DEEP YELLOW LIMITED — Major Shareholding Notification 2021

Feb 28, 2021

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NEWS RELEASE

1 March 2021

CHANGE IN SUBSTANTIAL HOLDING

Deep Yellow Limited ABN 97 006 391 948 (ASX:DYL) ( Deep Yellow or Company ) attaches a form 604 Change in Substantial Holding for immediate release.

Yours faithfully

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MARK PITTS Company Secretary Deep Yellow Limited

For further information, contact:

John Borshoff Phone: +61 8 9286 6999 Managing Director/CEO Email: john.borshoff@deepyellow.com.au

About Deep Yellow Limited

Deep Yellow Limited is a differentiated, advanced uranium exploration company, in predevelopment phase, implementing a contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company’s uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. A PFS has recently been completed on its Tumas Project in Namibia and a DFS commenced February 2021. The Company’s cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well-regarded history of safely and effectively developing and regulating its considerable uranium mining industry.

ABN 97 006 391 948

Unit 17, Spectrum Building 100–104 Railway Road Subiaco, Western Australia 6008

PO Box 1770 Subiaco, Western Australia 6904

DYL: ASX & NSX (Namibia) DYLLF: OTCQX

www.deepyellow.com.au

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@deepyellowltd deep-yellow-limited

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