KINGSTON RESOURCES LIMITED — Capital/Financing Update 2021

Nov 21, 2021

www.kingstonresources.com.au ACN 009 148 529

==> picture [412 x 41] intentionally omitted <==

ANNOUNCEMENT TO AUSTRALIAN SECURITIES EXCHANGE

22 November 2021

ASX Limited Companies Announcement Office Electronic Lodgement System

Dear Sirs

Cleansing Notice – Share Purchase Plan

Kingston Resources Limited ( Company ) is pleased to make offers to eligible shareholders to participate in a Share Purchase Plan (“ SPP ”). The SPP will provide eligible shareholders with an opportunity to apply for up to $30,000 worth of fully paid ordinary shares in the Company at the issue price of $0.20 per share.

The SPP will be offered in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (“ Instrument ”).

In accordance with Instrument, the Company gives notice that:

1. the Company will make offers to issue shares under the SPP without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (“ Act ”);

2. the Company is providing this notice under section 7(f) (ii) of ASIC instrument 2019/547;

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

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

   • (b) section 674 of the Act; and

4. as at the date of this notice, there is no excluded information (in accordance with the requirements of subsections 708A(7) and (8) of the Act as if this notice were a notice under paragraph 708A(5)(e) of the Act).

Authorised for release by the Board of Directors.

Yours faithfully

==> picture [138 x 48] intentionally omitted <==

Chris Drew

Chief Financial Officer & Company Secretary

1

201/110 Pacific Highway, North Sydney, NSW 2060, +61 2 8021 7492, info@kingstonresources.com.au