PILBARA GOLD LIMITED — Capital/Financing Update 2023

Apr 13, 2023

14 April 2023

ASX ANNOUNCEMENT

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Kairos Commences Trading on the OTCQB Venture Market

Dual trading to provide efficient access for U.S. investors and increased liquidity for shareholders

Highlights

• Trading commenced under ticker KAIFF

• OTCQB recognised as an Established Public Market by the SEC

• Dual trading to provide enhanced investor benefits including easier trading access for investors located in the U.S.

• The Company will be able to engage with a network of U.S. investors, data distributions and media partners

• Existing Frankfurt OTC listing (YAJ:F) to continue to provide a platform for European shareholders and investors

Kairos Minerals Ltd (ASX: KAI “Kairos” or “the Company”) is pleased to announce that it’s Ordinary Shares have been approved to trade on the OTCQB Venutre Market (“OTCQB”) in the United States of America (the “U.S.”) and commenced trading at the market open on 6 April 2023 under the ticker KAIFF .

The cross-trading of the Company’s ordinary shares on the OTCQB will provide enhanced investor benefits, including easier trading access for certain investors located in the U.S., and greater liquidity due to a broader geographic pool of potential investors. Through trading on the OTCQB, the Company will be able to engage with a network of U.S. investors, data distributors and media partners, ensuring that U.S. investors have access to the same level of information and disclosure that is available to investors in Australia, but through U.S. facing platforms and portals. In addition, the OTCQB cross-trading facility will provide U.S. based investors with the ability to access Kairos’ ordinary shares in U.S. dollars during the U.S. market hours.

The ability to trade in the Company’s existing ordinary shares on the ASX will not be affected by having the OTCQB facility and no new ordinary shares have been issued. Kairos will continue to make announcements and disclosures to the Australian Securities Exchange through the Market Operating Rules and Listing Rule requirements.

The OTCQB is recognised as an Established Public Market by the SEC and is a leading market for U.S. and international companies in the entrepreneurial and development stage. To be eligible,

T +61 (0)8 9226 1141 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI

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companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process. As a verified market with efficient access to U.S. investors, OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving a fair valuation.

The Company would like to thank Nikolaos Galanopoulos of Galanopoulos & Company, the corporate securities law firm that acted as Sponsor for the Company's application to commence cross-trading on the OTCQB.

Kairos Managing Director, Dr Peter Turner said: “ We are pleased to commence dual-trading of Kairos Mineral’s shares on the OTCQB, marking another step forward of rapid progress for the Company.

“Cross-trading on the OTCQB will increase liquidity and significantly enhance the ability of U.S. based investors to access and trade Kairos shares during a period in which we are actively progressing our key lithium and gold projects in Western Australia.

“Dual trading on OTCQB will also, we believe, serve to diversify the share register and increase exposure to a broader range of investors”.

Frankfurt Stock Exchange Listing

The Company notes it’s existing listing on the Frankfurt Stock Exchange (“FSE”) under ticker ‘ YAJ ’ which will continue to create European exposure and enhance shareholder value. The FSE is one of the largest stock exchanges in the world and the existing listing may also allow an avenue for potential future capital raising activities in Europe.

T +61 (0)8 9226 1141 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI

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About Kairos Minerals

Kairos Minerals (ASX:KAI) owns 100% of the flagship 1.1 Mozs Mt York Gold Project that was partially mined by Lynas Gold NL between 1994 and 1998. Kairos has recognized that the resource has significant potential to grow further from its current 1.1 Moz base. Pre-feasibility work will progress rapidly underpinned by the resource expansion work that will collect important information for metallurgical testwork, mining and process engineering to determine viability and optimal pathway to develop a sustainable, long-lived mining project. Current resources at a 0.7 g/t Au cutoff grade are shown in the table below.

Deposit	Indicated	Indicated	Indicated		Inferred	Inferred		Total
	Tonnes(MT)	Au(g/t)	Ounces(kozs)	Tonnes(MT)	Au(g/t)	Ounces(kozs)	Tonnes(MT)	Au(g/t)	Ounces(kozs)
Main Trend	11.02	1.26	446	12.26	1.15	452	23.27	1.20	899
Iron Stirrup	1.18	1.81	69	0.63	1.66	34	1.81	1.76	102
Old Faithful	1.73	1.19	66	1.19	0.96	38	2.93	1.1	103
Total	13.93	1.30	581	14.08	1.15	523	28.01	1.23	1,104

Kairos has recently discovered spodumene-bearing pegmatites adjacent to the Mt York Gold Project and is evaluating their potential to become part of a value-adding lithium project into the future.

Kairos’s 100%-owned Roe Hills Project, located 120km east of Kalgoorlie in WA’s Eastern Goldfields, comprises an extensive tenement portfolio where the Company’s exploration work has confirmed the potential for significant discoveries of high-grade gold, nickel and cobalt mineralization. Kairos has also discovered a 2,800m long Li-Cs-Rb soil anomaly in an exciting and emerging lithium province that will be drill-tested.

This announcement has been authorised for release by the Board.

Peter Turner Managing Director

Zane Lewis Non Executive Director

For Investor Information please contact:

Paul Armstrong Read Corporate 0421 619 084

T +61 (0)8 9226 1141 Level 1, 43 Ventnor Avenue, West Perth WA 6005 kairosminerals.com.au ABN 84 006 189 331 ASX: KAI