AGUIA RESOURCES LIMITED — Capital/Financing Update 2021

Dec 9, 2021

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10 December 2021

ASX Market Announcements Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000

EXTENSION TO SHARE PURCHASE PLAN CLOSING DATE

Sydney, Australia: Aguia Resources Limited (ASX: AGR) ( ‘Aguia’ or the ‘Company’ ) advises that the closing date of the current share purchase plan ( ‘SPP’ ) has been extended to 5:00pm (AWST) on Friday, 17 December 2021.

The SPP is being undertaken to provide eligible shareholders with the opportunity to participate in the Company’s recent placement at the same issue price (A$0.05 per share).

The Company has extended the SPP offer period to allow eligible shareholders additional time to consider the offer and provide sufficient time in which to submit their applications and payments.

The full terms and conditions of the SPP are included in the SPP booklet released through ASX on Monday, 22 November 2021.

Revised indicative timetable:

Record Date (5:00pm AWST)Announcement DateLodge Appendix 3BOpening DateExtended SPP Closing Date (5:00pm AWST)Announce results of the SPPIssue of Shares under the SPPLodge Appendix 2ADispatch date for holding statements	16 November 202117 November 202122 November 202122 November 202117 December 202120 December 202124 December 202124 December 202129 December 2021
Quotation of Shares on ASX (anticipated)	29 December 2021

To participate:

To apply for New Shares under the SPP, please follow the instructions online by visiting the AGR Offer website at https://events.miraqle.com/AGR-offer

• You will need to enter your HIN/SRN, Surname/Company Name and your postcode

• Download the SPP Booklet and read it in its entirety. If you are in doubt about what to do, consult your professional adviser.

• Download your personalised Application Form.

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----- Start of picture text ----- Aguia Resources Limited | ABN 94 128 256 888Level 12, 680 George Street, Sydney NSW 2000 | Telephone 02 8280 7355 Facsimile 02 9287 0350www.aguiaresources.com.au----- End of picture text -----

• Make your payment of total Application Monies for the number of New Shares that you wish to apply for based on the parcel amounts listed.

If you decide to take this opportunity to subscribe for New Shares in AGR under the SPP please ensure that your payment is received by the Share Registry before the SPP closes at 5.00pm (AWST) on Friday, 17 December 2021 .

Shareholders who have any queries regarding the SPP should contact the Company on +61 (0) 419 960 560.

AUTHORISED FOR ISSUE TO ASX BY THE BOARD OF AGUIA RESOURCES LIMITED

For further information, please contact:

Aguia Resources Limited - Investor Relations

ABN: 94 128 256 888 Level 12, 680 George Street, Sydney NSW 2000 Australia E: investor.relations@aguiaresources.com.au P: +61 (0) 419 960 560 W: www.aguiaresources.com.au

For enquiries, please contact Ben Jarvis (Six Degrees Investor Relations) at ben.jarvis@sdir.com.au or +61 (0) 413 150 448 or Nick Donlon (Aguia Resources) at ndonlon@aguiaresources.com.au or +61 (0) 419 960 560

About Aguia:

Aguia Resources Limited, (“Aguia”) is an ASX listed multi-commodity company (AGR:ASX) with pre-production phosphate and metallic copper projects located in Rio Grande do Sul, the southernmost state of Brazil. Aguia has an established and highly experienced in-country team based in Porto Alegre, the capital of Rio Grande do Sul. Aguia is committed to advancing its existing projects into production whilst continuing to pursue other opportunities within the sector.

Caution regarding forward-looking information:

This press release contains "forward looking information" within the meaning of applicable Australian securities legislation. Forward looking information includes, without limitation, statements regarding the next steps for the project, timetable for development, production forecast, mineral resource estimate, exploration program, permit approvals, timetable and budget, property prospectivity, and the future financial or operating performance of the Company. Generally, forward looking information can be identified by the use of forwardlooking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the Company’s public disclosure. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities law.

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EXTENSION TO SHARE PURCHASE PLAN CLOSING DATE

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