NEW AGE EXPLORATION LIMITED — Capital/Financing Update 2021

May 6, 2021

Market Announcement

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7 May 2021

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New Age Exploration Limited (ASX: NAE) – Trading Halt

Description

The securities of New Age Exploration Limited (‘NAE’) will be placed in trading halt at the request of NAE, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 11 May 2021 or when the announcement is released to the market.

Issued by

Todd Lewis

Adviser, Listings Compliance (Melbourne)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

7 May 2021 ASX Limited

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----- Start of picture text ----- Request for Trading HaltASX Release | 7 May 2021----- End of picture text -----

REQUEST FOR TRADING HALT

New Age Exploration Limited (ASX: NAE ) (the Company ) requests an immediate halt to the trading of the Company’s quoted securities on the Australian Securities Exchange ( ASX ) in accordance with ASX Listing Rule 17.1.

The trading halt is requested pending an announcement to be made by the Company to the market in connection with a material capital raising (“purpose”).

In accordance with Listing Rule 17.1, the Company provides the following information in relation to the request:

1. The trading halt is necessary to assist the Company in managing its continuous disclosure obligations as the Company expects to make a material announcement to the market for the stated purpose.

2. The Company requests that the trading halt remains in place until the earlier of commencement of normal trading on Tuesday 11 May 2021, or when the announcement regarding the purpose is released to the market.

3. The Company expects to make the announcement to the market before the commencement of normal trading on Tuesday 11 May 2021.

4. The Company is not aware of any reason why the trading halt should not be granted or of any further information necessary to inform the market about the trading halt.

Please contact me if you require any further information concerning this matter.

With the authority of the Board.

Yours faithfully

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Adrien Wing Company Secretary

New Age Exploration Limited ASX NAE Level 2, 480 Collins Street Melbourne VIC 3000 Australia Phone: +61 3 9614 0600 Email: info@nae.net.au ACN 004 749 508