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POLYMETALS RESOURCES LTD Capital/Financing Update 2022

Oct 26, 2022

65598_rns_2022-10-26_a5688814-2b0d-45b5-80c2-e6e91dcb2822.pdf

Capital/Financing Update

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Market Announcement

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27 October 2022

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Polymetals Resources Ltd (ASX: POL) – Trading Halt

Description

The securities of Polymetals Resources Ltd (‘POL’) will be placed in trading halt at the request of POL, 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 Monday, 31 October 2022 or when the announcement is released to the market.

Issued by

Yulia Gurdina

Senior Adviser, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

27 October 2022 ASX Limited

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27 October 2022

Listings Manager ASX Compliance Pty Limited Exchange Centre, 20 Bridge Street Sydney NSW 2000

By email: [email protected]

REQUEST FOR TRADING HALT

Pursuant to ASX Listing Rule 17.1, Polymetals Resources Limited (the Company, ASX :POL ) requests an immediate trading halt of its securities.

The reason for the trading halt is the pending release of an announcement of a proposed fund raising.

The Company expects that an announcement concerning a proposed capital raising is to be lodged with the ASX by no later than the opening of the market Monday 31 October 2022.

The Company is not aware of any reason why the trading halt should not be granted nor of any other information necessary to inform the market regarding the trading halt.

Yours sincerely

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Vince Fayad Company Secretary

a : suite 6, level 5, 189 kent street p gpo box 2733 sydney nsw 2000 sydney nsw 2001 w : www.polymetals.com

ph : +61 2 8046 2799