KGL RESOURCES LIMITED — Capital/Financing Update 2021

May 19, 2021

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www.kglresources.com.au 7/167 Eagle St Brisbane 4000

20 May 2021

Issue of cleansing notice under section 708A Corporations Act – KGL Resources Limited (ASX Code: KGL)

KGL Resources Limited ( KGL ) today issued 5,200,000 fully paid ordinary shares in KGL ( Shares ) to institutional investors, as outlined in KGL’s announcement of 14 May 2021.

KGL issued the Shares without disclosure to investors under section 708A(5) Corporations Act 2001 (Cth) ( Corporations Act ).

Details of the securities issued

Class of securities: Fully paid ordinary shares ASX Code of the securities: KGL Date of the issue: 20 May 2021 Total number of securities issued: 5,200,000 Shares

As required by section 708A(6) Corporations Act, KGL advises:

• (a) the Shares were issued without disclosure to investors under part 6D.2 Corporations Act;

• (b) this notice is being given under section 708A(5)(e) Corporations Act;

• (c) as at the date of this notice, KGL has complied with:

  • (i) the provisions of chapter 2M Corporations Act as they apply to KGL; and

  • (ii) section 674 Corporations Act; and

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

Signed for and on behalf of KGL Resources Limited:

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Kylie Anderson Company Secretary KGL Resources Limited

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