ALBRIGHT METALS LTD — Share Issue/Capital Change 2019

Dec 11, 2019

ASX Announcement

12 December 2019

ASX Limited 20 Bridge Street Sydney NSW 2000

Section 708A (5) Notice

Bryah Resources Limited (“the Company”) advises that is has completed a conversion of $150,000 of outstanding debt to equity with Australian Vanadium Limited (ASX:AVL), by the issue of 3,750,000 new shares at a deemed price of $0.04/share.

The new shares have been issued under the Company’s available placement capacity under ASX Listing Rules 7.1.

Section 708A (5) Notice

The Company gives this notice pursuant to Section 708A (5) of the Corporations Act 2001 (the “Act”).

The securities were issued without disclosure to investors under Part 6D.2, in reliance of Section 708A (5) of the Act.

The Company, as at the date of this notice, has complied with:

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

• (b) Section 674 of the Act.

As at the date of this notice, there is no “excluded information” (as defined in Section 708A(7) and (8) of the Act), required to be disclosed by the Company.

The board of directors of Bryah Resources Limited has authorised this announcement to be given to the ASX.

For further information, please contact

Neil Marston

Managing Director

Tel: +61 9321 0001

Address Level 1, 85 Havelock Street West Perth WA 6005 Tel: +61 8 9321 0001 Email: info@bryah.com.au

ASX Code: BYH ABN: 59 616 795 245 Shares on issue: 100,873,840 Latest Share Price: $0.042 Market Capitalisation: $4.2M

Projects Bryah Basin – Copper, Gold, Manganese Gabanintha – Gold, Copper bryah.com.au

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About Bryah Resources Limited

Bryah Resources Limited is a copper-gold-manganese focused explorer with 2 projects located in central Western Australia, being the 1,135km[2] Bryah Basin Project and the 170km[2] Gabanintha Project.

The Bryah Basin is host to the high-grade copper-gold mines at DeGrussa, discovered by Sandfire Resources NL in 2009, and at Horseshoe Lights, which was mined until 1994. The Bryah Basin also has several historical and current manganese mines including the recently acquired Horseshoe South mine.

The Company has secured a joint venture agreement with OM (Manganese) Limited in respect to its manganese rights only in respect to approximately 660 km[2] of its Bryah Basin tenement holdings.

At Gabanintha, Bryah holds the rights to all minerals except Vanadium, Uranium, Cobalt, Chromium, Titanium, Lithium, Tantalum, Manganese & Iron Ore (Excluded Minerals). Australian Vanadium Limited retains 100% rights in the Excluded Minerals on the Gabanintha Project.

Forward-Looking Statements

This report may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Readers should not place undue reliance on forward looking information.

The Company does not undertake any obligation to release publicly any revisions to any “forwardlooking statement” to reflect events or circumstances after the date of this report, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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