DYNAMIC METALS LIMITED — Share Issue/Capital Change 2024

Jan 4, 2024

5 January 2024

ASX ANNOUNCEMENT

RELEASE OF SECURITIES FROM ESCROW

Dynamic Metals Limited ( ASX:DYM ) (“ Dynamic ” or “ the Company ”), advises that in accordance with ASX Listing Rule 3.10A, a total of 1,000,000 fully paid ordinary shares (ASX:DYMAA) will be released from ASX imposed mandatory escrow on 16 January 2024 (“Escrowed Securities”).

Following the release of the Escrowed Securities, there will be 12,985,001 fully paid ordinary shares (ASX:DYMAB) and 5,412,500 Options exercisable at $0.30 expiring 16 January 2026 (ASX:DYMAC) subject to either ASX imposed mandatory escrow arrangements or voluntary escrow arrangements. The Company will be applying for quotation of the Escrowed Securities upon their date of release, in accordance with the ASX Listing Rules. The Company notes that there will be no change to the issued capital in the Company as a result of the Escrowed Securities.

Released with the authority of Dynamic Metals’ Board of Directors.

For further information on the Company and our projects, please visit: www.dynamicmetals.com.au

CONTACT

Nerida Schmidt Company Secretary enquiry@dynamicmetals.com.au +61 8 6558 0637

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T 61 8 6558 0537 . E enquiry@dynamicmetals.com.au

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ABOUT DYNAMIC METALS

Dynamic Metals (ASX: DYM) is a dedicated

exploration company focused on advancing a highly prospective portfolio of future facing critical minerals projects in Australia. The Company completed a successful IPO in January 2023, raising $7 million to fully fund an aggressive exploration program across the portfolio.

Dynamic’s flagship project, Widgiemooltha, covers an extensive area of c.880km[2] extending between Norseman and Kambalda. The region is well known for its numerous nickel and gold mines, but more recently has emerged in significance for its lithium mineralisation and prospectivity.

DYNAMIC METALS CAPITAL STRUCTURE

Share Price: $0.165/share Shares on Issue: 49M Market Cap : $8.1M

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Portfolio of Exposure to Substantial Team has On-ground Attractive future-facing global exploration extensive activities are valuation and critical minerals decarbonisation targets experience and complete and leverage to projects in and battery generated successful track ready to exploration Australia metals thematic across Li, Ni, Cu, record commence success PGE and Au drilling

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