CORELLA RESOURCES LTD — Capital/Financing Update 2026

May 3, 2026

4 May 2026

CORELLA
ASX Announcement

PLACEMENT SHARES ISSUED AND CLEANSING NOTICE

Corella Resources Ltd (ASX:CR9) (Corella or the Company), refers to its announcement made on 27 April 2026 regarding the proposed placement of shares to sophisticated investors to raise $5,000,000 (before costs) in two tranches.

The funds raised through the placement are being used to fund the Chobe Project acquisition as well as provide working capital for the Company to continue its exploration and other activities.

The shares will be issued at a price of $0.012 per share and for every 2 Placement Shares issued, one free attaching option exercisable at $0.02 expiring 30 months from the date of issue will be issued subject to shareholder approval.

The first tranche of the Placement Shares, being 205,000,000 shares, have now been issued using the Company's capacity under Listing Rule 7.1 having raised $2.46 million (before costs).

The second tranche of the Placement Shares, being a further 216,666,667 shares, are subject to shareholder approval at a General Meeting to be held in June 2026. The options attaching to both Tranche 1 and Tranche 2 Placement Shares are also subject to Shareholder approval at that meeting. Further details regarding the meeting will be provided at a later time.

The Company gives notice that in relation to the Placement Shares issued to sophisticated investors:

• it issued the Placement Securities on 4 May 2026 without disclosure to investors under Part 6D.2 of the Corporations Act 2001 ("Act");
• this notice is being given under section 708A(5)(e) of the Act;
• as at today's date, the Company has complied with:
• i. the provisions of Chapter 2M of the Act as they apply to the Company; and
• ii. sections 674 and 674A of the Act; and
• as at the date of this notice, there is no excluded information, as that term is defined in Sections 708A(6)(e), 708A(7) and 708A(8) of the Act.

ENDS

For further information, please contact:

Chairman
Company Secretary

phil@corellaresources.com.au
secretary@corellaresources.com.au

ASX release authorised by the Board of Directors of Corella Resources Ltd.

Corella Resources Ltd | ABN 56 125 943 240 | www.corellaresources.com.au | Page 1