BROOKSIDE ENERGY LIMITED — Capital/Financing Update 2021

Apr 7, 2021

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8 April 2021

SECONDARY TRADING NOTICE PURSUANT TO SECTION 708A(5) OF THE CORPORATIONS ACT 2001 (“Act”)

On 8 April 2021, Brookside Energy Limited ( Company ) issued:

• (a) 798,941,407 fully paid ordinary shares in the capital of the Company ( Shares ) pursuant to Tranche 2 of a placement as announced by the Company on 10 February 2021;

• (b) 550,000,021 listed BRKOB options exercisable at $0.011 on or before 30 June 2022 ( Options ) issued as free attaching options to the shares issued under Tranche 1 and Tranche 2 of the placement announced by the Company on 10 February 2021, on the basis of one (1) Option for every two (2) Shares subscribed for and issued;

• (c) 500,000,000 Options to nominees of CPS Capital Group Pty Ltd on the basis set out in the Company’s announcement of 10 February 2021; and

• (d) 125,000,0000 Shares as consideration for the acquisition by the Company of the STACK Play Wells, as announced by the Company on 16 March 2021.

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the on sale of the Shares and Options noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that, as at 8 April 2021:

• (a) The Company issued a total of 923,941,407 Shares and 1,050,000,021 Options without disclosure under Part 6D.2 of the Act;

• (b) The Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) There is no information:

  • (i) That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii) That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • (A) The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B) The rights and liabilities attaching to the Shares and/or the Options.

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Authority:

This announcement has been authorised for release by the Board of Directors of Brookside Energy Limited

For further information, contact:

David Prentice Managing Director Brookside Energy Limited Tel: (+61 8) 6489 1600 david@brookside-energy.com.au