DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2023

Oct 8, 2023

ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864

9 October 2023

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 29 September 2023 has settled today and 84,255,319 fully paid ordinary shares have been issued at $0.047 per share to raise a total of $3,960,000 (Issue). The Company has issued all shares utilising its existing placement capacity under Listing Rule 7.1. The second tranche of the placement of 22,127,660 shares at $0.047 totalling $1,040,000 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 is also proposing to offer eligible shareholders the opportunity to apply for shares in the Company under a share purchase plan (SPP). A copy of the SPP offer booklet will be lodged with the ASX later today when distribution to eligible shareholders is complete.

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.

In accordance with paragraph 7(f) of the ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 , this notice also serves as a cleansing notice for the SPP.

The release of the associated Appendix 2A for the Issue will follow this cleansing notice and the capital structure following the Issue is shown below.

Capital Structure

Quoted Securities
FullyPaid OrdinaryShares	3,443,583,536
Unquoted Securities
Options@$0.005 expiring09/04/2024	30,000,000
Options@ $0.005 expiring30/06/2024	1,500,000
Options@$0.04 expiring02/07/2024	12,100,000
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
Options@ $0.094 expiring9/10/2025	6,000,000
Options@ $0.1575 expiring16/12/2025	853,098
Options@ $0.12 expiring02/03/2026	1,223,151
Options@ $0.075 expiring14/06/2026	2,000,000

Ends

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ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017

ABN 40 119 031 864

For further information please contact: Dean Tuck Jessamyn Lyons Managing Director Company Secretary Dreadnought Resources Limited Dreadnought Resources Limited E:dtuck@dreres.com.au E:jlyons@dreres.com.au

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

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