AUSTIN METALS LIMITED — Capital/Financing Update 2021

Sep 15, 2021

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16 September 2021

Listings Compliance (Sydney) ASX Compliance Pty Ltd 20 Bridge Street Sydney NSW 2000

CLEANSING NOTICE UNDER SECTION 708A THE CORPORATIONS ACT 2001 (CTH)

Silver City Minerals Limited ( Silver City or the Company ) ( ASX:SCI ), has issued the following fully paid ordinary shares ( FPO ) in the Company.

• 3,382,500 fully paid ordinary shares were issued upon the exercise of unlisted options exercisable at $0.02 each on or before 31 October 2022.

The Corporations Act 2001 (“Act”) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the issue of the Shares will fall within the exemption in section 708A(5) of the Act. Pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Corporations Act”), the Company gives notice that:

a) the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and

b) 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

c) as at the date of this notice there is no information:

• i. that has been excluded from a continuous disclosure notice in accordance with the Listing Rules; and ii. that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

  • a. The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

  • b. The rights and liabilities attaching to the Shares.

For the purpose of ASX Listing Rule 15.5, the Board has authorised for this announcement to be released.

-ENDS-

Contact details

Sonu Cheema (Director and Company Secretary) Ph: +61 (8) 6489 1600 Fax: +61 (8) 6489 1601 Email: reception@cicerogroup.com.au

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 Ι PO Box 866, Subiaco WA 6904 P + 61 8 6489 1600 Ι F + 61 8 6489 1601 Ι E www.silvercityminerals.com.au Ι ABN 68 130 933 309