NT MINERALS LIMITED — Share Issue/Capital Change 2021

Feb 7, 2021

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ASX ANNOUNCEMENT ASX Code: RCP 8 February 2021

Vesting and Exercise of Performance Rights

Redbank Copper Limited (ASX: RCP) (‘ Redbank ’ or ‘ the Company ’) advises that, in accordance with the terms of the Company’s Performance Rights Plan approved at the Extraordinary Meeting of Shareholders held on 21 May 2020, a total of 2,250,000 Tranche 1 Performance Rights held by Executive Chairman Mr Michael Hannington have vested and been exercised into 2,250,000 fully paid ordinary shares, having met the applicable vesting criteria of the Company raising at least $4 million under a placement at an issue price of at least $0.023 per Share and the Company’s Shares recommencing trading on the ASX.

Following today’s conversion, 10,500,000 Performance Rights remain on issue, as follows:

• 2,250,000 Tranche 2 - May 2020

• 3,250,000 Tranche 3 - May 2020

• 3,000,000 Tranche 1 – November 2020

• 2,000,000 Tranche 2 –November 2020

-ENDS-

For further information please contact: Michael Hannington Executive Chairman Ph: +61 8 9362 9888

This announcement was approved and authorised for issue by the Board of RCP.

DIRECTORS & MANAGEMENT Michael Hannington Executive Chairman Bruce Hooper Non-Executive Director Daryl Henthorn Non-Executive Director Keith Middleton Non-Executive Director

Kelly Moore Company Secretary

ASSET PORTFOLIO Redbank Tenements (Granted) Northern Territory – 3386km ² Redbank Tenements Northern Territory – 9527km (Applications) ² South Australia – 1110km Millers Creek Project ²

A: L1, 1A Agnew Way, Subiaco WA 6008 PH: +61 8 9362 9888

e: admin@redbankcopper.com.au www.redbankcopper.com.au

ACN: 059 326 519 ABN: 66 059 326 519

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