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ENCOUNTER RESOURCES LIMITED Capital/Financing Update 2020

Oct 20, 2020

64856_rns_2020-10-20_330af63a-c4d3-42ea-8d96-181c5dee8dd9.pdf

Capital/Financing Update

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Market Announcement

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21 October 2020

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Encounter Resources Limited (ASX: ENR) – Trading Halt

Description

The securities of Encounter Resources Limited (‘ENR’) will be placed in trading halt at the request of ENR, 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 Friday, 23 October 2020 or when the announcement is released to the market.

Issued by

Simon Barcham Listings Compliance (Perth)

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

21 October 2020 ASX Limited

ASX Announcement 21 October 2020

ASX Limited Central Park 152-158 St Georges Terrace PERTH WA 6000

Attention: Simon Barcham

[email protected]

Dear Simon

Encounter Resources Limited ('Encounter') – Request for Trading Halt

In accordance with Listing Rule 17.1, Encounter requests that an immediate trading halt be placed on its securities pending an announcement to the market regarding a proposed capital raising.

The Company anticipates that the trading halt will be lifted on or before market open on Friday 23 October 2020 by provision of an announcement to ASX regarding the capital raising.

Encounter is not aware of any reason why the trading halt should not be granted, nor of any other information relevant to this request.

Yours sincerely

Dan Travers Company Secretary

For further information, please contact:

Will Robinson Michael Vaughan Managing Director Fivemark Partners +61 8 9486 9455 +61 422 602 720 [email protected] [email protected]

Encounter Resources Limited Level 7, 600 Murray Street West Perth WA 600

P +61 8 9486 9455 F +61 8 9486 8366 E [email protected] www.enrl.com.au