PACGOLD LIMITED — Capital/Financing Update 2022

Apr 11, 2022

Market Announcement

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12 April 2022

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Pacgold Limited (ASX: PGO) – Trading Halt

Description

The securities of Pacgold Limited (‘PGO’) will be placed in trading halt at the request of PGO, 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 Thursday, 14 April 2022 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

12 April 2022 ASX Limited

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Todd Lewis Principal Advisor, Listings Compliance Australian Securities Exchange 525 Collins Street MELBOURNE VIC 3000

Dear Todd,

PACGOLD LIMITED: REQUEST FOR TRADING HALT

Pursuant to Listing Rule 17.1, Pacgold Limited (ACN 636 421 782) (ASX: PGO) (PGO) requests a trading halt be granted by the Australian Securities Exchange (ASX) in respect of PGO's ordinary shares from the commencement of trading on 12 April 2022.

For the purposes of Listing Rule 17.1, PGO provides the following information:

• 1 PGO is seeking the trading halt as it expects to make an announcement to the ASX in connection with a capital raising;

• 2 PGO requests that the trading halt remain in place until the earlier of PGO making an announcement to the market about the completion of the capital raising or the commencement of trading on 14 April 2022; and

• 3 PGO is not aware of any reason why the trading halt should not be granted, or of any other information available at this stage that is relevant to the trading halt.

Signed for and on behalf of Pacgold Limited:

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Suzanne Yeates Company Secretary Pacgold Limited