MANUKA RESOURCES LTD. — Capital/Financing Update 2021

Oct 11, 2021

ASX Announcement 12 October 2021

ASX: MKR

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Record Profit for September, Debt Reduced

Manuka is pleased to announce a record month of gold sales and profitability from its Mt Boppy operation.

As mentioned in our release on 5 October, the month of September has continued the strong gold production and sales trends seen during the Quarter, with Manuka achieving its third consecutive record. Following completion of its September management accounts, Manuka Resources Limited (Manuka or the Company) is pleased to advise of another record profit achieving $4.1 million in profit for September.

The Company anticipates lodging its more comprehensive Quarterly Activities Report and 4C shortly.

Sales RevenuesGold soldSilver sold	AUD $9.12 million3,710 oz2,757 oz
Total costs (including finance and corporateoverhead)	AUD $5.0 million
Unaudited Monthly profit	AUD $4.1 million

The Company further advises that following three months of excellent cashflow generation, it has elected to make a principal repayment of US$1 million against its existing debt facility during September 2021. Although the Facility is not due for repayment until 30[th] September 2022, Manuka has the capacity within the terms of the Facility to make early repayments with no penalty. The residual balance at the time of writing is USD$9.0m

Manuka continues to work towards an internal target for debt repayment of Q1 2022, in line with the conclusion of gold production from the current pit-shell at Mt Boppy.

Specific details surrounding company liquidity, as well as on exploration, development and production activities, and an Appendix 5B, will all be included in the September Quarterly Activities Report.

About Manuka

Manuka Resources Limited (ASX: MKR) is an Australian mining and exploration company located in the Cobar Basin, central west New South Wales. It is the 100% owner of two fully permitted gold and silver projects which include the following:

Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 tel +61 412 268114 www.manukaresources.com.au

• Mt Boppy Gold mine and neighbouring tenements. The Mt Boppy project is currently in production and processing its gold ore through the Company’s processing plant at Wonawinta.

• Wonawinta silver project, with mine, processing plant and neighbouring tenements. The Wonawinta processing plant has a nameplate capacity of 850,000 tonnes per year.

• Highly prospective exploration targets on its ~1250km[2] tenement portfolio in the Cobar Basin

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This announcement has been approved for release by the Board of Directors of Manuka Resources Limited.

For further information contact: Dennis Karp Media Contact Executive Chairman Angela East Manuka Resources Limited M+C Partners 0412 268 114 0428 432 025

Important Information

This report includes forward-looking statements and comments about future events, including the Company’s expectations about the performance of its businesses. Forward-looking words such as “expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” or other similar expressions are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward-looking statement. Subject to any continuing obligations under applicable law, the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in this report to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based. No Limited Party or any other person makes any representation, or gives any assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in the report will occur.

Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 tel +61 412 268114 www.manukaresources.com.au