ALDORO RESOURCES LIMITED — Capital/Financing Update 2024

Aug 13, 2024

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14 August 2024

LOYALTY OPTION OFFER - SHORTFALL NOTICE

Aldoro Resources Limited ( Aldoro , The Company) (ASX: ARN) advises that the Loyalty Option Entitlement Offer announced to the ASX on 22[nd] July 2024 ( Loyalty Option Offer ), closed on 9[th] August 2024.

The Loyalty Option Offer offered Shareholders the ability to subscribe for Options on the basis of of one (1) option (“ Loyalty Option ”) for every four (4) fully paid ordinary shares in the capital of the Company (“ Shares ”) held by those holders of Shares (“ Shareholders ”) at the record date with registered addresses in Australia, New Zealand and Singapore (“ Eligible Shareholders ”) at an issue price of $0.02 per loyalty option to raise up to $673,119 before costs (“ Offer ”). Each Loyalty Option will be exercisable at $0.12 on or before 1 June 2029.

Total applications for the Options raised gross proceeds of $520,830.02. The Options will be issued as per the timetable for the Loyalty Option Offer.

The results of the Loyalty Option Offer are as follows:
Number of Loyalty Options applied for:	26,041,501
Shortfall Options:	7,614,435
Total Number of Options:	33,655,936

The Company reserves the right to place the remaining Shortfall Options within three months after the closing date of the offer and it is intended for these to be placed as soon as possible.

For and on behalf of the Board,

Sarah Smith Company Secretary

This Announcement has been approved for release by the Board of Aldoro Resources Ltd

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 12, 23 Railway Rd, SUBIACO, WA 6008 http://www.aldororesources.com