PRODIGY GOLD NL — Capital/Financing Update 2024

May 26, 2024

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ASX ANNOUNCEMENT / MEDIA RELEASE

ASX: PRX

27 May 2024

Placement Cleansing Notice

Prodigy Gold NL (ASX: PRX) (“ Prodigy Gold ” or the “ Company ”) announced on 27 March 2024 that it has received commitments to issue up to 262,666,172 fully paid ordinary shares ( New Shares ) in the capital of the Company ( Shares ) at an issue price of $0.003 per Share, under a private placement to sophisticated, professional and institutional investors ( Initial Placement ), to raise a total of approximately $787,998.52 (before expenses). These New Shares were placed on 28 March and 4 April 2024.

In addition to the Initial Placement mentioned above, the Company sought shareholder approval at a general meeting of shareholders held on 22 May 2024 to issue up to a further $312,001.48 worth of Shares (on the same terms as the Initial Placement). These shares were subscribed to by Company directors (or their Associated Entities), the Company’s largest Shareholder, APAC Resources Limited, and other persons who required Shareholder approval under ASX Listing Rules 7.1 or 10.11 ( Conditional Placement ). Following shareholder approval, participants in the Initial Placement and Conditional Placement (together, the Placement ) received two (2) options to acquire one (1) Share each for every three (3) Shares issued ( Attaching Options ), for nil additional consideration, having an exercise price of $0.007 and an expiry date of 30 November 2026. Shareholder approval was also sought for 5,844,999 broker options ( Broker Options ) under the same terms and conditions as the Attaching Options.

The Company issued a total of 104,000,493 New Shares and 250,289,443 Attaching and Broker Options today.

Cleansing notice

Prodigy Gold gives notice under section 708A(5)(e) of the Act that:

• (1) the securities were issued without disclosure to investors under Part 6D.2 of the Act;

• (2) as a disclosing entity, Prodigy Gold is subject to regular reporting and disclosure obligations

• (3) as at the date of this announcement Prodigy has complied with the provisions of Chapter 2M of the Act as they apply to Prodigy and section 674 of the Act; and

• (4) as at the date of this announcement there is no information that is excluded information under sections 708A(7) or 708A(8) of the Act which is required to be disclosed under section 708A(6)(e) of the Act.

Authorised for release by Prodigy Gold’s Board of Directors.

For further information please contact:

Mark Edwards Managing Director +61 8 9423 9777admin@prodigygold.com.au

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