CANTERBURY RESOURCES LIMITED — Capital/Financing Update 2021

Aug 19, 2021

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- ASX ANNOUNCEMENT SECTION 708A NOTICE

20 August 2021

This notice is given by Canterbury Resources Limited (“Company”) under Section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Corporations Act”).

The Company hereby confirms that:

• (a) it has today issued 8,333,333 fully paid ordinary shares at an issue price of $0.12 per share to African Energy Resources Limited (ASX:AFR), and 3,000,000 options with an exercise price of $0.24 expiring on 31 December 2023 pursuant to the Option, Earn-In and Joint Venture Terms-Sheet dated 17 August 2021;

• (b) the shares referred to in paragraph (a) above were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (c) the Company is providing this notice under paragraph 5(e) of Section 708A of the Corporations Act;

• (d) as at the date of this notice the Company, as a disclosing entity under the Corporations Act, has complied with:

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

  • (ii) Section 674 of the Corporations Act as it applies to the Company; and

  • (iii) as at the date of this announcement, there is no excluded information of the type referred to in Sections 708A(7) and 708A(8) of the Corporations Act.

Authorised by the Board

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Veronique Morgan-Smith Company Secretary

ABOUT CANTERBURY RESOURCES LIMITED

Canterbury Resources Limited (ASX: CBY) (“Canterbury” or the “Company”) is an ASX-listed resource company focused on creating shareholder wealth by generating and exploring porphyry related copper-gold projects in the southwest Pacific. It has a strong portfolio of projects in Australia and Papua New Guinea that provide potential for the discovery and/or delineation of large-scale copper (± gold, ± molybdenum) resources. The Company is managed by an experienced team of resource professionals who have a strong track record of exploration success and mine development in the region. It’s portfolio includes multiple projects that are at the advanced exploration phase, with Mineral Resources estimated at three deposits (Idzan Creek, Wamum Creek and Briggs), containing a combined 3.2Moz gold and 1.2Mt copper.

Canterbury Resources Limited Suite 301, 55 Miller Street, Pyrmont NSW 2009

ACN 152 189 369 – ASX: CBY www.canterburyresources.com.au