LCL RESOURCES LIMITED — Capital/Financing Update 2023

Dec 7, 2023

PERTH OFFICE: Level 3, 88 William Street, WA 6000 POSTAL: GPO Box 2570 Perth WA 6000 PH: + 61 (8) 9463 2463 EMAIL: info@lclresources.au lclresources.au ABN 43 119 759 349

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8 December 2023

Company Announcements Office Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

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

LCL Resources Limited (“ Company ”) gives notice to the ASX that on 8 December 2023 it issued and allotted 156,842,110 fully paid ordinary shares (“ Shares ”) at $0.019 under a Placement to Institutional and Sophisticated investors.

The Corporations Act 2001 (“Act”) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the Shares noted in the Appendix 2A that has been lodged with the ASX on the same date as this notice, will fall within the exemption in section 708A(5) of the Act.

Pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Corporations Act ”), the Company gives notice that:

• (a) The Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and

• (b) As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and section 674 of the Corporations Act; and

• (c) As at the date of this notice, there is no excluded information (as defined in paragraphs (7) and (8) of section 708A of the Act) which is required to be disclosed by the Company.

Yours faithfully

Michael Allen

Company Secretary