CLASSIC MINERALS LTD — Capital/Financing Update 2023

Feb 2, 2023

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

3 February 2023

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 3 February 2023 :

• i. 32,679,738 fully paid ordinary shares at a deemed issue price of $ 0.00765 per share,

• ii. 5,555,555 fully paid ordinary shares at a deemed issue price of $ 0.00900 per share,

• iii. 1,250,000 fully paid ordinary shares at a deemed issue price of $ 0.00800 per share,

• iv. 54,274,085 fully paid ordinary shares at a deemed issue price of $ 0.00737 per share

• v. 13,661,202 fully paid ordinary shares at a deemed issue price of $ 0.00732 per share

• vi. 33,967,644 CLZUOPT25 Options for nil consideration under the terms of Convertible Note. And

• vii. 212,003,617 fully paid ordinary shares under the terms of LDA Capital call notice announced on 3 Feb 2023.

(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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