CLASSIC MINERALS LTD — Capital/Financing Update 2021

Sep 22, 2021

CLASSIC MINERALS LIMITED

71 Furniss Rd, Landsdale Western Australia 6065

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ASX: CLZ | ABN 77 119 484 016 contact@classicminerals.com.au

23 Sept 2021

Section 708A Cleansing Statement

This notice is given by Classic Minerals Limited (Company) under Section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act).

The Company hereby confirms that:

• (a) the Company has issued on 22 Sept 2021 :

  • a. 2,349,720,000 fully paid ordinary shares at a deemed issue price of $ 0.0010 per share.

• (b) the Company has issued on 22 Sept 2021 :

  • a. 500,000,000 fully paid ordinary shares at a deemed issue price of $ 0.00085 per share.

• (c) the Company has issued on 22 Sept 2021 :

  • a. 36,000,000 CLZOA Options at a deemed issue price of $ 0.000001 per Option.

(b) the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

(c) As a disclosing entity the company is subject to regular reporting and disclosure obligations;

(d) as at the date of this notice the Company has complied with:

(i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

(ii) section 674 of the Corporations Act as it applies to the Company; and

(e) as at the date of this notice, there is no excluded information of the type referred to in Sections 708A(7) and 708A(8) of the Corporations Act.

Yours Sincerely,

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Madhukar Bhalla

Company Secretary

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