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GREAT BOULDER RESOURCES LIMITED Capital/Financing Update 2020

Aug 31, 2020

64967_rns_2020-08-31_d3db5d28-d1b9-4682-8a6f-69aa4475ec79.pdf

Capital/Financing Update

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----- Start of picture text ----- ASX Announcement1 September 2020----- End of picture text -----

Entitlement Offer – Extension of Closing Date

Great Boulder Resources Limited [ASX: GBR] (“Great Boulder” or “the Company”) advises that it has resolved to extend the Closing Date for the current Non-Renounceable Entitlement Offer. As announced to the ASX on 10 August 2020, the Company is offering a fully-underwritten, nonrenounceable entitlement offer of one share for every six shares held by eligible shareholders, to issue up to 22,242,332 new fully paid shares at an issue price of $0.043 per share to raise up to $0.96 million. Eligible Shareholders may also apply for Shortfall Shares in addition to their entitlement.

The Closing Date for the Entitlement Offer has been extended by 5 business days to 5.00pm (Perth time) on Friday, 11 September 2020.

Eligible Shareholders can access their personalised Entitlement and Acceptance form online at https://investor.automic.com.au/#/home

Indicative Timetable

The revised indicative timetable for the Entitlement Offer is set out below:

Event Date
Record Date (the date for identifying Shareholders entitledto participate in the Entitlement Offer). Wednesday, 19 August 2020
Prospectus despatched to Eligible Shareholders withpersonalised entitlement and acceptance form, andCompany announces despatch has been completed Thursday, 20 August 2020
Entitlement Offer opens Monday, 24 August 2020
Last day to notify ASX of an extension to the Closing Date Tuesday, 1 September 2020
Entitlement Offer Closing Date Friday, 11 September 2020
Shares quoted on a deferred settlement basis Monday, 14 September 2020
New shares issued Wednesday, 16 September 2020
New Shares commence normal trading on ASX Thursday, 17 September 2020

Please refer to the Prospectus and ASX announcements on 10 and 13 August 2020.

Shareholders should fully consider the Prospectus in deciding whether to acquire the securities. Anyone interested to acquire securities will need to complete the application form that will be in or will accompany the Prospectus.

E: [email protected] GREATBOULDER.COM.AU ABN 70 611 695 955

ASX Code: GBR Contact: Andrew Paterson, Managing Director P: +61 8 9321 6037 PO Box 677, West Perth 6005, Western Australia

ASX Announcement

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1 September 2020

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For further information contact:

Andrew Paterson

Managing Director Great Boulder Resources Limited [email protected]

About Great Boulder Resources

Great Boulder is a mineral exploration company with projects in the Yilgarn region of Western Australia. With a focus on base metals and gold, the Company has a range of projects from greenfields through to advanced exploration. With advanced copper-nickel-cobalt projects including Mt Venn and Winchester, and the Whiteheads and Side Well gold projects plus the backing of a strong technical team, the Company is well positioned for future success.

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GREAT BOULDER PROJECTS

E: [email protected] GREATBOULDER.COM.AU ABN 70 611 695 955

ASX Code: GBR Contact: Andrew Paterson, Managing Director P: +61 8 9321 6037 PO Box 677, West Perth 6005, Western Australia