ALBION RESOURCES LIMITED — Capital/Financing Update 2021

Aug 22, 2021

23 August 2021

Despatch of Loyalty Options Prospectus

Albion Resources Limited (ASX: ALB) ("Albion" or the "Company") is pleased to announce the despatch today to eligible shareholders, of the Prospectus and the Entitlement and Acceptance form for a non-renounceable entitlement issue of one (1) option (“Loyalty Option”) for every two (2) Shares held (“Entitlement Issue” or “Offer”) to raise up to $22,000 before costs. The price of the Loyalty Options under the Offer is $0.001 each (“Issue Price”), exercisable at $0.25 on or before 29 September 2023.

Acceptance for the Offer will close at 5:00pm WST on 3 September 2021.

Applicants should consult their brokers or professional advisors in regards to undertaking an investment in the Offer.

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

==> picture [83 x 60] intentionally omitted <==