RAIDEN RESOURCES LIMITED — Capital/Financing Update 2020

May 31, 2020

ASX RELEASE | 1[st] June 2020

RAIDEN DUAL LISTS ON THE FRANKFURT STOCK EXCHANGE

QUICK STATS ASX Code: RDN

DAX Code : YM4

Highlights

• Raiden executes dual listing on the Frankfurt Stock Exchange (DAX)

• Company shares trading under ticker code YM4

• Listing to broaden Company’s exposure to a large European investment community

Shares on Issue: 431.4 million **Market Cap: ~** $2.59 million

BOARD & MANAGEMENT Non- Executive Chairman Mr Michael Davy

Managing Director Mr Dusko Ljubojevic

Non-Executive Director

Mr Martin Pawlitschek

Company Secretary Ms Kyla Garic

Raiden Resources Limited (ASX: RDN) (‘Raiden’ or ‘the Company’) is pleased to announce the dual listing of the Company’s shares on the Frankfurt Stock Exchange. The Company’s shares will trade on the Frankfurt Stock Exchange under the code “YM4”.

The Frankfurt listing expands Raiden’s investor reach and increases its exposure to European markets. The Frankfurt Stock Exchange is one of Europe’s largest stock exchanges. More than 50% of the total trades on the Frankfurt Stock Exchange are conducted through investors in countries outside of Germany.

This announcement has been authorised for release by the Board of Raiden Resources Limited.

FOR FURTHER INFORMATION PLEASE CONTACT:

ASSET PORTFOLIO

Stara Planina - Serbia

(JV with local entity – path to 100% - 46km[2] )

Donje Nevlje - Serbia (100% – 74km[2] )

Majdanpek West - Serbia (100% - 76km[2] )

Zupa - Serbia (100% Raiden – 85km[2] )

Kalabak - Bulgaria (JV with QX Metals, path to 75% - ~195km[2] )

Zlatusha - Bulgaria (Pending final signature – Jv with QX Metals, path to 75% - ~195km[2] )

Vuzel - Bulgaria (JV with local entity – path to 100% - ~26.5km[2] )

DUSKO LJUBOJEVIC Managing Director RAIDEN RESOURCES LIMITED dusko@raidenresources.com.au www.raidenresources.com.au

ASX RELEASE | 1[st] June 2020

About Raiden Resources

Raiden Resources Limited (ASX: RDN) is an ASX listed copper—gold focused exploration Company focused on the emerging prolific Tethyan metallogenic belt in Eastern Europe and has established a significant exploration footprint in Serbia and Bulgaria.

Over the last 2 years, the Company has secured one of the largest project portfolios, considered prospective for porphyry and epithermal mineralisation in Eastern Europe. The Company has defined over 20 porphyry, epithermal and polymetallic prospects over the course of 2019, a number of which will be drill tested in 2020.

The Directors believe that the Company is well positioned to unlock value from this exploration portfolio and deliver a significant mineral discovery.

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