AURUM RESOURCES LIMITED — Capital/Financing Update 2021

Oct 28, 2021

AURUM RESOURCES LIMITED ACN 650 477 286

STATEMENT OF CONFIRMATIONS

Aurum Resources Limited (ACN 650 477 286) ( Company ) provides the following confirmations to satisfy conditions for the admission of the Company’s securities to quotation on ASX.

Capitalised terms set out in this announcement have the same meaning as set out in the Prospectus.

Satisfaction of conditions to the Offer

The Company confirms that:

• (a) completion has occurred under the Acquisition Agreement;

• (b) the Company has raised above the Minimum Subscription under the Offer; and

• (c) the Company has received conditional approval for admission from ASX,

satisfying the conditions to the Offer.

Completion of the Offer

The Company confirms that the Offer under the Company’s prospectus dated 23 August 2021 ( Prospectus ) has been completed and the Company has issued 25,000,000 Shares under the Offer to raise $5,000,000.

Completion of Acquisition

The Company confirms that the conditions precedent to the Acquisition Agreement have been satisfied and the Company has completed the issue of 4,999,999 Shares and the payment of $200,000 to Aldoro Resources Limited pursuant to the Acquisition Agreement.

The Company confirms that the Acquisition has been completed.

Consent to transfer of tenements

The Company confirms it has received the consent of Legend Resources Pty Ltd for the transfer of E 57/1045 under the Acquisition Agreement. The Company further confirms that Joseph Paul Legendre has removed the caveat over E 57/1048-I and as such his consent was not required to transfer E 57/1048-I under the Acquisition Agreement.

Completion of issue of Options

The Company has completed the issue of 2,800,000 Lead Manager Options to the Lead Manager or its nominees.

Exploration Activities

The Company confirms there are no legal, regulatory, statutory or contractual impediments to the Company entering and carrying out exploration activities on E 57/1045, E 57/1048-I and E 16/489 and carrying out exploration activities such that the Company will be able to spend its cash in accordance with its commitments for the purposes of Listing Rule 1.3.2(b).

Suite 2, Level 1 1 Altona Street WEST PERTH WA 6005

CAPITAL STRUCTURE

Set out below is the Company's capital structure from the date of listing:

Security	Number
Shares	30,000,000
Options1	2,800,000

Notes :

1. Exercisable at $0.225 on or before 21 October 2026.

RESTRICTED SECURITIES

The following securities are subject to ASX imposed escrow:

Securi	ty	Number	Restricti	on Period
Shares		5,000,000	Expiring 24 months from the date of quotation
Options1		2,800,000	Expiring 24 months from the date of quotation

Notes :

1. Exercisable at $0.225 on or before 21 October 2026.

For further information, please contact:

Mauro Piccini Company Secretary + 61 8 6559 1792 contact@aurumres.com.au

Authorised for release by the board of Aurum Resources Limited