HAMMER METALS LIMITED — Capital/Financing Update 2021

Apr 28, 2021

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CLEANSING NOTICE

ASX RELEASE 29 April 2021

SHARE PURCHASE PLAN – NOTICE UNDER ASIC CORPORATIONS (SHARE AND INTEREST PURCHASE PLANS) INSTRUMENT 2019/547

DIRECTORS / MANAGEMENT

Russell Davis Chairman

Daniel Thomas Managing Director

Ziggy Lubieniecki Non-Executive Director

David Church Non–Executive Director

Mark Pitts Company Secretary

Mark Whittle Chief Operating Officer

CAPITAL STRUCTURE

ASX Code: HMX

Share Price (28/04/2021) $0.105 Shares on Issue 750m Market Cap $79m Options Unlisted 27m Performance Rights 6.5m

Hammer Metals Ltd (ASX:HMX) (“ Hammer ” or the “ Company ”) refers to its announcement on 23 April 2021 in respect of a placement and a proposed Share Purchase Plan (SPP).

The Company intends to make offers of fully paid ordinary shares under the proposed Share Purchase Plan in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 and in relation to an offer of fully paid ordinary shares by the Company under a Share Purchase Plan to be dispatched to eligible shareholders of the Company.

The Company hereby notifies ASX that:

• a) the Company will make offers to issue shares under a Share Purchase Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (the “Act”);

• b) this notice is given in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547;

• c) as at the date of this notice, the Company has complied with:

  • i. the provisions of Chapter 2M of the Act as they apply to the Company; and

  • ii. section 674 of the Act; and

• d) as at the date of this notice, there is no information that is “excluded information” within the meaning of sections 708A(7) and (8) of the Act as if this notice were a notice under paragraph 708A(5)(e) of the Act.

This announcement has been authorised for issue by the Board of Hammer Metals Limited in accordance with ASX Listing Rule 15.5.

For further information please contact:

Daniel Thomas Managing Director

T +61 8 6369 1195 E info@hammermetals.com.au

T (08) 6369 1195 E info@hammermetals.com.au ABN 87 095 092 158 P Unit 1, 28-30 Mayfair Street, West Perth, WA 6005

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