LCL RESOURCES LIMITED — Major Shareholding Notification 2021

Jun 27, 2021

28 June 2021

ASX Announcement

HIGHLIGHTS

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ASX: LCL

Major Shareholder early exercise of $1.25M LCL Options

Los Cerros Limited (ASX: LCL) (Los Cerros or the Company) advises that Lizeng Pty Ltd, following the exercise of 12,500,000 options at an exercise price of 10c per option, has been issued 12,500,000 ordinary shares in Los Cerros, for a total consideration of $1.25M. Lizeng Pty Ltd is a company owned by Dr Minlu Fu, Los Cerros’ largest shareholder. The options were due to expire on 6 April 2022 and have been exercised approximately 10 months early.

The Company welcomes Dr Fu’s ongoing support and considers the additional investment a strong endorsement of the Company’s progress and future prospects.

For the purpose of ASX Listing Rule 15.5, the Board has authorised this announcement to be released.

For further enquiries contact:

Jason Stirbinskis

Managing Director - Los Cerros Limited 12/11 Ventnor Avenue WEST PERTH WA 6005 jason@loscerros.com.au