased N/A 1 September 2016 Page 4

8 Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. Sign here:... Date: 23 December 2016 Director Print name: Yuan Lin Notes 1. The monthly report provides a basis for informing the market how the entity s activities have been financed for the past month and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report. 2. If this monthly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this monthly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report. 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. 1 September 2016 Page 5