FireFly Metals Ltd. — Capital/Financing Update 2020

May 5, 2020

ASX: AUT 6 May 2020

ASX ANNOUNCEMENT

CLEANSING NOTICE

Further to the ASX announcement on 29 April 2020, Auteco Minerals Ltd (AUT.ASX) (‘Auteco’ or ‘the Company’) has issued 139,285,714 fully paid ordinary shares at an offer price of $0.035 per share (the “Placement”). The Placement was undertaken pursuant to ASX Listing Rule 7.1.

Auteco has issued these shares without disclosure to investors under section 708A(5) of the Corporations Act 2001 (Cth) (Corporations Act).

With reference to the shares issued, in accordance with section 708A(6) of the Corporations Act 2001 (Cth) (Corporations Act), the Company gives notice under paragraph 708A(5)(e) that:

1. The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. As at the date of this notice:

3. a) The Company has complied with the provisions of Chapter 2M of the Corporations Act as it applies to the Company;

4. b) The Company has complied with section 674 of the Corporations Act; and

5. c) There is no excluded information within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed under section 708A(6)(e) of the Corporations Act.

For and on behalf of the Board

Nick Katris Company Secretary

About Auteco Minerals

Auteco Minerals Limited (ASX: AUT) is an emerging mineral exploration company currently focused on advancing high-grade gold resources at the Pickle Lake Gold Project in the world-class Uchi subprovince of Ontario, Canada. The Auteco Board of Directors and technical management team has a proven track record of discovering gold and creating wealth for shareholders and all stakeholders in recent years.

The Company also has a joint venture on the Limestone Well Vanadium-Titanium Project in Western Australia.