BULLETIN RESOURCES LIMITED — Capital/Financing Update 2021

Mar 21, 2021

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22 March 2021

ASX RELEASE

Bulletin Expands Lake Rebecca Gold Project

Highlights

• Bulletin has been granted two new tenements in the Lake Rebecca area

• The new tenements have an area of 285km[2]

• Chifley, E28/3002 is a new highly prospective tenement near Breaker Resources 1Moz Au Lake Roe deposit

• E28/2977 is the southernmost tenement of Bulletin’s Lake Rebecca Project

Chairman

Paul Poli

Non- Executive Directors

Frank Sibbel

Robert Martin

Daniel Prior

• The entirety of Bulletin’s Lake Rebecca Project area of 575km[2] is now available for on-ground exploration

Company Secretary

Andrew Chapman

Issued Capital

179.29 million shares

30.5 million options

Top Shareholders

Goldfire Enterprises 26.0% Matsa Resources Ltd 20.7%

Market Capitalisation

$12.91 million @ 7.2 cents

Bulletin Resources Limited

Suite 11, 139 Newcastle Street, Perth, WA 6000 I PO Box 376 Northbridge WA 6865 I phone (08) 9230 3585 www.bulletinresources.com

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Bulletin Resources Limited (“Bulletin”, “BNR”) is pleased to announce that the Western Australian Department of Mines Industry Regulation and Safety (DMIRS) has granted two new key tenements, E28/2977 and E28/3002 totalling 285km[2] in area (Figure 1).

Importantly, the grant of E28/2977 in the southern portion of the project means the entire 575km[2] Lake Rebecca gold project is now available for on-ground exploration. The newly granted tenement was pegged to secure ground over southern extensions of a prospective granodiorite/gneissic corridor ( refer ASX BNR announcement dated 2 April 2020 ). Several geological and geophysical targets on the tenement were identified in Bulletin’s project wide review and these areas will be progressively explored along with extensions to gold trends recently found in the Rebecca Complex to the north (Figure 2).

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Figure 1: Bulletin project locations on magnetic background.

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Figure 2: Target areas and geology of the Lake Rebecca gold project

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The Chifley project, E28/3002 is a 79km[2] exploration tenement that is prospective for gold. It is approximately 50km to the south of Lake Rebecca and on a northwest trending splay of the Claypan Fault. The Claypan Fault is a major north-south structure that hosts the nearby 1Moz Lake Roe gold deposit owned by Breaker Resources NL (ASX: “BRB”) 20 kilometres to the northwest. Magnetic imagery of the tenement suggests the area is dominated by a band of mafic-ultramafic greenstone on the northern flank of a large granitoid pluton (Figure 3). The area has seen no modern exploration. Bulletin will commence exploration works including soil sampling over the interpreted greenstone unit as a priority.

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Figure 3: E28/3002 Interpreted geology and target greenstone unit

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Background

Lake Rebecca comprises five granted Exploration Licences over a 575km[2] area. The two northern tenements of E28/2600 and E28/2635, totalling 170km[2] are held in JV with Matsa Gold Pty Ltd (BNR 80%: MAT 20%). It is located approximately 150km east north-east of Kalgoorlie, WA. The project is located in the southern part of the Laverton Tectonic Zone, a regional scale shear/fault system that is one of the more productive gold zones in the WA Goldfields; hosting the Sunrise Dam, Wallaby, Red October and Granny Smith gold camps. The tenements are adjacent to, and along strike of AOP’s Rebecca Gold project.

This ASX report is authorised for release by the Board of Bulletin Resources Limited.

For further information, please contact: Paul Poli, Chairman Phone : +61 8 9230 3585

Competent Persons Statement

The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mark Csar, who is a Fellow of The AusIMM. The exploration information in this report is an accurate representation of the available data and studies. Mark Csar is a full-time employee of Bulletin Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mark Csar consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.