POLYMETALS RESOURCES LTD — Regulatory Filings 2021

Jun 24, 2021

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24 June 2021

Andrew Kabega ASX Limited Exchange Centre, 20 Bridge Street Sydney NSW 2000

By email: andrew.kabega@asx.com.au

Dear Andrew

RE: Condition to Quotation 2.2.11

I refer to your letter dated 22 June 2021, in relation to the application of Polymetals Resources Ltd (ACN 644 736 247) ( Company or POL ) to be admitted to the Official List of the ASX and to have its securities quoted ( Admission Letter ).

I also refer to the Company’s initial public offering of fully paid ordinary shares ( Shares ) under its prospectus dated 21 April 2021, as varied by the supplementary prospectuses dated 28 May 2021 and 10 June 2021 (collectively, Prospectus ), to raise a minimum of $5,000,000 by the issue of 25,000,000 Shares ( Offer ).

On behalf of the Company, in relation to item 2.2.11 of the Condition of Quotation set out in the Admission Letter, I confirm the following securities will be subject to restriction pursuant to the ASX Listing Rules for the period outlined below:

Class	Number	Restriction period
Fully paid ordinary shares	39,383,434	24 months from date of quotation
Fully paid ordinary shares	7,500,000	12 months from date of quotation1
Fully paid ordinary shares	83,333	From the date of quotation to 29/10/2021
Fully paid ordinary shares	166,667	From the date of quotation to 29/10/2021
Fully paid ordinary shares	277,778	From the date of quotation to 06/11/2021
Fully paid ordinary shares	58,333	From the date of quotation to 12/11/2021
Fully paid ordinary shares	333,333	From the date of quotation to 09/01/2022
Fully paid ordinary shares	91,667	From the date of quotation to 11/01/2022
Fully paid ordinary shares	41,667	From the date of quotation to 12/01/2022
Fully paid ordinary shares	16,667	From the date of quotation to 15/01/2022
Fully paid ordinary shares	16,667	From the date of quotation to 17/01/2022
Fully paid ordinary shares	50,000	From the date of quotation to 19/01/2022
Fully paid ordinary shares	66,667	From the date of quotation to 20/01/2022
Fully paid ordinary shares	30,530	From the date of quotation to 31/01/2022

1 Voluntary escrow pursuant to a voluntary escrow deed between the Company and Deering Nominees Pty Ltd ATF the Deering Family Trust.

a : suite 6, level 5, 189 kent street sydney nsw 2000

p gpo box 2733 sydney nsw 2001

ph : +61 2 8046 2799

w : www.polymetals.com

Please contact the undersigned if you require further clarification of the above.

Yours sincerely

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Vince Fayad Company Secretary

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