DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2022

Aug 4, 2022

5 August 2022

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CLEANSING STATEMENT

Dreadnought Resources Limited (“ Dreadnought ” or “ the Company ”) is pleased to advise that the first tranche of the placement announced to the market on 1 August 2022 has settled today and 200,000,000 fully paid ordinary shares ( Shares ) have been issued at $0.06 per share to raise a total of $12,000,000. The Company has issued all shares utilising its existing placement capacity under Listing Rule (LR) 7.1. The second tranche of the placement of 5,833,334 shares at $0.06 totalling $350,000 is subject to shareholder approval at the upcoming Annual General Meeting, as this portion has been applied for by the Directors of the Company.

The Company relies on section 708A of the Corporations Act 2001 (Cth) ( the Act ) in relation to the Issue.

In accordance with section 708A(5)(e) of the Act the following information is provided:

1. This notice is being given within five (5) business days after the day of Issue;

2. The Issue was made without disclosure to investors under Part 6D.2 of the Act;

3. This notice is given under section 708A(5)(e) of the Act;

4. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

5. As at the date of this notice, there is no excluded information to be provided in accordance with section 708A(6)(e) of the Act.

The release of the associated Appendix 2A for the issue will follow this cleansing notice.

Capital Structure (including placement shares to directors, subject to shareholder approval)

Quoted Securities
FullyPaid OrdinaryShares	3,046,866,885
Unquoted Securities
Options @ $0.006 expiring25/05/2023	20,000,000
Options @ $0.01 expiring1/10/2023	2,750,000
Options @ $0.02 expiring31/10/2023	750,000
Options @ $0.005 expiring09/04/2024	30,000,000
Options@ $0.005 expiring30/06/2024	3,500,000
Options @ $0.04 expiring02/07/2024	16,500,000
Options @ $0.06 expiring11/08/2024	2,000,000
Options@ $0.06 expiring26/11/2024	2,000,000
Options @ $0.065 expiring14/07/2025	8,500,000

Ends

For further information please contact:

Dean Tuck Jessamyn Lyons Managing Director Company Secretary Dreadnought Resources Limited Dreadnought Resources Limited E:dtuck@dreadnoughtresources.com.au E:jlyons@dreadnoughtresources.com.au

This announcement is authorised for release to the ASX by the Board of Dreadnought.

Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872

www.dreadnoughtresources.com.au

info@dreadnoughtresources.com.au

+61 08 9473 8345