DALAROO METALS LTD — Capital/Financing Update 2023

Aug 7, 2023

==> picture [595 x 109] intentionally omitted <==

----- Start of picture text ----- ASX ANNOUNCEMENT: ASX: DAL 8 August 2023----- End of picture text -----

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

---

Dalaroo Metals Ltd ( ASX: DAL , “Dalaroo” or “Company”) advises that further to the General Meeting conducted on 27 July 2023 and the ASX Release of 30 May 2023 it has completed Tranche 2 of the placement of 8,550,000 fully paid ordinary shares in the capital of the Company ( Shares ) at an issue price of $0.05 per share.

The Company has also issued 11,000,000 1:2 free attaching options, exercisable at $0.08 each, expiring on 5 June 2025. In accordance with ASX Listing Rule 2.5, as the Company did not obtain 50 applicants for the shares it will not be able to seek quotation for these options as per the Appendix 3B lodged with the ASX on 30 May 2023. Should the number of holders of this class of options exceed 50 holders in the future the Company will seek quotation at that time.

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

==> picture [595 x 58] intentionally omitted <==