CAULDRON ENERGY LIMITED — Capital/Financing Update 2020

Mar 24, 2020

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25 March 2020

Cauldron Energy Ltd

ABN

Cleansing Notice under Section 708A of the Corporations Act 2001(Cth)

This notice is given by Cauldron Energy Limited ( Cauldron or the Company (ASX: CXU) under section 708A(5)(e) of the Corporations Act 2001( Cth ) ( the Act ).

The Company hereby confirms that:

• (a) on 24 March 2020 it issued a total of 33,333,332 fully paid ordinary shares in the Company as outlined in the Company's announcement of same date.

• (b) the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

22 102 912 783

Address

Ground Floor, 20 Kings Park Road WEST PERTH WA 6005

PO BOX 1024 West Leederville WA 6007

ASX Code

CXU

Securities on Issue

329,289,708 shares

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

• (d) as at the date of this notice, the Company has complied with:

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

  • ii) Section 674 of the Act; and

• (e) as at the date of this Notice, there is no excluded information, within the meanings of section 708A(7) and 708A(8) of the Act.

The above Cleansing Notice has been authorised for release to market by Executive Director Jess Oram.

Board of Directors

Simon Youds Non-Executive Chairman

Jess Oram Executive Director & Chief Executive Officer

Qiu Derong Non-executive Director

Yours sincerely

Judy Li Non-executive Director

CAULDRON ENERGY LIMITED

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Chenchong Zhou Non-executive Director

Michael Fry Company Secretary

MICHAEL FRY

COMPANY SECRETARY

For further information please contact:

Jess Oram Michael Fry Chief Executive Officer Company Secretary Cauldron Energy Limited Cauldron Energy Limited T: (08) 6462 1421 T: (08) 6462 1421 M: +61 448 110 009 M: +61 417 996 454 jess.oram@cauldronenergy.com.au michael.fry@cauldronenergy.com.au

20 Kings Park Road, West Perth WA 6005 | PO Box 1024 West Leederville WA 6901 | PHONE +61 8 6462 1421 | FAX +61 8 63233347 www.cauldronenergy.com.au