PERPETUAL RESOURCES LIMITED — Capital/Financing Update 2021

Feb 21, 2021

22 February 2021

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Section 708A Cleansing Statement

This notice is given by Perpetual Resources Limited (ASX Code: PEC) ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

The Company confirms that:

• (a) it has issued 25,000,000 fully paid ordinary shares ( Shares ) in relation to a Placement as announced to ASX on 22 February 2021, with an issue price of $0.08 per share and 5,000,000 options ( Options ) exercisable at $0.13 expiring 22 February 2023, without disclosure to investors under Part 6D.2 Corporations Act.

• (b) the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (c) the Company is providing this notice under paragraph 5(e) of section 708A of the Corporations Act;

• (d) as at the date of this notice the Company, as a disclosing entity under the Corporations Act, has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • (ii) section 674 of the Corporations Act as it applies to the Company; and

• (e) as at the date of this announcement, there is no excluded information of the type referred to in Sections 708A(7) and 708A(8) of the Corporations Act.

On behalf of the board:

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George Karafotias PERPETUAL RESOURCES LIMITED Company Secretary

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