AUSTIN METALS LIMITED — Capital/Financing Update 2026

Feb 26, 2026

ASX:AYT

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27 February 2026

Cleansing Notice

Austin Metals Limited (ASX: AYT) (“Austin” or “the Company”) issued 204,000,000 fully paid ordinary shares (Shares)on 27 February 2026.

The Shares were issued as part of Tranche 2 of the Placement announced on 10 December 2025 following shareholder approval provided at a General Meeting held 23 February 2026.

The Shares are part of a class of securities quoted on the Australian Securities Exchange Limited (ASX).

1. The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act 2001;

2. The Shares were issued without disclosure to the investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act 2001;

3. The Company, as at the date of this notice, has complied with

   • The provisions of Chapter 2M of the Corporations Act 2001; and

   • Section 674 of the Corporations Act 2001.

4. There is no excluded information as at the date of this notice, for the purposes of Sections 708A(7) and (8) of the Corporations Act 2001. Approved by the Board of Directors.

Approved by the Board of Directors.

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Level 3, 88 William Street, +61(8) 9463 2463 info@austinmetals.com.au Perth WA 6000 | PO Box 2570 Perth WA 6001 +61(8) 9463 2499 www.austinmetals.com.au