CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2021

Jan 28, 2021

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ASX Announcement

Aus Tin Mining Limited (ASX: ANW)

29 January 2021

Placement of Rights Issue Shortfall

Further to its market release of 4 November 2020, 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 the entire shortfall arising under the Company’s 2020 Rights Issue of $1,801,790.

The shortfall has been fully placed for cash, with the assistance of 180 Markets Pty Ltd and Pacway Capital Pty Ltd. 180 Markets is Australia’s newest Capital Raising platform with a difference. Pacway Capital is a Melbourne based boutique investment and banking firm specializing in Australia’s mining sector. The Company has agreed to pay each firm a 6% placement fee for their services, based on the respective amounts raised by each.

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.

The Company is due to convene its 2020 AGM later this morning, and the Board expects to provide a further project and corporate update next week, subject to all resolutions being passed at the AGM, specifically including the resolutions dealing with the terms for the acquisition of the Ashford and Mackenzie coking coal project interests.

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