OZZ RESOURCES LIMITED — Capital/Financing Update 2021

Oct 20, 2021

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ASX RELEASE

Australian Securities Exchange Limited Via e-lodgement ASX Code: OZZ

21[st] October, 2021

Loyalty Offer Closed & Notice of Shortfall

OZZ Resources (ASX: OZZ, OZZ Resources or Company) advises that the Company’s Loyalty Offer for an entitlement issue of one (1) option for every three (3) fully paid ordinary shares in accordance with its Prospectus dated 22[nd] September 2021 (‘Loyalty Offer’) has now closed.

The Loyalty Offer offered up to 15,045,625 Loyalty Options. The Options have an issue price of $0.005 per option, exercisable at $0.25 within 3 years of issue. CPS Capital Group Pty Ltd (AFSL 294848) (‘CPS’) have underwriten the Offer.

In accordance with Appendix 7A of the ASX Listing Rules, the Company advises the following:

• The Company received acceptances for a total of 10,346,660 new Loyalty Options raising $51,733

• The shortfall under the Offer is 4,699,191 (Shortfall Options)

• CPS as Underwriter is now in the process of placing the shortfall options in accordance with the underwriting agreement.

Allotment of the new options under the offer is scheduled to take place on 25 October 2021 and trading on ASX is expected to commence soon after.

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This ASX announcement has been authorised for release by Stuart Usher, Company Secretary OZZ Resources Limited.

ENDS

For more information please contact:

Investors:

Jonathan Lea Managing Director OZZ Resources Ltd Phone: +61 438 967 400

Media:

Nicholas Read Read Corporate Phone: +61 419 929 046

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Ozz Resources I ACN 643 844 544 I 9/186 Hay Street, Subiaco, WA 6008 I www.ozzresources.com.au