AUSTIN METALS LIMITED — Capital/Financing Update 2022

Jan 23, 2022

Market Announcement

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24 January 2022

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Austin Metals Limited (ASX: AYT) – Trading Halt

Description

The securities of Austin Metals Limited (‘AYT’) will be placed in trading halt at the request of AYT, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 27 January 2022 or when the announcement is released to the market.

Issued by

Angel He

Adviser, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

24 January 2022 ASX Limited

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24 January 2022

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

Attention: Trading Halts Sydney By email: tradinghaltssydney@asx.com.au

REQUEST FOR TRADING HALT

Austin Metals Limited (ASX: AYT , “ Austin Metals ”, “the Company ”) requests a trading halt of its securities pursuant to ASX Listing Rule 17.1 in connection with a capital raising to be undertaken by the Company.

The Company requests that the trading halt be effective immediately and remain in place until the earlier of the commencement of normal trading on Thursday 27 January 2022, or the release of an announcement in respect to the capital raising.

The Company is not aware of any reason why the trading halt should not be granted.

This announcement has been authorised by the Board of Directors of Austin Metals Limited.

-ENDS-

Contact details

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

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Suite 9,330 Churchill Avenue, +61(8) 6489 1600 info@austinmetals.com.au Subiaco WA 6008 | PO Box 866 Subiaco WA 6904 +61(8) 6489 1601 www.austinmetals.com.au