ANSON RESOURCES LIMITED — Capital/Financing Update 2023

Jun 18, 2023

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EXPIRY OF LISTED OPTIONS ON 31 JULY 2023 – ASNOD

19 June 2023

Dear Option Holder,

You are the registered holder of the listed options ASNOD (Exercise Price of A$0.20 per Option) in Anson Resources Limited ( ASN ).

There is no obligation upon Option holders to exercise their Options. The courses of action available to you as a holder of these Options are:

(a) Exercise your Options:

If you wish to exercise your Options, you must complete the “Notice of Exercise of Options” (Notice of Exercise) Form accompanying this letter and provide the completed Notice of Exercise together with proof of payment of $0.20 per Option being exercised in accordance with the instruction set out in the Notice of Exercise. Your completed Notice and payment (in cleared funds) must be received by no later than 5:00pm (WST) on 31 July 2023 (Expiry Date). Instructions regarding methods of payment are included in the Notice of Exercise.

(b) Sell your Options:

Please note that official quotation of the Options on ASX will cease at close of trading on Tuesday, 25 July 2023, being four business days before the Expiry Date.

(c) Do nothing and allow your Options to expire:

If you do not exercise or sell your Options in the manner described above, they will expire at 5:00pm (WST) on the Expiry Date and your right to subscribe for fully paid ordinary shares in the capital of the Company (Shares) at $0.20 per Share will lapse.

In accordance with clause 5.2 of Appendix 6A of the ASX Listing Rules, the Company provides the following information:

1. The name of the option holder is contained on the enclosed personalised ‘Application for Shares upon Exercise of Options’.

2. The number of Options held, and the number of fully paid ordinary shares in the Company to be issued on the conversion of the Options is contained in the enclosed personalised ‘Application for Shares upon Exercise of Options’ for the option holder.

3. These options entitle you to acquire one fully paid ordinary share in the capital of ASN for each option you choose to exercise.

4. The exercise price of these options is 20 cents each (A$0.20).

5. The due date for payment is 5.00pm WST on 31 July 2023 (due date).

Anson Resources Ltd ABN: 46 136 636 005 ASX: ASN, ASNOC, ASNOD OTC: ANSNF

Australian Registered Office Level 3,10 Eagle Sttreet BRISBANE QLD 4000 T: + 61 7 3132 7990

E: info@ansonresources.com

www.ansonresources.com

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1. There is no obligation upon the holder to exercise their options, however, if payment is not received by the due date the options will lapse and all rights under the options will cease at that time.

2. The options will cease to be quoted on ASX from close of trading on 25 July 2023.

3. The market price of ordinary fully paid shares in ASN on the Australian Securities Exchange (ASX) was A$0.165 on 16 June 2023, being the last trading day in ASN prior to the date of this letter.

4. During the three months preceding the date of this notice the highest market price of ordinary fully paid shares in ASN on ASX was A$0.225 on 6, 15 & 17 March 2023 and 12 May 2023, and the lowest market price was A$0.165 on 24 March, 4 to 6 April, 11 April, 24 April, 26 & 27 April and 16 June 2023.

5. The board confirms that there is no underwriting agreement in place for the exercise of the Options.

If you have any questions regarding the exercise of your options, please contact Advanced Share Registry on +61 8 9389 8033.

Yours sincerely,

Anson Resources Limited

Nicholas Ong Company Secretary

About Anson Resources Ltd

Anson Resources (ASX: ASN) is an ASX-listed junior mineral resources company with a portfolio of minerals projects in key demand-driven commodities. Its core asset is the Paradox Lithium Project in Utah, in the USA. Anson is focused on developing the Paradox Project into a significant lithium producing operation. The Company’s goal is to create long-term shareholder value through the discovery, acquisition and development of natural resources that meet the demand of tomorrow’s new energy and technology markets.

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www.ansonresources.com