MIDDLE ISLAND RESOURCES LIMITED — Capital/Financing Update 2021

Feb 2, 2021

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3 February 2021

Company Announcements Office ASX Limited 20 Bond Street SYDNEY NSW 2000

ISSUE OF MIDDLE ISLAND RESOURCES LIMITED SHARES – SECONDARY TRADING NOTICE NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001 (Act)

On 3 February 2021, Middle Island Resources Limited ( Company ) issued 303,597 fully paid ordinary shares at an issue price of $0.1817 per share and 146,740 fully paid ordinary shares at an issue price of $0.1771 per share ( Securities ).

Secondary Trading Exemption

The 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 paragraph 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.

Yours faithfully

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Dennis Wilkins Company Secretary