AKORA RESOURCES LIMITED — Share Issue/Capital Change 2022

Sep 11, 2022

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9 September 2022

ASX Limited ASX Compliance Pty Ltd 20 Bridge Street Sydney NSW 2000

Dear Sir

Cleansing Notice

On 9 September 2022, AKORA Resources Limited issued 400,000 fully paid ordinary shares (Shares) for zero consideration to Mr MH Stirzaker, the Non-executive Chairman of the Company, pursuant to a Letter of Appointment, dated 22 August 2020 and approval by shareholders on 13 April 2022. (From an accounting perspective under AASB 2 Sharebased payments the ordinary shares were valued at 38 cents per share.)

, The Company has lodged with the ASX an Appendix 2A for the issue of the abovementioned Shares.

The Company hereby gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) that:

1. The Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act;

2. As at the date of this notice, the Company has complied with:

   • (a) The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • (b) Section 674 of the Corporations Act; and

3. As at the date of this notice, there is no information to be disclosed which is excluded information (as defined by section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

Yours faithfully

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JM Madden Company Secretary

2022-Sep-09-AKO-JMM-Letters-ASX

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