OZZ RESOURCES LIMITED — Capital/Financing Update 2021

Jun 30, 2021

ASX RELEASE

Australian Securities Exchange Limited Via e-lodgement

ASX Code OZZ

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1 July 2021

Confirmation Statements

Ozz Resources Limited (ACN 643 844 544) ( Ozz or the Company ) provides the following confirmation in relation to its prospectus dated 7 May 2021 as varied by the supplementary prospectus dated 29 May 2021 and the second supplementary prospectus dated 15 June 2021 ( Second Supplementary Prospectus ) (together, the Prospectus ) to satisfy conditions for quotation of the Company’s securities on the ASX. Unless otherwise defined, capitalised terms have the same meaning given to them in the Prospectus.

Issue of Securities

1. The Company confirms that it has issued the following securities:

2. (a) the Lead Manager Options;

3. (b) the Director Options;

4. (c) the Vendor Shares; and

5. (d) the Vendor Options.

Completion of Agreements

1. In relation to the acquisition agreements, the Company confirms the satisfaction of conditions precedent and completion of the following:

2. (a) the Mt Davis Farm In Agreement;

3. (b) the Peterwangy Farm In Agreement;

4. (c) the Diane Finlay Tenement Agreement;

5. (d) the Rabbit Bore Tenement Purchase and Joint Venture Agreement; and

6. (e) the Wardarbie Tenement Purchase and Joint Venture Agreement.

7. The Company confirms that there are no legal, regulatory, statutory or contractual impediments to OZZ entering tenements subject of the Mt Davis Farm In Agreement, the Peterwangy Farm In Agreement, the Diane Finlay Tenement Agreement, the Rabbit Bore Tenement Purchase and Joint Venture Agreement and the Wardarbie Tenement Purchase and Joint Venture Agreement and carrying out exploration activities such that OZZ will be able to spend its cash in advance with its commitments for the purpose of listing Rule 1.3.2(b).

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Unit 15, 217 Hay Street Subiaco I www.ozzresources.com.au

Capital Structure

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1. The Company’s capital structure on listing is set out below:

The Company’s capital structure on listing is set out below:
Shares	Number
Shares on issue prior to completion of the offers under the Prospectus	12,036,875
Share issued pursuant to the Public Offer	25,000,000
Vendor Shares	8,100,000
Total	45,136,875
Options	Number
Options exercisable at $0.25 on or before 2 years from the date of listing	10,536,875
Options exercisable at $0.25 on or before 2 years from the date of listing	5,500,000
Options exercisable at $0.25 on or before 3 years from the date of listing	2,800,000
Options exercisable at $0.25 on or before 4 years from the date of listing	2,600,000
Total	21,436,875

Restricted Securities

1. Following quotation of the Company’s securities on ASX, the following securities will be subject to restriction pursuant to the ASX Listing Rules for the period outlined below.

Security	Number	Restriction Period
Shares	16,080,750	Expiring 24 months from the date of quotation
Shares	2,099,500	Expiring 12 months from the date of issue
Options	17,722,375	Expiring 24 months from the date of quotation
Options	3,714,500	Expiring 12 months from the date of issue

1. The Company has entered into voluntary escrow arrangements for the following securities for the period outlined below:

Security	Number	Restriction Period
Shares	1,956,625	Expiring 3 months from the date of quotation

Corporate Governance Statement

1. The Company’s corporate government statement is disclosed in Annexure D of the Prospectus.

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OZZ Resources Limited I Australian Focused Gold Explorer I Page 2

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Renewal Status of E51/1671

1. The Company confirms that an Extension of Term ( EOT ) for a further five-year period was lodged on 31 March 2021 together with a detailed proposed exploration program for each of the next two years. The EOT submission is currently being assessed by the Department of Mines, Industry Regulation and Safety. As at the date of this confirmation, the Company is not aware of any issue that may result in the extension not being granted.

Repayment of Cash Payment

1. The Company confirms that Diane Finlay has repaid the $25,000 cash payment as described in the Second Supplementary Prospectus dated 15 June 2021.

This announcement has been authorised for release by Alan Lockett, Non-Executive Chair.

For further information, please contact:

Stuart Usher Company Secretary +61 499 900 044 stuart@ozzresources.com.au

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