LOTUS RESOURCES LIMITED — Capital/Financing Update 2020

Nov 22, 2020

Market Announcement

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23 November 2020

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Lotus Resources Limited (ASX: LOT) – Trading Halt (2+2)

Description

The securities of Lotus Resources Limited (‘LOT’) will be placed in trading halt at the request of LOT, pending it releasing an announcement regarding a capital raising. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 27 November 2020 or when the announcement is released to the market.

Issued by

Jessica Coupe

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

23 November 2020 ASX Limited

23 November 2020

ASX Announcement

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Australian Securities Exchange Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

Via email: tradinghaltsperth@asx.com.au

Dear Sir / Madam

REQUEST FOR TRADING HALT

Lotus Resources Limited (ASX: LOT), (the “ Company ”) requests a trading halt in the trading of the Company’s securities, pending an announcement regarding a capital raising.

In accordance with Listing Rule 17.1, the Company provides the following information in connection with this request:

• Pursuant to the Back to Back Trading Halts covered by the Class Waivers released by the ASX (under ASX Listing Rule 18.1) in their ASX Compliance Update released on 31 March 2020, the Company requests that the trading halt remains in place until the earlier of the commencement of normal trading on Friday, 27 November 2020 or an announcement in relation to the above;

• The Company is not aware of any reason why the trading halt should not be granted; and

• The Company is not aware of any further information necessary to inform the market of the trading halt.

Yours sincerely,

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STUART McKENZIE

Company Secretary

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