MACRO METALS LIMITED — Capital/Financing Update 2023

Oct 29, 2023

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TERMINATION OF OPTION TO ACQUIRE LITHIUM CLAY PROJECT

30 October 2023: Macro Metals Limited ( ASX: M4M) ( Macro Metals , or the Company ) provides an update to the Announcement on 30 November 2022 and subsequent market update announcements relating to the binding option term sheet for the proposed acquisition of 100% of the Salar Verde Project in Chile. Following an extensive due diligence process (including technical and legal) the Company has agreed to release the vendors from the Option Agreement. As part of the release the Vendors will reimburse Macro Metals the sum of AUD 345,682 upon the sale of the Salar Verde Project.

The Company would like to thank the Vendors of the project for their co-operation during the option period.

-ENDS-

This announcement is authorised for release by the Board of Directors of Macro Metals Limited.

For further information, please contact:

Peter Huljich Non-Executive Chairman Macro Metals Limited Tel (office): +61 3 9692 7222 Email: info@macrometals.au

Suite 38, 460 Stirling Highway, PEPPERMINT GROVE, WA, AUSTRALIA, 6011 website: www.macrometals.au ACN: 001 894 033