COPPERMOLY LIMITED — Capital/Financing Update 2020

Dec 15, 2020

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ADDRESS PHONE Suite 2, 42 Morrow Street +61 (07) 3217 7544 TARINGA QLD 4068 EMAIL info@coppermoly.com.au ABN 54 126 490 855 WEBSITE www.coppermoly.com.au

ASX Announcement

16 December 2020

ASX Code: COY

EXTENSION OF CONVERTIBLE NOTES’ TERM

Coppermoly Ltd is pleased to announce that Jade Triumph International Limited (“ Jade Triumph ”) has agreed to further extend the maturity date for the Convertible Notes held by Jade Triumph for by twenty-four months to 19 December 2022. All other terms of the Convertible Notes remain unchanged.

Each Convertible Note is convertible, at the option of Jade Triumph, into one new fully paid ordinary share in the Company on or before 5:00pm on the maturity date, unless repaid earlier, subject to such conversion not resulting in the holder breaching the Corporations Act 2001.

Authorised on behalf of Coppermoly Limited by the Managing Director, Dr Wanfu Huang.

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For further information please contact Dr Wanfu Huang Managing Director

E: wfhuang@coppermoly.com.au

• T: +61 (07) 3217 7544