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ENCOUNTER RESOURCES LIMITED Capital/Financing Update 2023

May 17, 2023

64856_rns_2023-05-17_a60bf129-9132-4843-a431-bdd5dbca856e.pdf

Capital/Financing Update

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Market Announcement

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18 May 2023

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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 Monday, 22 May 2023 or when the announcement is released to the market.

Issued by

Scarlette de Lavaine

Adviser, Listings Compliance

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

18 May 2023 ASX Limited

ASX Announcement 18 May 2023

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ASX Limited

Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

Attention: Nicholas Mountain

[email protected]

Dear Nicholas

Request for Trading Halt – Encounter Resources Limited (ASX:ENR)

In accordance with Listing Rule 17.1, Encounter Resources Limited (ASX:ENR) (“Encounter” or “Company”) requests that an immediate trading halt be placed on its securities pending the release of an announcement regarding a proposed capital raising.

Encounter anticipates that the trading halt will be lifted on or before market open on Monday, 22 May 2023 by provision of an announcement to ASX regarding the proposed 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.

Encounter Resources Limited

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Dan Travers Company Secretary

This trading halt request has been approved by the Board of Encounter Resources Limited.

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]

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

Encounter Resources Limited ABN 47 109 815 796 Suite 2, 1 Alvan St Subiaco WA 6008