DATELINE RESOURCES LIMITED — Capital/Financing Update 2021

Apr 6, 2021

COLOSSEUM TRANSACTION UPDATE

ASX Release

7 April 2021

DATELINE RESOURCES LIMITED

(ACN 149 105 653) ASX Code: DTR

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Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) is pleased to advise that it has completed its first financial commitment required in the agreement to acquire the Colosseum Gold Mine (Colosseum) from a wholly owned subsidiary of Barrick Gold Corporation (Barrick).

As per the arrangement, Dateline has successfully deposited US$500,000 into the nominated escrow account.

CAPITAL STRUCTURE

Share Price (7/4/21) $0.004 Shares on issue 8,740 million Market Cap $34.9 million

The Colosseum transaction is still subject to standard closing conditions, including obtaining necessary corporate and governmental approvals. Further information on the terms of the agreement is detailed in the ASX announcement dated 15 March 2021.

MAJOR SHAREHOLDERS

Colosseum Acquisition

Dateline has entered into a binding Agreement with LAC Minerals (USA) LLC, a wholly owned subsidiary of Barrick, for the acquisition of 100% of the Colosseum Gold Mine and will acquire 83 mining claims that host the Colosseum Gold Mine and surrounding areas, totalling approximately 1,600 acres.

DIRECTORS & MANAGEMENT

Mark Johnson AO Chairman

Stephen Baghdadi Managing Director

Greg Hall Non-Executive Director

Authorised by the Dateline Board.

For more information, please contact:

Stephen Baghdadi Managing Director +61 2 9375 2353 www.datelineresources.com.au

Tony Ferguson Non-Executive Director

Follow Dateline on Twitter: https://twitter.com/Dateline_DTR

Bill Lannen Non-Executive Director

About Dateline Resources Limited

John Smith Company Secretary

CONTACT John Smith Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: info@datelineresources.com.au

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in North America. The Company owns 100% of the Colosseum Gold Mine in California as well as the Gold Links and Green Mountain Projects in Colorado, USA.

Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and produced approximately 344,000 ounces of gold at a head grade of 2.5g/t (see ASX release 15 March 2021).

Gold Links is comprised of several contiguous historic gold mines that have been consolidated by the Company. Gold Links has produced up to 150,000 ounces of highgrade gold (see ASX release 8 February 2019). Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. Well documented records indicate that there are large areas that remain untested at surface and little to no exploration has been done below the valley floor.

Green Mountain Project hosts the Lucky Strike and Mineral Hill permitted gold properties as well as a recommissioned gold processing plant (Lucky Strike Mill). Gold Links and the Lucky Strike Mill are 50km apart.