INVICTUS ENERGY LTD — Capital/Financing Update 2021

Mar 21, 2021

Market Announcement

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22 March 2021

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Invictus Energy Limited (ASX: IVZ) – Trading Halt

Description

The securities of Invictus Energy Limited (‘IVZ’) will be placed in trading halt at the request of IVZ, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 24 March 2021 or when the announcement is released to the market.

Issued by

Daniel Nicholson

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

22 March 2021 ASX Limited

Invictus Energy Limited ("Invictus" or "the Company"), In accordance with the requirements of Listing Rule 17.1, Invictus Energy Ltd hereby requests a trading halt of the Company’s securities (IVZ).

The Company will be providing an update in relation to a capital raising.

The Company is expecting to announce an update to the market on or prior to the commencement of trading on 24 March 2021.

The Company is not aware of any reason why the trading halt should not be granted.

About Invictus Energy

Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. Our asset portfolio consists of a highly prospective 250,000 acres within the Cabora Bassa Basin in Zimbabwe. Special Grant 4571 contains the world class multiTCF Mzarabani and Msasa conventional gas-condensate prospects.

Board & Management

Dr Stuart Lake

NON-EXECUTIVE CHAIRMAN

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Scott Macmillan MANAGING DIRECTOR

Authorised for release by & for further information, please contact:

Barnaby Egerton-Warburton NON-EXECUTIVE DIRECTOR

Gabriel Chiappini

Scott Macmillan

Managing Director P + 61 (08) 6102 5055 info@invictusenergy.com

NON-EXECUTIVE DIRECTOR & COMPANY SECRETARY

Brent Barber

COUNTRY MANAGER

24 Outram Street, West Perth, WA 6005 Australia T: +61 8 6102 5055 E: info@invictusenergy.com

Invictus Energy Limited ABN 21 150 956 773

www.invictusenergy.com

For further information on Invictus Energy, please visit the Company's website at www.invictusenergy.com

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About the Cabora Bassa Project

The Cabora Bassa Project encompasses the Mzarabani Prospect, a multi-TCF and liquids rich conventional gascondensate target, which is potentially the largest, undrilled seismically defined structure onshore Africa. The prospect is defined by a robust dataset acquired by Mobil in the early 1990s that includes seismic, gravity, aeromagnetic and geochemical data.

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