FIN RESOURCES LIMITED — Capital/Financing Update 2020

Apr 6, 2020

ASX Release 7 April 2020

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McKENZIE SPRINGS additional earn-in period extended

The Board of Fin Resources Limited (ASX: FIN) ( Fin or the Company ) is pleased to provide an update regarding the McKenzie Springs Project, which is considered to be prospective for magmatic Ni-Cu sulphide and Platinum Group Element (PGE) mineralisation.

McKenzie Springs Project

The Joint Venture Agreement with Sammy Resources Pty Ltd (a subsidiary of Cazaly Resources Limited (ASX: CAZ)) over exploration licence E80/4808 (McKenzie Springs Project), has been amended allowing Fin the right to farm-in to an additional 19% interest in the McKenzie Springs Project (Fin currently holds 51%) by spending $500,000 on exploration by the 30th of November 2020. Fin has currently spent approx. $260,000 of the $500,000 exploration spend requirement.

The company now plans to engage with the Traditional Owners to commence Heritage Agreement negotiations, facilitating the commencement of heritage surveys over areas of interest. Subject to successful negotiations with the Native Title Claimants and the heritage survey clearances, the necessary regulatory approvals will be lodged with the DMIRS for a maiden drilling program.

Access Restriction - McKenzie Springs Project

Since the 26th of March 2020 access to the McKenzie Springs Project is restricted due to a COVID-19 Commonwealth Biosecurity Act Direction. The heritage survey is likely to be delayed by these travel restrictions imposed from the COVID-19 pandemic.

ENDS

Authorised for release by: Jason Bontempo - Non-Executive Director

For further information contact:

Jason Bontempo info@finresources.com.au Ph: +61 8 6117 0453 www.finresources.com.au

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About Fin Resources Limited

Fin Resources Limited is an Australian based resources company listed on the Australian Securities Exchange (ASX: FIN). The Company’s projects comprise exploration licences covering ground located in Western Australia, which the Company intends to explore for gold, base metals and graphite (refer Figure One).

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Figure One | Project Locations in Western Australia

The McKenzie Springs Project is located within the Kimberley Region of Western Australia, 85km north-east of the township of Halls Creek. The Project covers an area of approximately 134km[2] including identified nickel, copper, cobalt and graphite occurrences. The McKenzie Springs Project is considered prospective for magmatic Ni-Cu sulphide and PGE mineralisation.

The Sentinel Project is located 130km east-northeast of the township of Kalgoorlie in the Eastern Goldfields, Western Australia. The Project covers an area of approximately 44km[2] . The Sentinel Project is positioned in a prospective location in terms of regional geological and mineralisation setting, located in the Eastern Goldfields Province within the southern Laverton Tectonic Zone, a regional shear/fault system that extends as a set of NNE and NNW trending structures from Laverton towards the Pinjin area. The Sentinel Project is considered prospective for gold.

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The South Big Bell Project is located 25km west of the township of Cue in the Murchison Goldfields, Western Australia. The Project covers an area of approximately 50km[2] . The South Big Bell Project covers the southern extensions of the greenstone belt and shear zone that hosts the Big Bell Gold Deposit.

FIN Resources Limited Tenements

Tenement	Location	Area	Structure
Australia
E80/4808	Western Australia	134km2	51%
E20/900	Western Australia	50km2	51%
E28/2652	Western Australia	44km2	51%

km[2] – Square Kilometres

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