DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2021

Sep 20, 2021

21 September 2021

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Issue of Placement Shares – S708 Cleansing Notice

Dreadnought Resources Ltd ( Dreadnought or the Company , ASX: DRE) is pleased to advise that the first tranche of the $8 million placement announced to the market on 14 September 2021 has settled today and 226,000,000 fully paid ordinary shares ( Shares ) have been issued at $0.035 per share to raise a total of $7,910,000. The Company has issued 193,774,084 shares utilising its existing placement capacity under Listing Rule (LR) 7.1 and 32,225,916 have been issued using its capacity under LR 7.1A. The second tranche of the placement of 2,571,429 shares at $0.035 totalling $90,000 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.

On behalf of the Board,

Jessamyn Lyons

Company Secretary Dreadnought Resources Ltd

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 Suite 6, 16 Nicholson Road, Subiaco WA 6008 PO Box 1240, West Perth WA 6872

www.dreadnoughtresources.com.au

info@dreadnoughtresources.com.au

+61 (0) 428 824 343