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CHALLENGER GOLD LIMITED Capital/Financing Update 2021

Dec 1, 2021

64637_rns_2021-12-01_8989d3d4-6809-4991-8e7b-b32d0ec19d04.pdf

Capital/Financing Update

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2 December 2021

The Manager Company Announcements Office Australian Securities Exchange Limited Level 40, Central Park 152 – 158 St Georges Terrace PERTH WA 6000

Via e-lodgment

RE: NOTICE UNDER SECTION 708A

The Board of Challenger Exploration Limited (the Company) issued 4,000,000 ordinary shares without disclosure to investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act. The securities are part of a class of securities quoted on the Australian Securities Exchange Limited (ASX).

The Company gives this notice pursuant to Section 708A(5) of the Corporations Act.

The Company as at the date of the notice has complied with:

a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and b) section 674 of the Corporations Act.

The Company is not aware of any excluded information for the purposes of Section 708A (7) and (8) of the Corporations Act.

An Appendix 2A relating to these issues has been announced.

Yours faithfully

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Scott Funston Company Secretary +61 413 867 600 [email protected]

ASX: CEL

Issued Capital 974.4m shares

49.0m 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

Challenger Exploration Limited ACN 123 591 382

T: +61 8 6380 9235 E: [email protected]

www.challengerex.com