IMPACT MINERALS LIMITED — Capital/Financing Update 2021

May 5, 2021

==> picture [201 x 74] intentionally omitted <==

6 May 2021

Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 6000

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001 (Cth)

Further to the Appendix 2A released today, Impact Minerals Limited (ASX: IPT) advises that it has now issued 484,236 fully paid ordinary shares ( Shares ).

In accordance with Section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) the Company gives the following notice:

1. The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

2. This notice is being given under section 708A(5)(e) of the Corporations Act.

3. As at the date of this notice the Company has complied with:

   • a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b. Section 674 of the Corporations Act.

4. As at the date of this notice, there is no information that is “excluded information” of the type referred to in section 708A(7) and 708A(8) of the Corporations Act.

Yours faithfully

==> picture [91 x 36] intentionally omitted <==

Bernard Crawford Company Secretary

• A 26 Richardson Street West Perth Western Australia 6005

• E info@impactminerals.com.au

T +61 (8) 6454 6666 F +61 (8) 6454 6667

W impactminerals.com.au

ABN 52 119 062 261