HAMMER METALS LIMITED — Major Shareholding Notification 2021

Jul 27, 2021

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ASX RELEASE 28 July 2021

DIRECTORS / MANAGEMENT

Russell Davis Chairman

Daniel Thomas Managing Director

MAJOR SHAREHOLDER ADVISES INCREASE IN HAMMER HOLDINGS

Hammer Metals Ltd (ASX:HMX) (“ Hammer ” or the “ Company ”) attaches a Notice of change of interests of substantial holder (Form 604) lodged by Hammer’s largest shareholder, Mr Paul Clarke. The latest substantial holder notice shows an increase in Mr Clarke’s holdings to 13.39% of the Company.

Mr Clarke was an original seed capital investor in Hammer Metals and over time has continued to grow his holdings in the Company. The Board welcome’s Mr Clarke’s ongoing support and endorsement.

Ziggy Lubieniecki Non-Executive Director

David Church Non–Executive Director

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

Mark Pitts Company Secretary

Mark Whittle Chief Operating Officer

CAPITAL STRUCTURE

ASX Code: HMX

Share Price (27/07/2021) $0.084 Shares on Issue 813m Market Cap $68m Options Unlisted 27m Performance Rights 6.5m

For further information please contact:

Daniel Thomas Managing Director

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

- END -

About Hammer Metals

Hammer Metals Limited (ASX: HMX) holds a strategic tenement position covering approximately 2,200km[2] within the Mount Isa mining district, with 100% interests in the Kalman (Cu-Au-Mo-Re) deposit, the Overlander North and Overlander South (Cu-Co) deposits and the Elaine (Cu-Au) deposit. Hammer also has a 51% interest in the Jubilee (Cu-Au) deposit. Hammer is an active mineral explorer, focused on discovering large copper-gold deposits of Ernest Henry style and has a range of prospective targets at various stages of testing. Hammer also holds a 100% interest in the Bronzewing South Gold Project located adjacent to the 2.3 million-ounce Bronzewing gold deposit in the highly endowed Yandal Belt of Western Australia.

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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

hammermetals.com.au

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changedto chanqe (7)affected
01to3t2021Central0213t2021Central	utualOn-markMutualOn-mark	etpurchaseetpurchase	$162,3801,$122,7371,	333,3331,333,33000,0001,000,00
o
osto3t2021Central1052021Gentral	MulualOn-markMulualOn-mark	etpurchaseetpurchase	$238,9442,$19400	222,2222,222,2220000020000
tot19t11t2020LundieLundie	On-markOk	et saleturchase	,$28,700	,(700,000,700,000
12t05t202122106t2021MrsNCl	arkeOn-markn-mar	etpurchasesep	$4,8s0$220,8252,	50,00050,00750,0002,750,00

Name and ACN/ARSN(ifapplicable)	Nature of association
CentralMutual (lnv)PtyLtd	EntitiesaretrusteeCompanieswhicharecontrolledbyMr PClarke and hersaoftheundTrust
Lundie lnvestmentsPtyLtd	EntitiesaretrusteeCompan ieswhicharecontrolledby MrPClarke and heis abeneficoftheundnTrust
MrsNClarke	MrsNClarkeisthespouse ofMrPClarke
Addr€sses
e addresses of persons namedinthis form are asfollows
Name	Address
Central Mutual(lnv) PtyLtd &Lundie lnvestmentsPtyLtd	Suite 201, Level 2,1473SydneyRdCampbellfieldVic3061
MrsNClarke	Suite 201, Level 2,1473Sydney Rd Campbellfielct Vic3061
MrPClarke	Suite 201, Level 2,1473SydneyRdCampbellfieldVic3061

re
print name	PaulCClarke	capacity	ManagingDirector
signhere	c--;4.--<br>.\Lr.__-	date	26July2O21