ASKARI METALS LIMITED — Capital/Financing Update 2021

Nov 16, 2021

ASX Release 17 November 2021

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Askari Metals Set to Explore for Lithium Pegmatites in Western Australia with the Strategic Pegging of the Red Peak Lithium Pegmatite Project

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** This announcement is authorised by the executive board on behalf of the Company **

Askari Metals Limited ACN 646 034 460 I 17 Lacey Street, Perth WA 6000 I www.askarimetals.com

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** This announcement is authorised by the executive board on behalf of the Company **

Askari Metals Limited ACN 646 034 460 I 17 Lacey Street, Perth WA 6000 I www.askarimetals.com

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Red Peak Lithium Pegmatite Project, Western Australia (Askari Metals - 100%)

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** This announcement is authorised by the executive board on behalf of the Company **

Askari Metals Limited ACN 646 034 460 I 17 Lacey Street, Perth WA 6000 I www.askarimetals.com

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Mt Deverell Lithium Project, Western Australia (Askari Metals - 100%)

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** This announcement is authorised by the executive board on behalf of the Company **

Askari Metals Limited ACN 646 034 460 I 17 Lacey Street, Perth WA 6000 I www.askarimetals.com

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Future Work

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ENDS

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** This announcement is authorised by the executive board on behalf of the Company **

Askari Metals Limited ACN 646 034 460 I 17 Lacey Street, Perth WA 6000 I www.askarimetals.com

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About Askari Metals Limited

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Caution Regarding Forward-Looking Information

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Competent Person Statement

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** This announcement is authorised by the executive board on behalf of the Company **

Askari Metals Limited ACN 646 034 460 I 17 Lacey Street, Perth WA 6000 I www.askarimetals.com