AGUIA RESOURCES LIMITED — Capital/Financing Update 2021

Nov 21, 2021

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22 November 2021

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

ON-SALE CLEANSING NOTICE UNDER SECTION 708A(5)(E) CORPORATIONS ACT

Sydney, Australia, - On 22 November 2021, Aguia Resources Limited ABN 94 128 256 888 (ASX: AGR) ( ‘Aguia’ or the ‘Company’ ) issued 50,940,000 fully paid ordinary Aguia shares with an issue price of $0.05 per share by way of a private placement to sophisticated and institutional investors as announced on 17 November 2021 (the ‘Shares’ ).

Aguia has issued the Shares without disclosure to investors under section 708(5) Corporations Act 2001 (Cth) ( ‘Corporations Act’ ).

For the purposes of section 708A(6) Corporations Act, Aguia advises that:

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

• b) this notice is given under section 708A(5)(e) Corporations Act;

• c) as at the date of this notice, Aguia has complied with:

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

  • ii) section 674 Corporations Act; and

• d) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) Corporations Act to be disclosed under section 708A(6)(e) Corporations Act.

Signed for and on behalf of Aguia

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Nicholas Donlon

Company Secretary

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

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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 -----

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 preproduction 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 forward-looking 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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ON-SALE CLEANSING NOTICE UNDER SECTION 708A(5)(E) CORPORATIONS ACT

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