ALDORO RESOURCES LIMITED — Capital/Financing Update 2021

Aug 23, 2021

ASX and Media Release 24 August 2021

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Aurum Resources - Gold Portfolio Priority Offer Commences

Key Highlights

• Aurum Resources Limited has lodged its IPO Prospectus with ASIC to raise a minimum of $4,500,000 and a maximum of $5,000,000

• Priority offer to eligible Aldoro shareholders

• Xcel Capital Pty Ltd appointed as lead manager

• Prospective gold IPO with the spin-out of the Western Australian gold assets, including the Penny South Project, Unaly Hill South Project and the Ryan’s Find Project

• Aldoro to be a substantial shareholder of Aurum

Aldoro Resources Limited ( Aldoro ) is pleased to announce that its wholly owned subsidiary, Aurum Resources Limited ( Aurum ), has lodged a Prospectus with ASIC to raise a minimum of $4,500,000 and a maximum of $5,000,000 in new equity via an IPO and ASX Listing. A copy of the Aurum Prospectus can be obtained from www.aurumres.com.au.

Aldoro shareholders registered on the Record Date of 20 August 2021 will be eligible to participate in the priority offer for a minimum parcel of $2,000. The full terms of the priority offer to Aldoro shareholders is set out in the Aurum Prospectus.

The indicative timetable for Aurum’s IPO is set out below.

Priority Offer Record Date	20 August 2021
Lodgement of Prospectus with the ASIC	23 August 2021
Exposure Period begins	23 August 2021
Opening Date	31 August 2021
Priority Offer Closing Date	14 September 2021
Public Offer Closing Date	28 September 2021
Issue of Shares under the Offer	8 October 2021
Despatch of holding statements	11 October 2021
Expected date for quotation on ASX	14 October 2021
The above dates are indicative only and may change without notice.

Authorised on behalf of the Board of Aldoro Resources Limited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 2 7229 4628

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005