CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2021

Feb 28, 2021

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ASX Announcement

Aus Tin Mining Limited (ASX: ANW)

1 March 2021

Closing of Successful Placement

The Board of Directors of Aus Tin Mining Limited ( Aus Tin , the Company, ASX:ANW) is pleased to advise that it has received firm commitments from a range of professional and sophisticated investors for the placement of $2 million.

The majority of the funds ($1.5 million) was raised with the assistance of 180 Markets Pty Ltd. 180 Markets is Australia’s newest Capital Raising platform with a difference. The Company has agreed to pay 180 Markets a 6% placement fee for its services.

The Company is in the process of finalising the collection of funds, and the allotment of the shares is scheduled to take place later today or tomorrow.

The $2 million raised will add to the Company’s existing treasury of close to $1 million, and puts it in a strong position to continue with the restoration of the Company’s Balance Sheet and the progression of various initiatives at the Company’s tin projects for the balance of 2021, as outlined in the ASX release of 23 February 2021.

As noted in its market release of 2 February 2021, the Company is also close to finalising the acquisition of the Stage 1 interest in the Ashford Coking Coal Project in northern NSW.

This Announcement has been authorised by the Board of Directors

Karl Schlobohm Company Secretary

Email: info@austinmining.com.au

Electronic copies and more information are available on the Company website: www.austinmining.com.au

For further information contact:

Karl Schlobohm

Company Secretary, Aus Tin Mining Limited Ph: 07 3303 0680

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07-3303 0681