BOA RESOURCES LTD — Capital/Financing Update 2021

Jun 21, 2021

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ASX Announcement 22 June 2021

CLEANSING NOTICE

As announced on 15 June 2021, Boadicea Resources Ltd (ASX: BOA) ( Boadicea or the Company ) is pleased to advise that the Company’s fully underwritten pro rata renounceable rights issue ( Rights Issue ) closed significantly oversubscribed and raised $2,982,995.81 before costs. To accommodate a portion of excess demand, the Company has agreed to undertake a placement to raise an additional $750,000 on the same terms and conditions as the Rights Issue ( Placement ).

The Company has issued 3,125,000 New Shares and 3,125,000 New Options in the Placement using the Company’s existing placement capacity under ASX Listing Rules 7.1 and 7.1A. The New Shares and New Options were issued on 22 June 2021.

The Company hereby gives notice that in accordance with the Corporations Act 2001 (Cth) (the Act ):

• The Company will issue the Shares without disclosure to investors under Part 6D.2 of the Act;

• This notice is being given under section 708A(5)(e) of the Act;

• As at the date of this notice the Company has complied with:

  • The provisions of Chapter 2M of the Act as they apply to the Company; and

  • o Section 674 of the Act; and

• As at the date of this notice, there is no information that is “excluded information” within the meaning of sections 708A(7) and 708A(8) to be disclosed under section 708A(6)(e) of the Act.

This announcement was authorised by the Board of Boadicea Resources Ltd.

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Contact Information: For further information please contact:

Jon Reynolds Managing Director Tel: +61 409 858 053 info@boadicea.net.au www.boadicea.net.au

Boadicea Resources Ltd. ACN 149 582 687 Suite 2, 39A Glenferrie Road. Malvern, Victoria 3144 Australia. Phone: +61 (0)409858053 Fax: +61 3 95723762 E: info@boadicea.net.au