LODE RESOURCES LTD — Capital/Financing Update 2023

Feb 13, 2023

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A.B.N. 30 637 512 415

14 February 2023

The Manager Companies ASX Limited. 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 14,800,000 new fully paid ordinary shares at an issue price of $0.30 per share for a total consideration of $4,440,000 before costs (‘Placement Shares’). The Company has also issued 4,933,333 listed options and 2,500,000 unlisted options. 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 674A of 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,

Marcelo Mora Company Secretary

ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Level 30, 264 George St Sydney NSW 2000 | P: +61 2 9199 8017 | E: info@loderesources.com