ENCOUNTER RESOURCES LIMITED — Capital/Financing Update 2020

Mar 5, 2020

Level 7, 600 Murray Street West Perth WA 6005

PO Box 273 West Perth WA 6872

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P 08 9486 9455 F 08 9486 8366

www.enrl.com.au

ASX: ENR

6 March 2020

Company Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

Expiry of Unlisted Options

The Company advises of the cancellation of 325,000 options exercisable at 14 cents each on 28 February 2020, at the end of the exercise period.

This announcement has been approved for release by the Managing Director of Encounter Resources Limited.

Encounter Resources Limited

Kevin Hart Company Secretary