ECLIPSE METALS LIMITED. — Capital/Financing Update 2019

Oct 14, 2019

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www.eclipseuranium.com.au Eclipse Metals Ltd is an Australian exploration company focused on exploring the Northern Territory and Queensland for multi commodity mineralisation. The Company has an impressive portfolio of assets prospective for gold, manganese, base metals and uranium mineralisation. The Company’s mission is to increase Shareholder wealth through capital growth and ultimately, dividends. Eclipse plans to achieve this goal by exploring for and developing viable mineral deposits to generate mining or joint venture income.

14 October 2019

Notice under Section 708A(5)(e) of the Corporations Act

Eclipse Metals Limited (the Company) (ASX: EPM) provides notification in accordance with section 708A(5)(e) of the Corporations Act, of the details required under section 708A(6) in relation to the following securities recently issued.

Class of Securities Fully paid Ordinary Shares ( Shares ) Date of issue 14 October 2019 Total number issued 86,433,334

The issue price was $0.003 per Share.

BOARD

82,666,667 fully paid Ordinary Shares were issued to professional and sophisticated investors.

3,766,667 fully paid Ordinary Shares were issued in lieu of services.

The Corporations Act restricts the on-sale of Securities issued without disclosure, unless the sale is exempt under Section 708 or 708A. Through the release of this Notice by the Company; sale of the Securities noted above will fall within the exemption in Section 708A(5) of the Corporations Act and will be able to be traded immediately.

The Company advises

1. The above Securities were issued without disclosure to investors under Part 6D.2 of the Act;

2. This Notice is being given under section 708A(5)(e) of the Act;

3. As at the date of this Notice, the Company has complied with the provisions of Chapter 2M and section 674, of the Corporations Act as they apply to the Company;

4. As at the date of this Notice, there is no information that is excluded information within the meaning of sections 708A(7) and 708A(8) of the Corporations Act, being information that:

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

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

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

     • The rights and liabilities attaching to the Securities or generally to the ordinary shares in the capital of the Company.

Rodney Dale Non-Executive Chairman

Carl Popal Non-Executive Director Ibrar Idrees Non-Executive Director

COMPANY SECRETARY

Eryn Kestel

REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS

Level 3, 1060 Hay Street West Perth WA 6005 Phone: + 61 8 9480 0420 Fax: + 61 8 9321 0320

AUSTRALIAN BUSINESS NUMBER 85 142 366 541

SHARE REGISTRY Security Transfer Registrars 770 Canning Highway Applecross WA 6153

ASX CODE EPM

WEBSITE www.eclipsemetals.com.au

For further information please contact: Eryn Kestel Company Secretary