CLASSIC MINERALS LTD — Capital/Financing Update 2022

Aug 31, 2022

CLASSIC MINERALS LIMITED

71 Furniss Rd, Lansdale Western Australia 6065

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

01 September 2022

ASX Announcement

LOYALTY OPTIONS

The Board of Directors of Classic Minerals Limited (Company) (ASX: CLZ) announces that the Loyalty Options expired on August 25, 2022, and a total of 1,887,932 new shares are to be issued as a result of the entitlement program. For every two (2) new shares that will be issued, one (1) piggy-back option will be granted to participants. The Loyalty Option offer raised $ 94,396.60.

There will be 943,966 Piggyback Options being issued which will have an exercise price of $ 0.10 expiring 01 June 2025. The Piggyback Options will be Unlisted Options.

This announcement has been authorised by the Board

ENDS:

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