ECLIPSE METALS LIMITED. — Capital/Financing Update 2020

May 12, 2020

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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.

13 May 2020

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 2001 (Cth) and the details required under section 708A(6) of the Act in relation to the following Securities ( Securities ) issued by the Company on 13 May 2020, in accordance with the Appendix 3B Announcement dated 12 May 2020.

Class of Securities Fully paid Ordinary Shares ( Shares )

Total number issued 96,476,107 Share placement to new investors for capital raising;

Issue price 0.0055 per Share for a total consideration of $530,619

BOARD

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.

Carl Popal Executive Chairman

Rod Dale Non-Executive Director

The Company advises

Ibrar Idrees Non-Executive Director

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

COMPANY SECRETARY

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

2. 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

3. 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; and

   • (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.

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

Automic Group Level 2, 267 St Georges Terrace Perth WA 6000

ASX CODE

EPM

Authorised by Eryn Kestel Company Secretary e.kestel@eclipseuranium.com.au 9480 0420

WEBSITE www.eclipsemetals.com.au

ECLIPSE METALS LIMITED Quarterly Activities Report for Period Ending 30 June 2019

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ECLIPSE METALS LIMITED Quarterly Activities Report for Period Ending 30 June 2019

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