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RAIDEN RESOURCES LIMITED Board/Management Information 2021

Feb 14, 2021

65675_rns_2021-02-14_781fbfee-0dfc-453e-bda6-7948e22848a1.pdf

Board/Management Information

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12[th] February 2021

ASX Operations Level 40, Central Park 152-158 St George’s Terrace Perth WA 6000

EMPLOYMENT ARRANGEMENT WITH MANAGING DIRECTOR RENEGOTIATED

Raiden Resources Limited ( ASX: RDN, DAX: YM4 ) (“ Raiden ” or “ the Company ”) advises that the key terms of employment with Mr Dusko Ljubojevic (Mr Ljubojevic), appointed as Executive Director (Managing Director) of the Company, have been renegotiated to reflect an increase in time now required for the ongoing management of the Company’s asset portfolio.

Remuneration	Per the service agreement Annual Salary - $150,000 (which represented50% of Mr Ljubojevic’s time) has changed to $208,000, representing 80%of Mr Ljubojevic’s time from 12thFebruary2021.
Term	No fixed term. Ongoing until terminated by either party in accordancewith the agreement.
Termination	Either party may terminate the agreement by either Mr Ljubojevicproviding 3 months notice to the Company or the Company providing 6months notice to Mr Ljubojevic.The Company may terminate the agreement immediately in the eventthe Executive engages in serious misconduct, including serious breach ofthe agreement, being charged with a criminal offence, being declaredbankrupt,becomingof unsound mind or other similargrounds.
Restraint	A 6 month restraint provision applies from the effective date oftermination.

This announcement is authorised for ASX release by the Chairman of Raiden Resources Limited

Yours faithfully, KYLA GARIC Company Secretary RAIDEN RESOURCES LIMITED [email protected]

P 08 6158 9990 F 08 6268 4926 108 Outram Street, West Perth WA Australia 6005