AUREKA LIMITED — Capital/Financing Update 2020

Jul 21, 2020

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22 July 2020

Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Navarre Minerals Limited (ASX: NML)

Cleansing notice under Section 708A of the Corporations Act

Navarre Minerals Limited ( Navarre ) has today issued 64,000,000 fully paid ordinary shares ( Shares ) via a placement ( Placement ) to qualified sophisticated and professional investors as announced on 14 July 2020.

Navarre gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) that:

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

2. as at the date of this notice, Navarre has complied with:

   • (a) the provisions of Chapter 2M of the Act as they apply to Navarre; and

   • (b) section 674 of the Act; and

3. as at the date of this notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act.

This announcement has been approved for release by the Board of Directors of Navarre Minerals Limited.

By order of the Board:

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Colin Naylor Director & Company Secretary Navarre Minerals Limited

Navarre Minerals Limited | ABN 66 125 140 105 40 - 44 Wimmera Street | PO Box 385 | Stawell VIC 3380 Australia t +61 3 5358 8625

e info@navarre.com.au | w navarre.com.au