DREADNOUGHT RESOURCES LTD — Share Issue/Capital Change 2023

Apr 3, 2023

4 April 2023

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CLEANSING STATEMENT

Dreadnought Resources Limited (“ Dreadnought ” or “ the Company ”) is pleased to advise that 14,000,000 fully paid ordinary shares (“ Shares ”) have been issued to Directors via the recent placement announced to the market on 1 February 2023, at $0.10 per Share to raise a total of $1,400,000. The issue of Shares was approved by shareholders at the Company’s General Meeting held on 29 March 2023.

Additionally, the Company has issued 5,000,000 Shares on the exercise of 5,000,000 options exercisable at any time until 25 May 2023 at an exercise price of $0.006 per option, with the amount raised being $30,000.

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 2As for the issue of shares have been lodged.

Capital Structure

Quoted Securities
FullyPaid OrdinaryShares	3,312,728,220
Unquoted Securities
Options @ $0.006 expiring25/05/2023	15,000,000
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@ $0.1575 expiring16/12/2025	853,098
Options@ $0.12 expiring02/03/2026	1,223,151
Class B Performance Rights expiring30/06/2024	12,300,001
Class C Performance Rights expiring30/06/2025	12,299,996

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

www.dreadnoughtresources.com.au

info@dreadnoughtresources.com.au

Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 712, Osborne Park DC WA 6916

+61 8 9473 8345