METAL HAWK LIMITED. — Capital/Financing Update 2021

Oct 10, 2021

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11[th] October 2021

DIAMOND DRILLING UNDERWAY AT COMMODORE

Metal Hawk Limited ( ASX: MHK , “ Metal Hawk ” or the “ Company ”) is pleased to announce that diamond drilling is underway at the Berehaven Nickel Project, 20km south-east of Kalgoorlie in the West Australian goldfields. Metal Hawk recently discovered massive nickel sulphides grading 5.9% nickel at the Commodore prospect ( ASX announcement 28 September 2021 “Assays Confirm High Grade Nickel Sulphide Discovery” ), located five kilometres north of the Blair Nickel Mine (which produced 1.26Mt @ 2.62% Ni for 32,900 tonnes of contained nickel).

Metal Hawk Managing Director Will Belbin commented: “Diamond drilling has started exactly one month after the discovery RC hole which intersected high grade massive nickel sulphides at Commodore. Following last weeks’ successful capital raising we now look forward to progressing this exciting discovery with an aggressive drilling program.”

Reverse Circulation (RC) drilling is also scheduled to recommence this week.

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Figure 1. DDH1 drill rig at Commodore

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Figure 2. Berehaven Nickel Project

This announcement has been authorised for release by Mr Will Belbin, Managing Director, on behalf of the Board of Metal Hawk Limited.

For further information regarding Metal Hawk Limited please visit our website at www.metalhawk.com.au or contact:

Will Belbin Media & Investor Relations Managing Director Luke Forrestal Metal Hawk Limited GRA Partners +618 9226 0110 +61 411 479 133

admin@metalhawk.com.au luke.forrestal@grapartners.com.au

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