EARTHS ENERGY LIMITED — Capital/Financing Update 2021

Sep 22, 2021

ASX ANNOUNCEMENT 23 September 2021

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Cleansing notice under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

Cradle Resources Limited (ASX:CXX) ( Company ) advises that 18,462,882 fully paid ordinary shares ( Shortfall Shares ) have been issued under the shortfall to the Company's fully underwritten, non-renounceable pro rata offer to eligible Shareholders announced on 25 August 2021 ( Entitlement Offer ). The issue of the Shortfall Shares raised $369,258. Please refer to the Appendix 2A lodged today with ASX for further information in respect of the Shortfall Shares.

This notice is given by the Company in relation to the Shortfall Shares which were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act ).

The Company hereby confirms, as per the requirements set out in section 708A(6) of the Act, as follows:

• (a) The Company has issued the Shortfall Shares without disclosure to investors under Part 6D.2 of the Act.

• (b) The Company is providing this notice under section 708A(5)(e) of the Act.

• (c) As at the date of this notice, the Company has complied with:

  - (i) the provisions of Chapter 2M of the Act as they apply to the Company; and 
  
  - (ii) section 674 of the Act. 
  

• (d) As at the date of this notice, there is no information:

  • (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B) the rights and liabilities attaching to the Shortfall Shares.

Authorised for release by the Board of Cradle Resources Limited.

Chris Bath Director

Emerald House Tel: +61 8 9200 3425 1202 Hay Street Fax: +61 8 9200 4961 West Perth WA 6005 Email: info@cradleresources.com.au

ASX:CXX cradleresources.com.au

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