EMERALD RESOURCES NL — Proxy Solicitation & Information Statement 2021

Oct 17, 2021

ASX Announcement & Media Release

18 October 2021

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Fast Facts

ASX Code: EMR Shares on issue: 515,397,207 Market Cap: ~A$525 million Cash: A$23 million (at 30 June 2021)

Board & Management

Simon Lee AO, Non-Executive Chairman Morgan Hart, Managing Director Mick Evans, Executive Director Ross Stanley, Non-Executive Director Billie Slott, Non-Executive Director Mark Clements, Non-Executive Director and Company Secretary Bernie Cleary, Operations Manager Brett Dunnachie, Chief Financial Officer

Company Highlights

• First mover in an emerging gold province in Cambodia;

▪ Okvau Deposit: Indicated and Inferred Mineral Resource Estimate of 1.14Moz at 2.0g/t Au;

Letter to Shareholders – AGM Materials

Emerald Resources NL (ASX: EMR) (“Emerald”) wishes to announce that the attached letter regarding the Company’s meeting materials has been sent to shareholders who have not elected to receive notices by email.

Should you wish to update your online details, please visit automicgroup.com.au.

This ASX release was authorised on behalf of the Emerald Board by: Morgan Hart Managing Director.

For further information please contact Emerald Resources NL

Morgan Hart Managing Director

• Project built in 2021 on time on budget and now in production;

▪ Forecast economics demonstrates high grade, low cost, compelling project;

o Ore Reserve of 14.3Mt & 2.0g/t Au for 0.9Mozs in a single open pit with waste:ore ratio of 5.8:1;

o LOM average annual production of 106,000ozs pa;

o AISC US$754/oz over LOM (at a US$1,450 gold price assumption);

▪ Mineral Investment Agreement governs significant tax and duty concessions for first 5 years and includes offshore arbitration process;

▪ Highly credentialed gold project operational and development team;

▪ Significant resource growth potential;

▪ Focussed on a net positive impact on near-mine environmental and social values by targeting strict compliance with corporate governance, international guidelines (IFC PS’s) and local law by engaging and collaborating with all stakeholders.

Registered Office

1110 Hay Street West Perth WA 6005

T: +61 8 9286 6300 F: +61 8 6243 0032 W: www.emeraldresources.com.au

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18 October 2021

Dear Shareholder

Annual General Meeting – Notice and Proxy Form

This letter is to notify you that Emerald Resources NL (ACN 009 795 046) (ASX: EMR ) (the “Company”) is convening the Annual General Meeting (“Meeting”) to be held at 1304 Hay Street, West Perth, Western Australia on 25 November 2021 at 11am (WST).

In accordance with the Treasury Laws Amendment (2021 Measures No.1) Act 2021, the Company will not be dispatching physical copies of the Notice of Annual General Meeting (“Notice”). Instead, a copy of the Notice will be available under the “ASX announcements” section of the Company’s website at www.emeraldresources.com.au and on the Company’s ASX Market Announcements page.

As you have not elected to receive notices by email, a copy of your personalised proxy form is enclosed for your convenience. As a valued shareholder in the Company, we look forward to your participation in the Meeting. Shareholders are encouraged to complete and lodge their proxies online or otherwise in accordance with the instructions set out in the proxy form and the Notice.

Your proxy voting instruction must be received by 11am (WST) on Tuesday, 23 November 2021 , being not less than 48 hours before the commencement of the Meeting. Any proxy voting instructions received after that time will not be valid for the Meeting.

The Notice is important and should be read in its entirety. If you are in doubt as to the course of action you should follow, you should consult your financial adviser or other professional adviser. If you have any difficulties obtaining a copy of the Notice please contact the Company’s share registry, Automic, on 1300 288 664 (within Australia) or +61 (2) 9698 5414 (overseas) or www.automicgroup.com.au.

The Australian government and the respective State governments are implementing a wide range of measures to contain or delay the spread of COVID-19. If changing circumstances impact the planning or arrangements for the Meeting, the Company will notify shareholders accordingly by way of announcement on the ASX and via the Company’s website at www.emeraldresources.com.au.

Authorised by the Emerald Board.

SIMON LEE AO CHAIRMAN

Emerald Resources NL | ACN 009 795 046 1110 Hay Street, West Perth, Western Australia 6005 | PO Box 1408, West Perth, WA 6872 Tel: +61 8 9286 6300 Fax: +61 8 6243 0032 | admin@emeraldresources.com.au