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QPM ENERGY LIMITED Capital/Financing Update 2021

Aug 1, 2021

65650_rns_2021-08-01_9db4b95c-edb0-42a6-a324-cad2e436f6bd.pdf

Capital/Financing Update

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Queensland Pacific Metals Limited (ASX:QPM) is focused on developing a modern battery metals refinery in northern Queensland.

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ASX RELEASE 2 August 2021

Investment Funds Received from LGES and POSCO

Queensland Pacific Metals Ltd (ASX:QPM) (“ QPM ” or “the Company ”) is pleased to advise that it has received funds from LG Energy Solutions (“ LGES ”) and POSCO GEM 1[ST] FUND (“ POSCO ”) relating to their US$15m equity investment (refer to ASX announcement 8 June 2021).

QPM will now issue 99,235,889 shares to LGES and 42,529,667 shares to POSCO.

This announcement has been authorised for release by the Board.

For more information, please contact:

Stephen Grocott Managing Director & CEO [email protected] +61 7 3517 5900

John Downie Executive Director [email protected] +61 7 3517 5900