CONICO LTD — Board/Management Information 2022

May 31, 2022

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1 June 2022

BOARD AND MANAGEMENT RESTRUCTURE

Board Appointment

Conico Ltd (“ Conico ” (“CNJ” or “the Company”) is pleased to advise that Thomas Abraham James has retired from his role as Chief Executive Officer of Longland Resources Ltd (a owned subsidiary of Conico) and been appointed as a Non-Executive Director of Conico effective immediately. Thomas will also be engaged in ongoing promotion of the Company’s activities in addition to monitoring field activities in Greenland alongside Executive Director Guy Le Page. Thomas is a geologist with multi-commodity experience including eight field seasons in Greenland including the last two field seasons at Ryberg and Mestersvig.

Exploration Manager Appointment

The board also wishes to advise that Mr Thomas Sant, B.App.Geol, FGS, CGeol, EurGeol, a Manchester (UK) based geologist, has been appointed Exploration Manager of Longland Resources and will be responsible for the supervision and implementation of exploration at the Company’s Ryberg and Mestersvig projects in Greenland.

Thomas is a mineral exploration specialist focusing on management, target generation, property reviews, geochemical surveys, data compilation, and reporting. He holds a Bachelor of Applied Geology from Leicester University (United Kingdom) and has over 25 years international experience.

Greenland Field Season Update

Conico is also pleased to advise that the field crew is ready to depart Iceland by vessel bound for the Ryberg Project with field activities due to commence next week. It is proposed that Initial activities will include helicopter borne site visits to newly identified targets from the regional magnetic survey from late 2021 which identified a number of anomalies of interest including Pyramiden, Quest and Qiterpiaaneq that will be followed up with reconnaissance mapping and sampling. The Company will also provide updates shortly on the commencement of drilling at key prospects including Miki Fjord (nickel, copper, cobalt, gold, PGM’s), Cascata (gold, PGM’s) and Sortekap (gold, nickel, cobalt).

For and on behalf of the board,

Guy T Le Page, FFIN, MAusIMM Director

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Conico Ltd ABN 49 119 057 457 Level 15, 197 St George’s Terrace Perth, WA 6000 Australia

@conico_ltd @ConicoLtd conico-limited

+61 (0)8 9282 5889 info@conico.com.au www.conico.com.au