LODE RESOURCES LTD — Capital/Financing Update 2022

Aug 24, 2022

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A.B.N. 30 637 512 415

25 August 2022

Ms Angel He Adviser, Listing Compliance (Sydney) ASX Compliance Pty Ltd. 20 Bridge Street Sydney NSW 2000

NEW ISSUE CLEANSING NOTICE

The Directors of Lode Resources Ltd (‘Lode’ or ‘the Company’) are pleased to advise that, the Company has issued 11,661,000 new fully paid ordinary shares at an issue price of $0.14 per share for a total consideration of $1,632,540 before costs (‘Placement Shares’). The Placement Shares were issued within the Company’s placement capacity pursuant to ASX Listing Rule 7.1 and 7.1A.

Notification under section 708A(5)(e) of the Corporations Act 2001

The Company gives this Notice under section 708A(5)(e) of the Corporations Act 2001 (‘Corporations Act’) that:

• a) the Placement Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• b) as at the date of this notice, the Company confirms it has complied with:

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

  • (ii) Section 674 and 674Aof the Act as they apply to the Company.

• c) as at the date of this notice, there is no ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Corporations Act 2001.

This announcement has been approved by the Managing Director, Ted Leschke.

Yours Sincerely,

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Marcelo Mora Company Secretary

LODE RESOURCES LTD ABN 30 637 512 415

Level 30, Australia Square, 264 George Street Sydney NSW 2000 Australia

T +61 2 9008 1381 F +61 2 8834 0720