FIRST AU LIMITED — Capital/Financing Update 2021

Jan 4, 2021

First Au Limited

(ASX: FAU)

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• 5 January 2021

FAU & 8 AU LIMITED FARM-IN & JV AGREEMENT

First Au Limited [ASX:FAU] ( the Company ) announces that it has entered into formal Farm-In and Joint Venture Agreement with 8AU Limited ( JVA ). The JVA replaces the Terms Sheet the subject of the Company’s announcement on 20 November 2020. The terms of the JVA reflect the commercial terms previously announced save that the Company has negotiated an increase in the amount to paid to it on commencement of the farm-in and joint venture as recognition for past expenditure at the Talga project (from $100,000 to $180,000). The Company expects to lodge a notice of meeting for the purpose of seeking approval for the farm-in and joint venture in mid-January.

Authorised by:

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David McBain Company Secretary

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