DREADNOUGHT RESOURCES LTD — Share Issue/Capital Change 2022

Jul 31, 2022

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1 August 2022

CLEANSING STATEMENT

Dreadnought Resources Limited (“ Dreadnought ” or “ the Company ”) has today issued 2,350,000 fully paid ordinary shares ( Shares ) to Arrow Minerals Limited (ASX: AMD) (“ AMD ”) as part of the consideration for the acquisition of 100% of seven tenements covering ~100 strike kilometres over the Evanston and Yerilgee greenstone belts located adjacent to the Illaara greenstone belt, in the Central Yilgarn Region of Western Australia.

The shares are subject to voluntary escrow until 5pm WST on 31 January 2023.

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 Arrow share issue, placement shares announced 1 August 2022 and 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