BALLYMORE RESOURCES LIMITED — Capital/Financing Update 2021

Oct 31, 2021

ASX Announcement

1 November 2021

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Release of Securities from ASX Escrow

ASX CODE: BMR

BOARD

Nick Jorss Chairman

David A-Izzeddin Technical Director

Andrew Gilbert Director – Operations

HEAD OFFICE

Suite 606 Level 6 10 Market St Brisbane QLD 4000

+617 3212 6299 ballymoreresources.com

Ballymore Resources Limited (“Ballymore” or “the Company”) advises that in accordance with ASX Listing Rule 3.10A, the following unquoted options will be released from any ASX escrow restrictions effective 8 November 2021:

No. Options Class of Options 2,040,000 Unquoted Options exercisable at $0.225 on or before 30-Jun-24

The Company confirms that ASX and/or voluntary escrow provisions continue to apply to the following securities:

No. Securities	Class of Securities	Restriction period ends
49,879,808	Fully paid ordinary shares	ASX Escrow to 3-Sep-23
2,958,000	Unquoted Options ($0.25 @ 30-Jun-24)	ASX Escrow 3-Sep-23
28,858,080	Fully paid ordinary shares	Voluntary Escrow to 28-Feb-22

End

About Ballymore Resources

Ballymore Resources Limited is a minerals exploration company committed to the acquisition, identification, and delineation of new resource projects through active exploration. The Ballymore portfolio is focussed on copper and gold projects, with substantial tenement packages in north Queensland. Ballymore has three project areas at Dittmer, Ruddygore and Ravenswood. These consist of two granted Mining Leases (MLs), eleven granted Exploration Permits for Minerals (EPMs) and an EPM application covering an area of 1,355 km[2] .

Approved by the Board of Ballymore Resources Limited.

For further information:

Duncan Cornish Company Secretary investors@ballymoreres.com

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