HILLGROVE RESOURCES LIMITED — Capital/Financing Update 2021

Sep 21, 2021

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Wednesday, 22 September 2021

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

Dear Sir/Madam

Hillgrove Resources Limited (ASX Code: HGO)

Cleansing Notice – Notice under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547

This notice is given by Hillgrove Resources Limited ACN 004 297 116 ( Company ) under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547.

The Company announced today, on 22 September 2021, a non-underwritten share purchase plan ( Share Purchase Plan ) of fully paid ordinary shares in the capital of the Company ( SPP Shares ).

The Company confirms that:

• (a) the SPP Shares will be offered for issue without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Corporations Act );

• (b) this notice is being 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 Corporations Act as they apply to the Company; and

  • (ii) section 674 of the Corporations Act; and

• (d) there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act as if this notice were a notice under paragraph 708A(5)(e) of the Corporations Act.

This notice has been authorised for release by the Board of Directors of Hillgrove.

Yours faithfully

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Joe Sutanto Chief Commercial Officer & Company Secretary Hillgrove Resources Limited

IIII HILLGROVE RESOURCES LIMITED 5 – 7 King William Rd, Unley SA 5061, Australia ACN 004 297 116

www.hillgroveresources.com.au

T +61 8 7070 1698