ACCELERATE RESOURCES LIMITED — Share Issue/Capital Change 2021

Dec 1, 2021

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Company Announcements Office, ASX Limited By E-Lodgement

Shares Issued and Cleansing Notice

As approved by Shareholders on 8 November 2021 and further to the Company’s announcement on 25 October 2021, the Company issued 8,000,000 fully paid ordinary shares for the exercise of the option to acquire the Mineral Rights on the Ripon Hills and Braeside West Projects in the East Pilbara Manganese Field.

The shares were issued with shareholder approval and therefore do not utilise the Company’s existing placement capacity under ASX Listing Rules 7.1 and 7.1A.

For the purposes of section 708A(6) of the Corporations Act, the Company gives notice under section 708A(5)(e) of the Corporations Act as follows:

• a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act;

• b) as at the date of this notice the Company has complied with:

  • i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • ii) section 674 of the Corporations Act; and

• c) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act.

-ENDS-

This announcement has been produced in accordance with the Company's published continuous disclosure policy and has been approved by the Managing Director .

For further information please contact

Yaxi Zhan Managing Director

E: Yaxiz@AX8.com.au I P: +61 8 6248 9663 I W: www.AX8.com.au