DELTA LITHIUM LIMITED — Capital/Financing Update 2022

Jan 16, 2022

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ASX Release

17 January 2022

Exercise of Options

Red Dirt Metals Limited (ASX: RDT) ( RDT or the Company ) advises that it has completed the issue of 2,376,211 fully paid ordinary shares (Shares) pursuant to the exercise of 2,376,211 Unlisted Options with a $0.25 exercise price to raise $594,052.75.

Please refer to the accompanying Appendix 2A which contains further details on the exercise of options.

Notice pursuant to Section 708A(5)(e) of the Corporations Act 2001

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

1. The Company on 17 January 2022 issued 2,376,211 Shares in respect of the exercise of options;

2. The Company issued the shares without disclosure to investors under Part 6D.2 of the Act;

3. The Company is providing this notice under section 708A(5)(e) of the Act;

4. As at the date of this notice, the Company has complied with:

   • a. The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b. Section 674 of the Corporations Act; and

5. As at the date of this Notice there is no excluded information within the meanings of section 708A(7) and 708A(8) of the Act.

Authorised for ASX lodgement by the Board.

Red Dirt Metals Limited Matthew Boyes Managing Director +61 8 6109 0104 info@reddirtmetals.com.au

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