ALBION RESOURCES LIMITED — Capital/Financing Update 2021

Oct 13, 2021

14 October 2021

Albion Appoints Alignment Capital as Corporate Advisor

Albion Resources Limited (ASX: ALB) ( Albion or the Company ) is pleased to announce that it has appointed Alignment Capital Pty Ltd (“Alignment Capital”) as its corporate advisor.

Alignment Capital is a boutique corporate advisory firm that provides a unique service to emerging companies listed on the ASX with the foundations of its business being experience, capital markets insight and access to capital. Alignment Capital was founded in 2014 by a team who has over 50 years’ experience in stockbroking and corporate finance, largely with ASX-listed small capitalisation companies.

The Company has appointed Alignment Capital for a period of 2 years. As consideration for these services, the Company will issue 6,000,000 options exercisable at $0.25 on or before 29 September 2023 (ASX: ALBO) in lieu of cash payment. The options will be subject to a voluntary escrow period of 12 months.

Albion Executive Chairman Colin Locke commented:

“We are delighted to have secured the support of Alignment Capital as Albion’s corporate advisor. The Alignment team have an amazing track record of being able to assist emerging companies through their extensive networks to increase profile, raise market awareness and ultimately extract value for shareholders.

Albion and Alignment Capital have also aligned their interests, with the consideration for the corporate advisory services to be settled entirely in options, with a voluntary escrow period of 12 months.”

Alignment Capital Director Troy Valentine said:

“Albion represents an exciting opportunity, with its current market capitalisation standing at under $10m. We look forward to working with Albion to assist in building value for shareholders.”

This announcement has been approved for release by the Board.

FOR FURTHER INFORMATION:

Colin Locke Executive Chairman +61 457 289 582 colin.locke@albionresources.com.au

ASX ALB

DIRECTORS

Colin Locke EXECUTIVE CHAIRMAN Jonathan King NON-EXECUTIVE DIRECTOR David Palumbo NON-EXECUTIVE DIRECTOR