DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2019

Jul 1, 2019

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2 July 2019

SHARE PURCHASE PLAN CLEANSING NOTICE

As announced on 24 June 2019, Dreadnought Resources Limited (“Dreadnought” or “The Company”) (ASX: DRE) is proposing to offer eligible shareholders the opportunity to subscribe for shares in the Company under a Share Purchase Plan (Plan).

Dreadnought will release a copy of the Offer Booklet for the Plan and details of how to apply later today.

In accordance with the Australian Securities and Investments Commission (“ASIC”) Class Order 09/425, the Company gives notice that:

1. It will make offers to issue ordinary fully paid shares under the Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (Corporations Act);

2. This notice is being given in accordance with the terms of ASIC Class Order 09/425; and

3. The Company, as at the date of this notice, has complied with:

a) the provisions of Chapter 2M of the Corporations Act; and

b) Section 674 of the Corporations Act.

1. At the date of this notice, there is no excluded information for the purposes of Sections 708A(7) and 708A(8) of the Corporations Act.

FURTHER INFORMATION:

Kaitlin Smith Company Secretary Tel: (08) 8232 8800

DIRECTORS CORPORATE STRUCTURE Paul Chapman Non-Executive Chairman ASX Code: DRE Dean Tuck Managing Director Shares on Issue: 1,161M David Chapman Non-Executive Director Market Cap: $4.6M Ian Gordon Non-Executive Director Share Price $0.004 Paul Payne Non-Executive Director Cash (1/4/19): $0.35M

Dreadnought Resources Limited Suite 5, 16 Nicholson Road Subiaco WA 6008 T: +61 (0) 428 824 343

E: info@dreadnoughtresources.com.au W: www.dreadnoughtresources.com.au