LOTUS RESOURCES LIMITED — Proxy Solicitation & Information Statement 2020

May 13, 2020

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ABN 38 119 992 175

Dear Shareholder,

Lotus Resources Limited – Upcoming General Meeting

Lotus Resources Limited (ASX:LOT) ( Lotus or the Company ) will be holding a general meeting at 11:00 am (Perth time) on 22 June 2020 (the Meeting ).

The Company is closely monitoring the impact of the COVID-19 virus in Western Australia and following guidance from the Federal and State Governments. The Meeting will be held virtually. There will not be a physical meeting where shareholders can attend in person.

In accordance with temporary modifications to the Corporations Act under the Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 , the Company is not sending hard copies of the Notice of Meeting to shareholders. The Notice of Meeting can be viewed and downloaded from the website link set out below.

Please also refer to the Online Meeting Guide attached to the Notice of Meeting or available for download from the company website www.lotusresources.com.au for details on how shareholders will be able to participate in the Meeting.

To be able to vote online and read all the Meeting documents please follow the next steps:

• Go to www.investorvote.com.au

• Add the 6 digit control number: 133853

• Add your HIN/SRN and postcode to log-on.

Alternatively, a complete copy of the important Meeting documents has been posted on the Company’s ASX market announcements page.

If you have nominated an email address and have elected to receive electronic communications from the Company, you will also receive an email to your nominated email address with a link to an electronic copy of the important Meeting documents.

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In order to be able to receive electronic communications from the Company in the future, please update your shareholder details online at http://www.investorcentre.com/ and log in with your unique shareholder identification number and postcode (or country for overseas residents), that you can find on your enclosed personalised proxy form. Once logged in you can also lodge your proxy vote online by clicking on the “Vote” tab.

If you are unable to access any of the important Meeting documents online please contact the Company Secretary, Amanda Burgess, on +61 8 9278 2441 or via email at amanda.burgess@lotusresources.com.au

For and on behalf of the board

Amanda Burgess Company Secretary

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