FIRST AU LIMITED — Capital/Financing Update 2021

Apr 5, 2021

First Au Limited

(ASX: FAU)

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6 April 2021

Extension of Rights Issue Closing Date

First Au Limited [ASX:FAU] ( FAU ) advises that the closing date of the non-renounceable pro-rata rights issue offer of 4 new options (each with an exercise price of $0.02 (2 cents), expiry date of 1 July 2023 and which, upon exercise, entitle the holder to one fully paid ordinary share in FAU) for every 5 shares held at 7:00pm (AEDT) on 23 February 2021 at an issue price of $0.005 (0.5 cents) per new option to raise approximately $2.45 million before costs ( Rights Issue ) has been extended to 5:00pm (AEST) on 16 April 2021.

The Board has determined to extend the closing date of the Rights Issue as there are results of exploration activities at the Snowstorm Project that are anticipated to be released in the coming days that may be relevant to shareholders in deciding whether to participate in the Rights Issue.

An extract of the timetable for the Rights Issue that was included in the supplementary prospectus dated 15 March 2021 (which supplemented the prospectus dated 18 February 2021) with amendments to the dates impacted by the extension of the closing date is set out below:

Closing date at 5:00pm (AEST) 16 April 2021 Announcement of results to ASX 21 April 2021 Proposed issue date 23 April 2021

Authorised by:

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Bryan Frost Executive Chairman, Managing Director

First Au Limited ACN 000 332 918

Registered Office: Level 1 / 123 Whitehorse Road, Balwyn Vic. 3103 Australia. Telephone 03 9817 0700 Facsimile 03 9817 0799 Website: www.firstau.com Email: info@firstau.com