JINDALEE LITHIUM LIMITED — Share Issue/Capital Change 2021

May 3, 2021

ASX RELEASE ASX: JRL 4 May 2021

Cleansing Statement

Jindalee Resources Limited (ABN 52 064 121 133) ( Company ) has today issued 200,000 fully paid ordinary shares following the exercise of options.

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

This notice is given by the Company in relation to 200,000 shares issued by the Company ( Shares ) following the exercise of options that were issued to parties without disclosure under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act ).

The Company gives notice under section 708A(5)(e) of the Act that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) 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;

• (c) as at the date of this notice, the Company has complied with section 674 of the Act; and

• (d) as at the date of this notice, there is no “excluded information” within the meaning of sections 708A(7) and 708A(8) of the Act that is required to be disclosed by the Company under section 708A(6)(e) of the Act.

Approved by: Board of Jindalee Resources Limited.

For further information please contact: Trish Farr Executive Director/ Company Secretary

T +61 8 9321 7550 E enquiry@jindalee.net W www.jindalee.net

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