GROUP 6 METALS LIMITED — Capital/Financing Update 2021

Nov 3, 2021

4 November 2021

The Manager The Company Announcements Office Australian Securities Exchange

Cleansing Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by King Island Scheelite Limited ABN 40 004 681 734 (ASX Code: KIS) ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

Following the Company’s announcement on 6 October 2021 of a proposed issue of ordinary fully paid shares, the Company has issued a total of 102,238,222 ordinary fully paid shares for an issue price of A$0.14 per share ( Shares ) as follows:

Date Issued	Date of Cleansing Notice	Number of Shares	$
7 October 2021	14 October 2021	87,223,934	12,211,351
14 October 2021	14 October 2021	13,785,716	1,930,000
4 November 2021	4 November 2021	1,228,572	172,000
Total		102,238,222	14,313,351

In respect of the Shares issued on 4 November 2021 and in accordance with section 708(6) of the Corporations Act, the Company provides notice to the ASX that:

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

2. this notice is being given under section 708A(5)(e) of the Corporations Act;

3. 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; and

4. as at the date of this notice, there is no “excluded information” of the type referred to in section 708A(7) and 708A(8) of the Corporations Act that investors and their professional advisors would reasonably have expected to find in a disclosure document.

This announcement has been authorised for release by the Directors of King Island Scheelite Limited.

For further information, please contact:

Executive Chairman Johann Jacobs King Island Scheelite Limited E: kis@kisltd.com.au

T: +61 416 125 449 W: www.kingislandscheelite.com.au

Investor Relations Tim Dohrmann NWR Communications E: tim@nwrcommunications.com.au T: +61 468 420 846