PURSUIT MINERALS LTD — Capital/Financing Update 2021

Jul 26, 2021

27 July 2021

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ASX Announcement
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Phil’s Hill Drilling Update

The Company’s principal business objectives are the acquisition, exploration, development and operation of PGE, copper, nickel silver, gold, vanadium and other precious minerals.

Directors

Peter Wall (Chairman) Mark Freeman (MD) Bob Affleck (Technical Director)

Pursuit Minerals Limited (ASX:PUR) (“Pursuit” or the “Company”) advises that due to the severe weather forecast and rainfall the drilling program has being delayed.

The Mount Magnet Drilling Rig is now anticipated to spud the 1[st] of 8 Diamond Holes in the upcoming 1,500m program at Phil’s Hill in early August 2021.

The Company has made plans to have an XRF unit on site and will expediate the assaying in Perth of compelling mineralised core to the extent it is identified.

Company Secretary Mark Freeman

Capital Structure

ASX Code	PUR
Share Price	6.1 cent
Shares	927,013,916
Market Cap	A$56.5 million
Cash	$8.7 million
Options
10c exp 31/10/21	76,166,073*
20c exp 28/8/21	15,000,000
25c exp 14/8/21	850,000
4.9c exp 6/11/21	2,000,000
0.7c exp 18/9/23	36,000,000
_Perfor Rights_**	7,500,000
* Listed PUROA
** 3,000,000 subject t	o shareholder
approval

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For more information about Pursuit Minerals and its projects, contact:

Mark Freeman Mathew Perrot Managing Director Exploration Manager E: markf@pursuitminerals.com.au E: mathewp@pursuitminerals.com.au T:+ 61 412 692 146 T: + 61 411 406 810

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Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR / PUROA Suite 4, 246-250 Railway Parade | West Leederville | WA Australia 6007 PO Box 214 | West Perth | WA 6872 Australia

T + 61 8 6500 3271 | info@pursuitminerals.com.au | www.pursuitminerals.com.au

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