DATELINE RESOURCES LIMITED — Capital/Financing Update 2023

Feb 2, 2023

ASX Release

DATELINE RESOURCES LIMITED

(ACN 149 105 653) ASX Code: DTR

CAPITAL STRUCTURE Share Price (2/2/23) $0.034 Shares on issue 566.18 million Market Cap $19.25 million

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Gold Links Funding Update

Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) provides the following update with regards to its Gold Links mine in Colorado.

As disclosed in the December Quarterly report, Dateline has been advancing discussions with its USA bankers to obtain additional loan funding for to be used at the Gold Links project. The additional funding is being pursued in parallel with negotiations with potential Joint Venture partners.

The Company has today received a funding term sheet for US$5million, from Madison One Cuso, to be used at the Gold Links in Colorado. Funding is subject to an 80% guarantee from the United States Department of Agriculture (USDA). Interest for the funds is 10.25% and the term of the loan is 10 years. The security sought for the loan funds is a mortgage over the real property assets in Colorado and a guarantee from Gunnison Gold Pty Ltd.

Madison One Cuso has previously completed almost US$10million of funding for the Gold Links project on similar terms including USDA guarantee.

MAJOR SHAREHOLDERS

Dateline’s Managing Director, Stephen Baghdadi, commented:

“This is a positive development for the Company and is the result of having a good working relationship with our bankers and confidence in the potential of the Gold Links project.

We look forward to working closely with the bank to secure the additional funds and providing the information required to complete the transaction.

DIRECTORS & MANAGEMENT

Discussions are advanced with a potential Joint Venture partner, and we are working on finalising an agreement as soon as possible”

Mark Johnson AO Chairman

Stephen Baghdadi Managing Director

Greg Hall Non-Executive Director

Tony Ferguson Non-Executive Director

Bill Lannen Non-Executive Director

John Smith Company Secretary

This announcement has been authorised for release on ASX by the Company’s Board of Directors.

For more information:

Stephen Baghdadi Andrew Rowell Managing Director White Noise Communications +61 2 9375 2353 +61 400 466 226 www.datelineresources.com.au andrew@whitenoisecomms.com

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

ASX Release 3 February 2023

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in North America. The Company has assets in Colorado and California

The Colosseum project in California is located less than 10km north of the Mountain Rare Earth mine. The Mountain Pass rare earth mine is the richest rare earth mine in the world and is the only operating rare earth mine in the USA. Work has commenced on identifying the source of the mantle derived rocks that are located at the Colosseum and are associated with carbonatites that host the Rare Earths.

The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and was mined for gold by Bond International Gold and LAC Minerals between 1988 and 1993. On July 6, 2022, Dateline announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 20.9Mt @ 1.2g/t Au for 813,000oz. Of the total Mineral Resource, 258koz @ 1.2g/t Au (32%) are classified as Measured, 322koz @1.2g/t Au (39%) as Indicated and 235koz @1.3g/t Au (29%) as Inferred.

Dateline also owns the high-grade Gold Links mine in Colorado. Gold Links comprises of a swarm of high-grade gold veins that can be traced over a 6km strike. The Gold Links mining district was consolidated between 2016 and 2019. Extensive surface and underground exploration have since been conducted on a small section of the 6km strike length.

The 100% owned and fully permitted Lucky Strike mill is located approximately 50km from the Gold Links mine and has recently been upgraded to be able to process up to 250 tonnes per day.