PROSPECT RESOURCES LIMITED — Investor Presentation 2021

Oct 14, 2021

==> picture [214 x 30] intentionally omitted <==

ASX ANNOUNCEMENT 15 October 2021

Prospect to present at the Future Energy Conference

Prospect Resources Ltd (ASX: PSC, FRA:5E8) ( Prospect or the Company ) is pleased to announce its participation in the Future Energy Conference on Thursday, 21 October 2021.

Developed nations across the globe have established pacts and initiatives to move towards a zerocarbon future. The ASX is home to many companies that are developing projects to help society achieve its zero carbon ambitions, and investors have shown their support for these companies. The Future Energy Conference is the ideal platform for Prospect to showcase Arcadia as a potential near term, high quality lithium producer.

Prospect’s Managing Director, Sam Hosack, will present at the conference which will be delivered via Zoom to new and existing Shareholders, who will have an opportunity to interact with Sam Hosack via a live Q&A

• Date: Thursday, 21 October 2021 • Timeslot: 2:10pm AEDT, 11:10am WST

Registration for the conference is essential. Please register to attend using the link below: https://us02web.zoom.us/webinar/register/9616333804758/WN_xolcie_mQE6ZQdgpham8rQ

This release was authorised by the Sam Hosack, Managing Director of Prospect Resources Ltd.

For further information, please contact:

Sam Hosack Managing Director shosack@prospectresources.com.au

Nicholas Rathjen Head of Corporate Development nrathjen@prospectresources.com.au

About Prospect Resources Limited (ASX: PSC, FRA:5E8)

Prospect Resources Limited (ASX: PSC, FRA:5E8) is an ASX listed lithium company based in Perth with operations in Zimbabwe. Prospect’s flagship project is the Arcadia Lithium Project located on the outskirts of Harare in Zimbabwe. The Arcadia Lithium Project represents a globally significant hard rock lithium resource and is being rapidly developed by Prospect’s experienced team, focusing on near term production of high purity petalite and spodumene concentrates. Arcadia is one of the most advanced lithium projects globally, with a Definitive Feasibility Study, Offtake Partners secured and a clear pathway to production.

Prospect Resources Limited ACN 124 354 329 Level 2, 33 Richardson Street. West Perth WA 6005 PO Box 1273, Subiaco, Western Australia 6904 E: info@prospectresources.com.au W: prospectresources.com.au

==> picture [180 x 38] intentionally omitted <==

About Lithium

Lithium is a soft silvery-white metal which is highly reactive and does not occur in nature in its elemental form. In nature it occurs as compounds within hard rock deposits (such as Arcadia) and salt brines. Lithium and its chemical compounds have a wide range of industrial applications resulting in numerous chemical and technical uses. Lithium has the highest electrochemical potential of all metals, a key property in its role in lithium-ion batteries.

Caution Regarding Forward-Looking Information

This announcement may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. All references to dollars ($) and cents in this announcement are in United States currency, unless otherwise stated.

Investors should make and rely upon their own enquiries before deciding to acquire or deal in the Company’s securities.