ARDEA RESOURCES LIMITED — Capital/Financing Update 2023

Dec 6, 2023

ABN: 30 614 289 342

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Registered and Business Office Suite 2, 45 Ord Street West Perth WA 6005 Australia Tel: +61 8 6244 5136 Email: ardea@ardearesources.com.au

7 December 2023

Company Announcements Australian Securities Exchange Level 40 Central Park 152 - 158 St Georges Terrace Perth WA 6000

By Electronic Lodgment

CLEANSING NOTICE

Dear Sir/Madam

Following Shareholder Approval at the AGM held on 24 November 2023, where Shareholders approved the issue of new shares to the Board of Directors on the same terms and conditions as those per the ASX announcement on 23 August 2023, Ardea Resources Limited (ASX: ARL) ( Ardea or the Company ) has issued 90,000 fully paid ordinary shares at an offer price of $0.70 per share to the Directors (the Directors’ Placement Shares ). The Directors’ Placement was undertaken following Shareholder approval.

Ardea has issued the Directors' Placement Shares without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Corporations Act ).

With reference to the shares issued, in accordance with section 708A(6) of the Corporations Act, the Company gives notice under paragraph 708A(5)(e) that:

1. The Directors' Placement Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. As at the date of this notice:

   • a) the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company;

   • b) the Company has complied with section 674 and 674A of the Corporations Act; and

c) there is no excluded information within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed under section 708A(6)(e) of the Corporations Act.

For and on behalf of the Board By order of the Board

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Sam Middlemas Company Secretary