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MATSA RESOURCES LIMITED Capital/Financing Update 2021

Feb 24, 2021

65296_rns_2021-02-24_dc0b82e2-9a52-4619-8552-fcea977e03c4.pdf

Capital/Financing Update

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ASX Announcement

25[th] February 2021

Expiry of Unlisted Options

Matsa Resources Limited (“Matsa” or “the Company” ASX:MAT) wishes to advise that the following unlisted options over fully paid ordinary shares have expired:

Number of Options

Exercise Price

Expiry Date

300,000 $0.17 30 November 2021

CORPORATE SUMMARY

Executive Chairman

Paul Poli

Director

Frank Sibbel

Director & Company Secretary

Andrew Chapman

Shares on Issue

271.14 million

Unlisted Options

77.48 million @ $0.17 - $0.35

This ASX announcement is authorised for release by the Board of Matsa Resources Limited.

For further information please contact:

Top 20 shareholders

Hold 56.86%

Share Price on 24[th] February 2021

9.6 cents

Paul Poli

Executive Chairman

T 08 9230 3555 E [email protected]

Market Capitalisation

$26.03 million

Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487

Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]