HIGHFIELD RESOURCES LIMITED — Board/Management Information 2021

Dec 9, 2021

ASX ANNOUNCEMENT

==> picture [99 x 97] intentionally omitted <==

ASX: HFR

10 December 2021

CFO Transition

Highfield Resources (ASX: HFR) (“Highfield” or the “Company”) advises that Chief Financial Officer, Mr Mike Norris, has left the Company to pursue other career opportunities. Mike has been in charge of the finance function in a challenging period when the Company achieved both the environmental permit and the mining concession for the Muga project.

The Board is pleased to advise that the Company’s Financial Manager, Mr Javier Aguado, has been promoted to Chief Financial Officer and will take up his new role immediately.

Mr Aguado was born and educated in Pamplona, Spain and has a Degree in Administration and Business Management and a Masters in Tax Advice, both from the University of Navarra. He has over 20 years’ accounting and financial experience, working for many years with the international accounting firm, Ernst and Young, and more recently the global Spanish based construction and energy company, Acciona.

In addition to his finance experience, Javier has an in-depth understanding of the Spanish legal, administrative and fiscal regimes that will be key as the Company moves into construction. Since his commencement with Highfield in 2018 Javier has gained detailed knowledge of Highfield’s financial operations and its overall financial strategy.

Endeavour Financial, which has been working with Highfield for the last 12 months, will continue to provide specialist support to the Company during the financing process for the construction of the Muga mine.

Ignacio Salazar, CEO, commented: “On behalf of the Board, I would like to thank Mike for his contributions to the Company and wish him well for his future endeavours. As we approach construction of the Muga project, I welcome Javier to the executive team. Javier brings a wealth of experience not only in finance, accounting and audit matters but also in project construction in Spain.”

-ENDS-

This announcement has been authorised for release by the Directors of Highfield Resources Limited

For more information:

Highfield Resources Limited

Ignacio Salazar – Chief Executive Officer and Managing Director Ph: +34 948 050 577

Olivier Vadillo - Investor Relations Ph: +34 609 811 257

Highfield Resources Head Office ACN 153 918 257 Avenida Carlos III, 13 - 1°B 31002 Pamplona, Spain | +34 948 050 577 ASX: HFR

==> picture [92 x 32] intentionally omitted <==

Registered Office

www.highfieldresources.com.au 169 Fullarton Road, Dulwich, SA Australia | +61 8 8133 5000

ASX ANNOUNCEMENT

==> picture [99 x 97] intentionally omitted <==

About Highfield Resources

Highfield Resources is an ASX listed potash company which focuses on the construction of its flagship low cost, low capex Muga-Vipasca Project in Spain having been granted the Mining Concession in July 2021.

Muga is a unique project – with decline accessible shallow potash mineralisation without overlying aquifers. The Project benefits from quality and readily accessible infrastructure already in place in the region and importantly, the Muga Project is located in the heart of a European agricultural region which has a clear demand for potash supply to meet future requirements.

Highfield’s potash tenements (Muga-Vipasca, Pintanos, and Sierra del Perdón) are located in the Ebro potash producing basin in Northern Spain, covering an area of around 262 km[2] .

LOCATION OF MUGA-VIPASCA, PINTANOS, AND SIERRA DEL PERDÓN TENEMENT AREAS IN NORTHERN SPAIN.

==> picture [452 x 301] intentionally omitted <==

==> picture [92 x 31] intentionally omitted <==

Highfield Resources ACN 153 918 257 ASX: HFR

www.highfieldresources.com.au