DALAROO METALS LTD — Capital/Financing Update 2023

Oct 19, 2023

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----- Start of picture text ----- ASX ANNOUNCEMENT: ASX: DAL 20 October 2023----- End of picture text -----

Completion of Placement and Notice Under Section 708A(5)(e) of the Corporations Act

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Dalaroo Metals Ltd ( ASX: DAL , “Dalaroo” or “Company”) advises that further to its ASX Release of 18 October 2023 it has completed the placement of 5,600,000 fully paid ordinary shares in the capital of the Company ( Shares ) at an issue price of $0.04 per share. The Company has also issued 2,800,000 1:2 free attaching options, exercisable at $0.08 each, expiring on 5 June 2025 ( Attaching Options ). The Shares and Attaching Options were issued within the Company’s existing Listing Rule 7.1 placement capacity.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that:

1. the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and

2. 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; and

3. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in sections 708A(7) or 708A(8) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

Authorised for release to the ASX by the Board of Dalaroo Metals Ltd.

ENDS

For more Information:

Please visit our website for more information: www.dalaroometals.com.au

Harjinder Kehal, Managing Director on +61 400 044 890

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