NEWPEAK METALS LIMITED — Capital/Financing Update 2021

Jul 13, 2021

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Results of Capital Raising

ASX ANNOUNCEMENT

14 JULY 2021

ASX Code: NPM FSE Code: NPM

Shares on Issue

5.7 billion

Market Capitalisation A$11.4m (at A$0.002 per share)

Directors

Nick Mather (Non-Executive Chairman) David Mason (Managing Director, CEO) Brian Moller (Non-Executive Director) Andrew Gladman (Non-Executive Director)

Company Secretary Karl Schlobohm

Contact Details

Level 27, 111 Eagle Street Brisbane Qld 4000 Tel: +61 7 3303 0650 Fax: +61 7 3303 0681

Website: NewPeak.com.au Twitter: @ASX_NPM

The Board of Directors of NewPeak Metals Limited (the Company; ASX:NPM) is pleased to advise that the Company has entered into binding arrangements with a number of sophisticated and professional investors to raise $1.625 million by way of private placement.

The Board is particularly pleased to have engaged MMG Capital who have introduced a number of quality individual and institutional investors from Europe to the NewPeak register, on the confidence of the Company’s diverse portfolio of precious and strategic metal projects around the world, and the listing on Frankfurt’s FSE, which led to an equity raise MMG of just under $1 million.

MMG Capital is an independent, global, metals and mining focused, corporate finance and private equity advisory firm based in London, specialising in M&A, equity and debt finance advisory serviced for metals and mining companies on a global basis and identifying investment and acquisition opportunities within the mining sector.

The raising was also supported by 180 Markets, one of Australia's newest deal sharing platforms, who have successfully supported NewPeak’s capital raising on several occasions.

The placement was undertaken at 0.15 cents per share, with one attaching free option for each two shares subscribed, exercisable at 0.4 cents each over a 24month period. The issue of the attaching options is subject to shareholder approval at a General Meeting.

NewPeak Managing Director David Mason said: “We’ve been impressed by the response we’ve received for this capital raise from the new European and Australian investors, and we welcome them to NewPeak. We are now in the strong position to be able to implement our Finland Gold and Sweden Strategic Metal exploration and resource definition plans, where we have targeted to define JORC Resources during 2021 and early 2022, as well as progress our portfolio pf projects in Argentina and New Zealand. NewPeak is on track to drive its aggressive plans to increase market value.”

Settlement of the raising and the allotment of the shares is scheduled to occur on Monday 19 July 2021. A total of approximately 1,083,333,400 shares will be issued under the arrangements outlined above.

The Board looks forward to updating the market with progress reports of its exploration and resource definition of its suite of precious and strategic metals projects in Finland, Sweden, Argentina and New Zealand.

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On behalf of the Board Mr Karl Schlobohm Company Secretary

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