ASKARI METALS LIMITED — Capital/Financing Update 2021

Aug 15, 2021

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ASX Release 16 August 2021

FIRST PHASE DRILLING PROGRAM COMPLETED AT BURRACOPPIN GOLD 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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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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ASX Compliance

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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