ADMIRALTY RESOURCES NL. — Capital/Financing Update 2021

Jul 15, 2021

Admiralty Resources NL ACN 010 195 972

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Suite 305, Level 3 35 Lime Street Sydney NSW 2000 [t] +61 3 9620 7144 [f] +61 3 8677 6949

Email: investors@ady.com.au Web: www.ady.com.au

16 July 2021

Cleansing Statement

Sydney, Australia, 16 July 2021 . Admiralty Resources NL (ASX: ADY) (the Company or ADY ) advises that on 16 July 2021, it issued a total of 47,222,224 Fully Paid Ordinary Shares (the Securities ) without disclosure to the recipients under Part 6D.2 of the Corporations Act 2001 (Cth) (the Corporations Act ).

The Company hereby gives notice under Section 708A(5) of the Corporations Act that:

• (a) The Company has issued the Securities without disclosure to the recipients under Part 6D.2 of the Corporations Act;

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

  • a. Chapter 2M of the Corporations Act as they apply to the Company; and

  • b. Section 674 of the Corporations Act; and

• (c) as at the date of this notice there is no information

  • a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the body; or

    • ii. the rights and liabilities attaching to the relevant securities

to the extent to which it is reasonable for investors and their professional advisers to expect to find the information in a disclosure document.

For more information:

ADMIRALTY RESOURCES NL Jarrod White, Company Secretary +61 3 9620 7144

Approved for release by the Company Secretary.