LORD RESOURCES LIMITED — Capital/Financing Update 2022

May 2, 2022

ASX ANNOUNCEMENT 3[rd] May 2022

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DRILLING COMMENCES AT JARAMA

HIGHLIGHTS

• Drilling has commenced at the Jarama Gold Project

• The 3,500m program is the first sub-surface exploration conducted at Jarama

• Drilling is targeting greenstone hosted deposits under transported cover

Lord Resources Limited ( ASX: LRD ) ( “Lord” or the “Company ”) is pleased to announce the commencement of its maiden drilling program at the Jarama Project, in the Murchison Region of Western Australia.

The 3,500m aircore (AC) drilling program is expected to take 2-3 weeks to complete, with the drill rig capable of undertaking both AC and RC, allowing for flexibility depending on conditions.

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Figure 1 – Jarama Project, Lord Resources Exploration Team

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Figure 2 – Jarama, planned drill lines overlain magnetics.

JARAMA Au PROJECT

The Jarama Project sits on a wedge of untested greenstone belt, that is predominantly covered with depositional colluvium, which obscures the underlying geology and any potential mineralisation. The AC drilling will be the first test of the underlying geology.

A 3D unconstrained inversion of magnetic data (Fig. 2) indicates the top of the magnetic feature to be from 10m to 30m below surface, which makes AC and shallow RC drilling the ideal method for testing for mineralisation beneath the cover.

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Figure 3 Jarama Project, drill rig on site

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This release is authorised by the Board of Directors of Lord Resources Limited. For further information please contact:

Barnaby Egerton-Warburton

Managing Director E: bew@lordresources.com

P: +61 437 29 11 55

ABOUT LORD RESOURCES

Lord Resources is an exploration company with a highly prospective portfolio of future facing metals located within Western Australia’s famed Greenstone belts and close to high profile and prolific historic and producing mines. Lord Resources’ five largely unexplored projects provide exposure to lithium, nickel, PGE and gold sectors (Figure 4).

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Figure 4 Lord Resources Project Portfolio

COMPETENT PERSON’S STATEMENT

The information in this report that relates to exploration results and exploration targets is based on and fairly represents information compiled by Ms Georgina Clark, a Competent Person who is a Member of the Australian Institute of Geoscientists. Ms Clark has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”). Ms Clark consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

All parties have consented to the inclusion of their work for the purposes of this announcement. The interpretations and conclusions reached in this announcement are based on current geological theory and the best evidence available to the author at the time of writing. It is the nature of all scientific conclusions that they are founded on an assessment of probabilities and, however might be, they make no claim for absolute certainty. Any economic decisions which might be taken on the basis of interpretations or conclusions contained in this presentation will therefore carry an element of risk.

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