GOLDARC RESOURCES LIMITED — AGM Information 2020

Dec 2, 2020

ASX / MEDIA ANNOUNCEMENT 3 December 2020

ABN: 72 002 261 565

==> picture [146 x 54] intentionally omitted <==

Notice of Access to General Meeting

Dear Shareholder

Torian Resources Limited ( Torian or the Company ) is convening a General Meeting of shareholders to be held on Wednesday, 6 January 2021 at 10:00am WST at the Company’s offices located at 104 Colin Street, West Perth in Western Australia ( Meeting ).

In accordance with temporary modifications to the Corporations Act under the Corporations (Coronavirus Economic Response) Determination (No. 3) 2020, the Company is not sending hard copies of the Notice of Meeting to shareholders. A copy of the Notice of Meeting is available at the following link:

https://www.torianresources.com.au/announcements

PLEASE LODGE A DIRECTED PROXY & RECONSIDER MEETING ATTENDANCE

Given the restrictions in force and the uncertainty and potential health risks arising from the coronavirus (COVID-19) pandemic, Torian encourages and requests shareholders to lodge a directed proxy in advance of the meeting and recommends that shareholders do not attend the meeting in person.

Torian intends to strictly follow any government advice or requirements that are current at the time of the AGM [including in relation to 'social distancing' and “public gatherings”] and will take any additional measures considered necessary or appropriate for the safety of shareholders, employees, directors, venue staff and the general public. This is likely to include limiting or not allowing access to the Meeting venue.

As a result, shareholders are strongly encouraged not to plan to attend the Meeting in person and to instead lodge a directed proxy vote in advance of the meeting and watch the live Meeting webcast. We encourage shareholders to submit a directed proxy as early as possible.

To lodge your proxy, please follow the steps on the proxy form accompanying the Notice of Meeting and lodge it as soon as practicable and by no later than 10:00am WST (Perth time) on Monday, 4 January 2021.

Shareholders are encouraged to submit questions in advance of the meeting by email to info@torianresources.com.au or by facsimile to +61 8 9322 4130 by no later than 10:00am WST (Perth time) on Monday, 4 January 2021.

The Meeting will be made accessible to shareholders via a live webcast which will include the facility for shareholders to ask questions in relation to the business of the meeting. For instructions on how to join the webcast please e-mail info@torianresources.com.au

E : info@torianresources.com.au Directors W : www.torianresources.com.au PO Box 191 West Perth WA 6872

104 Colin Street West Perth WA 6005 T : +61 8 9420 8208 F : +61 8 9322 4130

Paul Summers, Executive Chairman Peretz Schapiro, Executive Director Dale Schultz, Non-Executive Director Matthew Foy, Company Secretary

The situation regarding COVID-19 is evolving rapidly and Torian is following the health advice of the Australian Government. Torian appreciates the understanding of its shareholders as it navigates this difficult situation.

Voting by Proxy

Appointment of Proxy: Shareholders who are entitled to attend and vote at the Meeting, may appoint a proxy to act generally at the Meeting and to vote on their behalf. The proxy does not need to be a Shareholder.

A Shareholder that is entitled to cast two or more votes may appoint two proxies and should specify the proportion of votes each proxy is entitled to exercise. If a Shareholder appoints two proxies, each proxy may exercise half to the Shareholder’s votes if no proportion or number of votes is specified.

Voting by proxy: A Shareholder can direct its proxy to vote for, against or abstain from voting on each Resolution by marking the appropriate box in the voting directions to your proxy section of the Proxy Form. If a proxy holder votes, they must cast all votes as directed. Any directed proxies that are not voted will automatically default to the Chairman, who must vote the proxies as directed in the Proxy Form.

Voting in Person

Torian encourages and requests shareholders to lodge a directed proxy in advance of the meeting and recommends that shareholders do not attend the meeting in person. To vote in person, attend the Meeting on the date and at the place as set out above. If possible, shareholders are asked to arrive at the venue 15 minutes prior to the time designated for the Meeting, so that the Company may check the Shareholders’ holding against the Company’s register and note attendance.

Proxy Forms must be received by no later than 10:00am (WST) on Monday 4 January 2021.

If COVID-19 social distancing restrictions change prior to the Meeting, the Company will advise via an ASX announcement as to any changes in the manner in which the Meeting will be held and as to whether shareholders will still be able to attend in person and participate in the usual way.

The Notice is important and should be read in its entirety. If you are in doubt as to the course of action you should follow, you should consult your financial adviser, lawyer, accountant or other professional adviser.

This announcement has been authorised for release by the Board.

Matthew Foy Company Secretary Torian Resources Ltd info@torianresources.com.au

==> picture [78 x 30] intentionally omitted <==

Page 2 of 2 / 3 December 2020