ALDORO RESOURCES LIMITED — Board/Management Information 2022

Mar 10, 2022

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ASX and Media Release 11 March 2022

Technical Director Appointment – Pegmatite & Resource Focus

• Mr Mark Mitchell joins the Aldoro Board as Technical Director.

• Appointment bolsters Board expertise in pegmatite geology and resource development.

• Mr Joshua Letcher retires from the board as part of Company transition to resource development.

• Further appointments planned as Aldoro focuses on resource development in 2022.

Aldoro Resources Limited (ASX: ARN) ( Aldoro or Company ) is pleased to announce the appointment Mr Mark Mitchell as Technical Director. Mark has been a geologist for over 35 years in exploration in rare metals, lithium and base metals in Australia and international jurisdictions. Mark worked for De Beers Australia exploration for 24 years rising to the position of exploration manager until its closure in 2009. He then became exploration manager for Kinloch Resources with a portfolio of rare earth, lithium, gold, nickel and copper projects in Australia and Southern Africa.

Mark has significant experience ranging from targeting through to resource evaluation and has been successful in the discovery of several ore deposits in Australia. He has acted in the capacity of company liaison representative on various research projects with AMIRA, CET, GRC as well as a brief period on the CME Exploration committee. He has geological membership with the Geological Society of Australia and Australian Institute of Geoscientists and is a Registered Professional Geoscientist (No: 10049)

As part of bolstering the technical capability at board level, the Company advises that Mr Joshua Letcher has resigned from his role as Director and Chairman of the Company, effective 10 March 2022. The Company would like to thank Joshua for his stewardship and contribution throughout the past two years as Chairman of the Board hallmarked by the significant share price appreciation, the acquisition of the Wyemandoo rare metal fairway, spin-off of the non-core gold assets and delivering a nickel discovery at the Narndee project. The Company wishes Joshua all the best for the future.

The Board is currently assessing its composition and required capabilities to support the execution of its rare metal resource strategy and will keep the market informed of additional appointments in the future.

Ends

This announcement was approved for release to ASX by the Board of Aldoro Resources Limited

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

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About Aldoro Resources

Aldoro Resources Ltd is an ASX-listed (ASX: ARN) mineral exploration and development company. Aldoro has a portfolio of gold and nickel focused advanced exploration projects, all located in Western Australia. The Company's flagship project is the Narndee Igneous Complex, which is prospective for Ni-Cu-PGE mineralisation. The Company's other Ni-Cu-PGE projects include the Cathedrals Belt Nickel Project, with a significant tenement holding surrounding St George Mining's (ASX: SGQ) Mt Alexander Project, the Leinster Nickel Project (Ni), and the Windimurra Igneous Complex (Ni-Cu-PGE, Li).

Disclaimer

Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Aldoro operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Aldoro's control.

Aldoro does not undertake any obligation to update publicly or release any revisions to these forwardlooking statements to reflect events or circumstances after today's date or to reflect the

occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of

Aldoro, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as of the date of this announcement.

securities by Aldoro. Nor does this announcement constitute investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005