ECLIPSE METALS LIMITED. — Capital/Financing Update 2020

May 7, 2020

Market Announcement

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8 May 2020

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Eclipse Metals Limited (ASX: EPM) – Trading Halt

Description

The securities of Eclipse Metals Limited (‘EPM’) will be placed in trading halt at the request of EPM, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 12 May 2020 or when the announcement is released to the market.

Issued by

Daniel Nicholson

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

8 May 2020 ASX Limited

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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.

8 May 2020

ecli0c0r\correspondence/c024

Mr D Nicholson Advisor, Listings Compliance Australian Securities Exchange Level 40, Central Park 152-15 St Georges Terrace PERTH WA 6000

Dear Mr Nicholson

Eclipse Metals Limited Trading Halt Request

Eclipse Metals Limited (the Company ) requests an immediate trading halt be granted by the Australian Securities Exchange for the Company’s Securities.

BOARD

Carl Popal Executive Chairman

In accordance with Listing Rul 171, the Company provides the following information:

1. The Trading Halt is requested to allow the Company to complete a medium size capital raising placement to sophisticatedinvestors;

Rod Dale Non-Executive Director Ibrar Idrees Non-Executive Director

1. The Company requests the halt to remain in place until the earlier of the commencement of normal trading on Tuesday, 12 May 2020 or when an announcement regarding complation of the placement is released to the market; and

COMPANY SECRETARY

Eryn Kestel

REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS

1. The Company is not aware of any reason why the Trading Halt should not be granted.

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

Yours sincerely

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AUSTRALIAN BUSINESS NUMBER 85 142 366 541

Eryn Kestel Company Secretary eryn@kestelcorp8.com.au +61 (0) 435 905 770

SHARE REGISTRY

Automic Group Level 2 267 St Georges Terrace Perth WA 6000

ASX CODE

EPM

WEBSITE

www.eclipsemetals.com.au