CHALLENGER GOLD LIMITED — AGM Information 2021

Oct 26, 2021

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26 October 2021

Dear Shareholder

NOTICE OF ANNUAL GENERAL MEETING

Challenger Exploration Limited (ASX: CEL ) ( Challenger or the Company ) advises that it will be holding its Annual General Meeting ( AGM ) of the Company on Friday 26 November 2021 at 11.00am (AEDT) at Level 8, 2 Bligh Street, Sydney, New South Wales.

The Company and the Board are aware of the current circumstances resulting from COVID-19 and the impact it is having, and is likely to continue to have, on physical meetings. Accordingly, the Board has made the decision that it will hold a physical Meeting with the appropriate social gathering and physical distancing measures in place to comply with the State and Federal Government’s current restrictions for physical gatherings. All shareholders will have the opportunity and are encouraged to join the meeting and register in advance with Zoom via the following link:

- https://us06web.zoom.us/meeting/register/tZUld ysrD8uEtO5jcW_PyYnDSUWubPg_jMM

After registering, you will receive a confirmation email containing information about joining the meeting.

In accordance with the Corporations Act 2001 (Cth) as amended by the Treasury Laws Amendment (2021 Measures No. 1) Act 2001 (Cth), the Company will not, unless requested, be dispatching physical copies of the Notice of Annual General Meeting, accompanying Explanatory Statement and Schedules (Notice of Meeting).

You will be able to view and download the Notice of Meeting online from the Company website, and specifically the announcements page at: https://challengerex.com/investor-centre/#notice-of-meeting

If you have not elected to receive notices by email, a copy of your personalised proxy form is enclosed for your convenience. Shareholders are encouraged to complete and lodge their proxies online or otherwise in accordance with the instructions set out in the proxy form and the Notice of Meeting.

Your proxy voting instruction must be received not less than 48 hours before the commencement of the AGM. Any proxy voting instructions received after that time will not be valid for the AGM.

The Notice of Meeting is important and should be read in its entirety. If you are in doubt as to the course of action you should follow, you should consult your financial adviser, lawyer, accountant, or other professional adviser. If you have any difficulties obtaining a copy of the Notice of Meeting, please contact Automic Share Registry on 1300 288 664.

The Company will update shareholders if changing circumstances will impact the planning or arrangements for the AGM by way of announcement on the ASX and details will be made available on our website at www.challengerex.com.

On behalf of the Board.

Scott Funston Director and Company Secretary Challenger Exploration Limited

Challenger Exploration Limited ACN 123 591 382

ASX: CEL Website: www.challengerex.com

Issued Capital 973.8m shares 49.6m options 120m perf shares 16m perf rights

Australian Registered Office Level 1 1205 Hay Street

West Perth WA 6005

Directors

Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman

Contact

T: +61 8 6380 9235 E: admin@challengerex.com

www.challengerex.com