HAWK RESOURCES LIMITED. — Capital/Financing Update 2025

May 20, 2025

ASX ANNOUNCEMENT 21 May 2025

==> picture [180 x 112] intentionally omitted <==

Listing on the OTCID market to facilitate access to US investors

Hawk Resources Limited (ASX: HWK) ( Hawk or the Company ) is pleased to announce that its ordinary shares have begun trading on the OTCID Market in the USA under the symbol HAWRF . There are no changes to the trading of the Company’s ordinary shares on its home exchange ASX, under the ticker HWK.

The OTCID listing will allow US investors to trade Hawk’s ordinary shares in US dollars during US market hours. It also provides Hawk with a platform to forge strong partnerships in US capital markets through targeted research, data analysis, media and investor relations and a direct channel for US investors to obtain simplified access to the same information and disclosures as Australian investors.

Commenting on being admitted to the OTCID Market, Hawk’s Managing Director, Scott Caithness, said:

“Gaining admittance to the OTCID Market is an important development for Hawk Resources given that its prime exploration focus is the Cactus copper-gold project located near the town of Milford in southern Utah. The listing enables Hawk to post its ASX releases on the OTCID and USA investors to freely buy and sell Hawk shares.

“Cactus is an historical copper-gold mining district. The Cactus copper-gold-silver mine was the largest operation with reported production of 1.27 million tonnes of ore grading 2.07% copper, 0.33g/t gold and 7.6ppm silver . Multiple post mining drill hole intersections into the Cactus deposit contain high grade copper including 41m @ 1.9% Cu, 0.62g/t Au within 74m @ 1.1% Cu, 0.35g/t Au , 4.9m @ 6.72% Cu within 43.6m @ 1.69% Cu and 12.2m @ 3.31% Cu within 22.9m @ 2.06% Cu from 1.5m downhole.[1]

“Hawk’s recent exploration has identified six Cactus-like targets with coincident anomalous copper in soils, magnetic and induced polarisation geophysical anomalies and structures.[ 2] These include the New Years prospect where initial Hawk drilling in 2024 intersected 8m @ 1.3% Cu and 4m @ 1.7% Cu within 30m @ 0.78% Cu from 10m downhole and 8m @ 2.8% Cu and 6m @ 1.5% Cu within 26m @ 1.3% Cu from surface.[3] ”

==> picture [595 x 67] intentionally omitted <==

1 See HWK ASX Announcement dated 22 February 2024 2 See HWK ASX Announcement dated 25 April 2025 3 See HWK ASX Announcement dated 18 November 2024

ASX ANNOUNCEMENT 21 May 2025

==> picture [180 x 112] intentionally omitted <==

END

This announcement was authorised for release by the Board of Hawk Resources Limited.

HAWK RESOURCES LIMITED

ABN: 55 165 079 201 Suite 1, Level 6, 350 Collins Street, Melbourne, 3000, VIC www.hawkresources.com.au

For further information:

Scott Caithness , Managing Director Rod North, Managing Director Hawk Resources Limited Bourse Communications Pty Ltd M: +61 3 8630 3321 M: +61 408 670 706 E: scott@hawkresources.com.au E: rod@boursecommunications.com.au

About Hawk Resources Limited

Hawk Resources specialises in critical and precious metal exploration.[4] The Company has copper and gold projects in Utah, USA (Cactus and Detroit) plus eight (8) lithium projects in Minas Gerais and Bahia, Brazil Resources Corp. Hawk’s objective is to rapidly discover, delineate and develop critical and precious metal deposits for mining. The Company’s project portfolio has high potential for discovery as it lies in under-explored geological belts with similar geology to neighbouring mining districts. Our exploration plans also include reviewing new opportunities to secure and upgrade our pipeline of projects.

For more information please visit: https://hawkresources.com.au/

==> picture [595 x 67] intentionally omitted <==

4 https://www.energy.gov/cmm/what-are-critical-materials-and-critical-minerals