HAWSONS IRON LTD — Capital/Financing Update 2020

Oct 11, 2020

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12 October 2020

Market Announcements Office ASX Limited Exchange Centre, 20 Bridge Street Sydney NSW 2000

Share Purchase Plan

As announced on 8 October 2020, Carpentaria Resources Limited (ASX:CAP) (the Company ) will make offers to issue fully paid ordinary shares in the Company ( Shares ) to eligible shareholders under a share purchase plan ( SPP ) without disclosure to investors in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (the ASIC Instrument ).

The SPP will involve the issue of up to approximately 34,000,000 new Shares and will allow each eligible Shareholder to apply for up to 857,142 new Shares ($30,000.00) at an issue price of $0.035 per Share to raise gross proceeds of up to $1,190,000 without incurring brokerage or any other transaction costs.

The Company gives notice under paragraph 7(f)(ii) of the ASIC Instrument that:

• the Company will make offers to issue Shares under the SPP without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (the Act );

• this notice is being given in accordance with the ASIC Instrument;

• as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

• as at the date of this notice, there is no excluded information (in accordance with the requirements of subsections 708A(7) and (8) of the Act as if this notice were a notice under paragraph 708A(5)(e) of the Act).

For and on behalf of the Board

Quentin Hill Managing Director

+61 7 3220 2022

Carpentaria Resources Limited ABN: 63 095 117 981 ASX: CAP

Level 6, 345 Ann Street info@capres.net.au Brisbane Qld 4000 Page 1 of 1 carpentariares.com PO Box 10919, Adelaide St Brisbane Qld 4000