FORTUNA METALS LTD — Capital/Financing Update 2021

Dec 20, 2021

ABN 96 095 684 389

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Address Level 8, 99 St Georges Tce Perth, WA 6000 Phone +61 8 9486 4036

WEBSITE

www.frontierresources.net.au

ASX Limited Market Announcements Platform

21 December 2021

Notice Given Under Section 708A(5)(e) of the Corporations Act

Frontier Resources Limited ( Frontier or the Company ) hereby gives notice to ASX for the purpose of section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that on 21 December 2021 it issued and allotted a total of 25,000,000 fully paid ordinary shares in the capital of the Company ( Shares ) without disclosure under Part 6D.2 of the Corporations Act.

The Shares are part of a class of securities quoted on ASX and may be subject to a subsequent offer for sale.

An Appendix 2A was lodged on 21 December 2021 in respect to the Shares issued and the Company hereby notifies ASX under s708A(5)(e) of the Corporations Act that:

1. the Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act.

2. as at the date of this notice the Company has complied with:

   • (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • (b) section 674 of the Corporations Act.

3. as at the date of this notice there is no "excluded information" (as defined in sections 708A (7) and (8) of the Corporations Act) which is required to be disclosed by the Company.

For additional information please visit our website at www.frontierresources.net.au

This announcement has been authorised for release by:

Matthew Foy Company Secretary Frontier Resources Limited

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