BOSS ENERGY LTD — Capital/Financing Update 2021

Sep 15, 2021

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----- Start of picture text ----- ASX Release 16 September 2021----- End of picture text -----

Boss appoints key EPC contractor for re-start of Honeymoon uranium project

Plus, front-end engineering work scheduled for completion in March quarter, 2022 ahead of Final Investment Decision

Boss Energy Limited (ASX: BOE; OTCQB: BQSSF) is pleased to advise that it has taken another key step in its strategy to re-start production at its mothballed Honeymoon uranium project in South Australia with the appointment of the EPC contractor for the electrical, instrumentation and control system.

The contract was awarded to Process E&I Pty Ltd, which will provide end-to-end design and implementation in these three key areas.

With global experience in delivering quality engineering solutions, Process E&I Pty Ltd will lead the instrumentation controls and electrical engineering and provide back-office EPC services such as Owners’ Team integration, data management and document control.

Process E&I will also meet Honeymoon’s commissioning requirements, both in systems and personnel. This includes equipment tendering, procurement and evaluation services.

Boss is also pleased to announce that it has made the following personnel appointments as part of the front-end engineering and design (FEED) process:

• Power infrastructure engineer;

• Structural and tankage design engineer;

• In-house structural, mechanical and piping designer;

• In-house pump and piping engineer.

These appointments will assist in finalising key aspects of the design and final equipment selection leading into a Final Investment Decision (FID).

Boss Chief Executive Officer Duncan Craib said the company was advancing multiple work streams in parallel to minimise the lead time between FID and the start of production.

“We are making project preparations on several fronts to ensure we can capitalise on the rapidly turning uranium market at the moment of our choosing,” Mr Craib said.

“We are already the most advanced of all the non-producing Australian uranium projects, with a production plant and key infrastructure in place.

FOR FURTHER INFORMATION PLEASE CONTACT:

Boss Energy Limited ABN 38 116 834 336

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Duncan Craib - Managing Director/ CEO +61 (08) 6263 4494 Paul Armstrong – Public Relations +61 (08) 9388 1474

ASX: BOE; OTCQB: BQSSF www.bossenergy.com

Suite 3, Churchill Court 234 Churchill Avenue Subiaco WA 6008

@Boss_Energy

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“By making these preparations now, we are ensuring Boss is on track to be Australia’s next uranium producer.”

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Figure 1: Boss’ Honeymoon Uranium Project in South Australia, 80km north-west of Broken Hill.

This ASX announcement was approved and authorised by the Board of Boss Energy Limited.

For further information, contact: For media enquiries, contact: Duncan Craib Paul Armstrong Chief Executive Officer Read Corporate P: +61 (8) 6263 4494 P: +61 (8) 9388 1474 E: boss@bossenergy.com E: info@readcorporate.com

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www.bossenergy.com

@Boss_Energy

ASX: BOE; OTCQB: BQSSF