CORE ENERGY MINERALS LTD — Capital/Financing Update 2021

Jun 24, 2021

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25 June 2021

Cleansing Notice

Oar Resources Limited ( ASX: OAR ) (“ Oar ” or “ the Company ”) wishes to confirm the allotment of 27,000,000 ordinary fully paid shares in accordance with the acquisition agreement of the Crown Project where the Tranche 1 Deferred Consideration Shares is due on the granting of the tenement.

For the purpose of section 708(A) of Corporations Act 2001 (“Act”), the Company gives notice as follows:

1. This notice is being given under paragraph (5)(e) of section 708A of the Act:

2. The Shares were issued without disclosure to investors under Part 6D.2 of the Act in reliance on Section 708(A)(5) of the Act:

3. As at the date of this notice, the Company has complied with:

   • The provisions of Chapter 2M of the Act as they apply to the Company; and

   • Section 674 of the Act

4. As at the date of this notice, there is no information that is “excluded information”, within the meaning of sections 708A (7) and (8) of the Act.

Chris Gale Executive Chairman

For further information please contact:

Chris Gale Executive Chairman Oar Resources Ltd. P: +61 8 6117 4797

About Oar Resources Limited

Oar Resources Limited is an ASX listed precious metals explorer and aspiring producer. Oar has acquired 100% of Australian Precious Minerals Pty Ltd, holder of the Crown Project in Western Australia. Crown is situated near Chalice Mining’s world-class Julimar polymetallic discovery. Oar has also acquired 100% of Alpine Resources’ gold exploration projects in the highly prospective gold province of Nevada, United States - ranked the third best mining jurisdiction in the world. These projects are in an area that hosts several multi-million-ounce deposits. Oar, through its wholly owned subsidiary Lymex Tenements Pty Ltd holds a number of tenements on the South Australian Eyre Peninsular which are considered highly prospective for kaolinite and halloysite mineralisation, graphite, iron ore and other commodities. In addition, Oar’s Peruvian subsidiary, Ozinca Peru SAC, owns a CIP Gold lixiviation plant, strategically located proximal to thousands of small gold miners in Southern Peru.

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