AKORA RESOURCES LIMITED — Share Issue/Capital Change 2021

Jul 29, 2021

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30 July 2021

The Manager Company Announcements Office ASX Limited Level 4 Exchange Centre 20 Bridges Street Sydney NSW 2000

Dear Sir

RELEASE OF SHARES FROM ESCROW

Pursuant to the requirements of Listing Rules, please find attached an announcement authorised by the AKORA board of directors.

Yours faithfully

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JM Madden Company Secretary

For further information please contact:

JM Madden Phone 61(0) 400 887 001 www.akoravy.com

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RELEASE OF SHARES FROM ESCROW

AKORA Resources Limited (the “ Company ”) wishes to advise that, in accordance with ASX Listing Rule 3.10A, 981,492 fully paid ordinary shares will be released from mandatory escrow on 6 August 2021 and 136,364 fully paid ordinary shares will be released from mandatory escrow on 13 August 2021 (the “ Escrowed Shares ”).

The Escrowed Shares are held by a vendor of exploration tenements and an investor who acquired the shares prior to the listing of the Company on the ASX. Both the vendor and the investor are not related parties or promoters of the Company, and the Escrowed Shares represent approximately 1.83% of all the shares on issue.

The Company will apply for quotation for the Escrowed Shares upon their release from escrow in accordance with the ASX Listing Rules.

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