GREAT BOULDER RESOURCES LIMITED — Capital/Financing Update 2020

Aug 19, 2020

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Dispatch of Entitlement Offer Prospectus

Great Boulder Resources Limited [ASX: GBR] (“Great Boulder” or “the Company”) is pleased to confirm that in accordance with the indicative timetable, the Non-Renounceable Entitlement Offer Prospectus (“Prospectus”) together with the accompanying personalised Entitlement and Acceptance Form, has been dispatched by mail as at close of business on Thursday, 20 August 2020.

Shareholders are advised that the offer under the Prospectus is open for subscription from 8.00am (Perth time) Monday, 24 August 2020 and the proposed closing date is 5.00pm (Perth time) on Friday, 4 September 2020.

Eligible Shareholders can access their personalised Entitlement and Acceptance form online from 24 August 2020 at https://investor.automic.com.au/#/home

Indicative Timetable

The proposed timetable for the Placement and Entitlement Offer is set out below:

Event	Date
Record Date (the date for identifying Shareholders entitled	Wednesday, 19 August 2020
to participate in the Entitlement Offer).
Prospectus despatched to Eligible Shareholders with	Thursday, 20 August 2020
personalised entitlement and acceptance form, and
Company announces despatch has been completed
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, 4 September 2020
New shares issued	Wednesday, 9 September 2020
Shares quoted on a deferred settlement basis	Wednesday, 9 September 2020
New Shares commence normal trading on ASX	Thursday, 10 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.

ASX Code: GBR Contact: Andrew Paterson, Managing Director E: admin@greatboulder.com.au GREATBOULDER.COM.AU P: +61 8 9321 6037 PO Box 677, West Perth 6005, Western Australia ABN 70 611 695 955

ASX Announcement

2

20 August 2020

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For further information contact:

Andrew Paterson

Managing Director

Great Boulder Resources Limited admin@greatboulder.com.au

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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E: admin@greatboulder.com.au 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