BUXTON RESOURCES LIMITED — Capital/Financing Update 2023

Apr 12, 2023

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13 April 2023

The Manager ASX Limited Company Announcements Office

Share Purchase Plan Cleansing Notice

As announced on 11 April 2023, Buxton Resources Limited (ASX:BUX) (Company) is proposing to offer to existing eligible shareholders the opportunity to purchase up to $30,000 of new fully paid ordinary shares (New Shares) pursuant to a Share Purchase Plan (SPP).

The SPP, which opens tomorrow, 14 April 2023, is being conducted by the Company in accordance with ASIC Corporations (Share Purchase and Interest Plans) Instrument 2019/547 (ASIC SPP Instrument). The Company's SPP papers in relation to the SPP (Offer Papers) will be sent to eligible shareholders tomorrow.

As required by the ASIC SPP Instrument, the Company hereby provides the following information:

1. the Company will make offers to issue New Shares under the SPP without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (Act);

2. this notice is being given to ASX by the Company in accordance with the requirements of the ASIC SPP Instrument;

3. the Company confirms, as at the date of this notice, that the Company has complied with:

   • (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

   • (b) section 674 of the Act; and

4. as at the date of this notice, there is no information that is " excluded information " within the meanings of sections 708A(7) and 708A(8) of the Act as if this notice were a notice under section 708A(5)(e) of the Act.

For further information in relation to the SPP, including certain prescribed information required by the ASIC SPP Instrument, please refer to the Offer Papers.

For and on behalf of the board.

Mr Eamon Hannon Managing Director Buxton Resources Limited

PO Box 661 Suite 1, First Floor T. 08-9380 6063 www.b uxtonre source s.com.au Nedlands WA 6009 14-16 Rowland Street E. info@buxtonresources.com.au Subiaco WA 6008

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For further information, please contact:

Eamon Hannon Managing Director Tel: + 61 407 805 058 ehannon@buxtonresources.com.au

This announcement was authorised for release by:

Sam Wright Company Secretary

PO Box 661 Suite 1, First Floor T. 08-9380 6063 www.b uxtonre source s.com.au Nedlands WA 6009 14-16 Rowland Street E. info@buxtonresources.com.au Subiaco WA 6008