AVIRA RESOURCES LTD — Capital/Financing Update 2022

Jun 21, 2022

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22 June 2022

The Manager Market Announcements Office Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000

ADDENDUM TO ANNOUNCEMENT OF PRIORITY OPTIONS OFFER

Avira provides the following amended announcement, with the correct final quotation day for the options being 4 July 2022 noted in paragraph 1.

Avira Resources Limited (ASX:AVW) ( Avira or the Company ) advises that listed options (“AVWO”) with an exercise price of $0.01 are scheduled to expire at 5.00pm WST on 10 July 2022 (Expiry Date). There is no obligation upon option holders to exercise their options, however if payment is not received by the Expiry Date the options will lapse and all rights under the options will cease at that time. Official quotation of the options on the ASX will cease at close of trading on 4 July 2022, being four business days prior to the Expiry Date.

Holders of options can exercise all or part of their options by applying for shares prior to the Expiry Date upon providing the Company with a validly completed exercise of options form specifying the number of options being exercised and payment of funds equal to the total exercise price for the options exercised.

Priority Options Offer

The Company is pleased to announce that, subject to shareholder approval to be sought at an upcoming general meeting of the Company, it intends to conduct an offer of a new class of options at an issue price of $0.0002 with an exercise price of $0.008 per option expiring on 31 December 2024 ( Priority Offer ). The issue of 968,710,000 Priority Offer options at $0.0002 is expected to raise $193,742 (before costs). All registered AVWO holders on the record date of 6 July 2022 with a registered address in Australia and New Zealand will be eligible to participate in the Priority Offer on a 1 for 1 basis with their AVWO holding. The Company will apply for quotation of the options.

The Directors of Avira intend to apply for their full allocation under the Priority Offer. This is on the same terms and conditions as the Priority Offer and will be subject to shareholder approval at the upcoming general meeting. A copy of the letter was sent to all registered AVWO holders on 3 June 2022.

For, and on behalf of, the Board of the Company, and authorised for release David Deloub Executive Director Avira Resources Limited

Shareholders and other interested parties can speak to Mr Sonu Cheema if they have any queries in relation to this announcement: +618 6489 1600.

Avira Resources Limited Suite 9, Level 2, 330 Churchill Avenue Subiaco WA 6008 Australia T: 61 8 6489 1600 F: 61 8 6489 1601 www.aviraresourcesltd.com.au

ABN: 38 131 715 645