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CHALLENGER GOLD LIMITED Capital/Financing Update 2021

Sep 8, 2021

64637_rns_2021-09-08_26016974-067f-4be0-bb9e-7861856ac13a.pdf

Capital/Financing Update

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9 September 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 128,097,317 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]

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

Issued Capital Australian Registered Office 971.4m shares Level 1 51.9m options 1205 Hay Street 120m perf shares West Perth WA 6005 16m perf rights

Directors

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

Contact

E: [email protected]

T: +61 8 6380 9235

www.challengerex.com