CARNABY RESOURCES LIMITED — Capital/Financing Update 2020

Sep 15, 2020

16 September 2020 Company Announcements Office ASX Limited Level 40 152 – 158 St Georges Terrace PERTH WA 6000

CLEANSING NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT

Further to the ASX announcement on 9 September 2020, Carnaby Resources Limited (the Company ) has issued 8,844,420 fully paid ordinary shares at an issue price of $0.30 per share ( Shares ). The issue of the Shares was undertaken pursuant to the Company’s existing capacity under ASX Listing Rule 7.1.

For the purposes of sections 708A(5)(e) and 708A(6) of the Corporations Act (Cth) ( Corporations Act ), the Company hereby advises that:

1. the Shares have been issued without a disclosure to investors under Part 6D.2 of the Corporations Act;

2. this notice is being given under 708A(5)(e) of the Corporations Act;

3. as at the date of this notice, the Company 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; and

4. as at the date of this notice, the is no information to be disclosed in accordance with section 708A(6)(e) of the Corporations Act that is “excluded information” within the meaning of sections 708A(7) and 708A(8) of the Corporations Act.

Ben Larkin

Company Secretary

+61 8 9320 2320

ASX:CNB ACN: 610 855 064