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ESTRELLA RESOURCES LIMITED Capital/Financing Update 2020

Mar 30, 2020

64878_rns_2020-03-30_b71f1ef4-1bb5-43e5-8c3b-c19454e9f1da.pdf

Capital/Financing Update

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EXPIRY OF OPTIONS

Estrella Resources Limited

ASX RELEASE 31 March 2020

ABN 39 151 155 207

Estrella Resources Limited ( ASX: ESR ) advises that 8,250,000 unquoted options exercisable at $0.024 on or before 31 March 2020 have expired, unexercised.

ASX Code: ESR

The Company’s capital structure is now as follows:

Quoted

Board and Management

Chief Executive Officer Christopher Daws

534,647,797 Fully paid ordinary shares

250,980,328 Options exercisable at $0.05 expiring 27 June 2021

Unquoted

5,500,000 Options exercisable at $0.05 expiring 15 May 2021

Non-Executive Directors

Les Pereira John Kingswood Stephen Brockhurst

14,000,000 Options exercisable at $0.03 expiring 20 November 2022

ENDS

Company Secretary David McEntaggart

The Chief Executive Officer of Estrella Resources Limited authorised this announcement to be given to ASX.

Registered Office

Level 11, London House 216 St Georges Terrace Perth WA 6000

For Further Information Contact

David McEntaggart Company Secretary

Postal Address GPO Box 2517 Perth WA 6831

E-mail: [email protected]

Telephone: +61 8 9481 0389 Facsimile: +61 8 9463 6103

[email protected] www.estrellaresources.com.au