ALICANTO MINERALS LIMITED — Proxy Solicitation & Information Statement 2020

Oct 1, 2020

1 October 2020

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Dear Shareholders

Alicanto Minerals Limited - Notice of General Meeting

Alicanto Minerals Limited (ASX:AQI) ( Company ) advises that a General Meeting of the Company ( Meeting ), will be held at Suite 3, Level 3, 24 Outram Street, West Perth, Western Australia on 4 November 2020 at 9.30am (WST).

In accordance with temporary modifications to the Corporations Act 2001 (Cth) ( Corporations Act ) under the Corporations (Coronavirus Economic Response) Determination (No.1) 2020, the Company will not be sending hard copies of the Notice of General Meeting to shareholders ( Notice ). The Notice can be viewed and downloaded from the Company's website at www.alicantominerals.com.au.

With regards to the COVID-19 pandemic, the Company will adhere to all social distancing measures prescribed by government authorities at the Meeting, and shareholders attending the Meeting will need to ensure they comply with the protocols. The health of the Company’s shareholders, employees and other stakeholders is of paramount importance, so we have therefore put in place certain measures including social distancing requirements and limiting non-shareholder visitors.

While the Board would like to host all shareholders in person, in order to minimise the risk to shareholders and to the Company and its ongoing operations, the Company suggests that shareholders do not attend the Meeting in person. Accordingly, the Directors strongly encourage all Shareholders to vote online at https://investor.automic.com.au/#/loginsah or by lodging the proxy form attached to the Notice.

The Board will continue to monitor Australian Government restrictions on public gatherings. If it becomes necessary or appropriate to make alternative arrangements for the Meeting, the Company will notify shareholders accordingly via the Company’s website at www.alicantominerals.com.au and the ASX announcement platform.

The Directors of the Company appreciate the understanding of shareholders under the current circumstances.

For and on behalf of the Board.

Yours faithfully

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Michael Naylor Company Secretary