ASARA RESOURCES LIMITED — Share Issue/Capital Change 2020

Aug 19, 2020

ASX/Media Announcement

20 August 2020

Issue of Cleansing Notice under section 708A Corporations Act

Golden Rim Resources Ltd (ASX: GMR, Golden Rim or Company ) today issued:

1. 33,572,316 fully paid ordinary shares in the capital of the Company ( Shares ) at an issue price of $0.01246 per for an exclusivity fee under the Heads of Agreement announced 27 July 2020 Share; and

2. 488,752 Shares for shares at an issue price of $0.0143 under the Company’s Director and Employee Remuneration Share Plan.

The Shares are part of a class of securities quoted on the ASX. The Shares were issued without disclosure to the investor under Part 6D.2, in reliance on section 708A(5) of the Corporations Act 2001 (Cth) ( Corporations Act ).

As required by section 708A(5) of the Corporations Act, the Company advises:

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

2. this notice is given pursuant to paragraph 5(e) of section 708A of the Corporations Act;

3. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act; and

4. as at the date of this notice there is no information, there is no information that is ‘excluded information’ (within the meaning of sections 708A(7) and 708A(8) of the Corporations Act) to be disclosed under section 708A(6)(e) of the Corporations Act.

-ENDS-

For further information, visit www.goldenrim.com.au or please contact:

Golden Rim Resources Craig Mackay Managing Director Golden Rim Resources +61 3 9836 4146 craig@goldenrim.com.au

This ASX Announcement was authorized for release by the Company Secretary of Golden Rim Resources Ltd.

Golden Rim Resources Ltd I ABN 39 006 710 774 I Office 7, Level 2, 609 Canterbury Road, Surrey Hills, VIC 3127, Australia www.goldenrim.com.au I info@goldenrim.com.au I T + 61 3 9836 4146

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