MANDRAKE RESOURCES LIMITED — Capital/Financing Update 2024

Oct 29, 2024

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Secondary Trading Notice - 708A(5)

Date: 30 October 2024

ASX Code: MAN

Directors

Lloyd Flint Non-Executive Chairman Company Secretary

Roger Fitzhardinge Non-Executive Director

James Allchurch Managing Director

Contact Details

Level 1 10 Outram Street West Perth WA 6005 Australia

Tel: +61 8 9200 3743 Fax: +61 8 9200 3742

mandrakeresources.com.au

Mandrake Resources Ltd (ASX: MAN) (Mandrake or the Company) has issued 3,000,000 ordinary fully paid shares following conversion of 3,000,000 Performance Rights (Performance Rights C). The Performance Rights C vested on achievement of the relevant hurdle. The Company has also issued 7,500,000 ordinary fully paid shares (Consultancy Securities) in lieu of cash. The issue of Consultancy Securities satisfies the Company’s obligations for investor relations services.

An Appendix 2A follows this notice detailing the application for quotation of the shares.

Secondary Trading Exemption

The Corporations Act 2001 ("Act") restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under section 708A(5)(e) of the Act that:

• (a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at the date of this notice there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • a. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • b. the rights and liabilities attaching to the Securities.

The release of the statement is authorized by the board of directors.

Lloyd Flint Company Secretary admin@mandrakeresources.com.au (08) 9200 3743

Mandrake Resources Limited I ACN: 006 569 124 Level 1, 10 Outram Street West Perth WA

www.mandrakeresources.com.au