PEAKO LIMITED — Capital/Financing Update 2020

Sep 3, 2020

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ASX RELEASE

4 September 2020

CLEANSING NOTICE

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Peako Limited (“Peako”) (ASX Code PKO) has today issued 28,907,690 fully paid ordinary shares at an issue price of A$0.0325 (3.25 cents) each under the Placement (Placement Shares), raising $939,500 to be applied for exploration and working capital purposes.

Peako gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) that:

1. Peako issued the Placement Shares without disclosure to investors under Part 6D.2 of the Act.

2. As at the date of this notice:

   • A. Peako has complied with the provisions of Chapter 2M of the Corporations Act as they apply to Peako;

   • B. Peako has complied with section 674 of the Corporations Act; and

   • C. there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed by Peako under section 708A(6)(e) of the Corporations Act.

Authorised for release to ASX by Rob Wright Company Secretary.

Peako Limited ABN 79 131 843 868

108 Marlborough Street Bentleigh East Vic 3165 t +61 3 8610 4709 e info@peako.com.au w www.peako.com.au