FIRST AU LIMITED — Capital/Financing Update 2022

Feb 6, 2022

First Au Limited (ASX: FAU)

==> picture [143 x 51] intentionally omitted <==

Date: 7 February 2022

FAU WITHDRAWS FROM MT TURNER OPTION

First Au Limited (“FAU” or “the Company”) (ASX: FAU, OTCQB: FRSAF) wishes to advise that it has terminated the terms sheet announced to the ASX on 11 January 2022 in relation to the Mt Turner Project. After undertaking due diligence, the Company has decided the Mt Turner Project does not meet the investment criteria of FAU to proceed.

Authorised by:

==> picture [60 x 109] intentionally omitted <==

Bryan Frost

Executive Chairman, Managing Director

For further information please contact : Ryan Skeen, CEO rskeen@firstau.com +61 409 000 679

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