ACCELERATE RESOURCES LIMITED — Capital/Financing Update 2022

Nov 8, 2022

Market Announcement

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9 November 2022

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Accelerate Resources Limited (ASX: AX8) – Trading Halt

Description

The securities of Accelerate Resources Limited (‘AX8’) will be placed in trading halt at the request of AX8, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 11 November 2022 or when the announcement is released to the market.

Issued by

Nicholas Mountain

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

9 November 2022 ASX Limited

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Stephanie Patchell ASX Compliance Pty Ltd Level 40, Central Park 152 – 158 St Georges Tce Perth WA 6000

By email: tradinghaltsperth@asx.com.au Stephanie.Patchell@asx.com.au

Dear Stephanie,

Request for Trading Halt

Pursuant to Listing Rule 17.1, Accelerate Resources Limited ( Company ) requests a trading halt of the Company’s securities be granted by the Australian Securities Exchange ( ASX ).

In accordance with Listing Rule 17.1, the Company advises:

• that it requests a trading halt pending an announcement in relation to a capital raise ( Announcement );

• it anticipates that the trading halt will end on the earlier of the commencement of normal trading on Friday, 11 November 2022 or when the Announcement is released to the market; and

• the Company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

—ENDS—

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

For further information please contact

Deborah Ho Company Secretary

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

P +61 (0) 8 6248 9663 AX8.com.au

ASX:AX8 Ground Floor, U1/16 Ord Street, West Perth, WA, 6005

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