RAIDEN RESOURCES LIMITED — Capital/Financing Update 2021

Apr 21, 2021

Market Announcement

22 April 2021

Raiden Resources Limited (ASX: RDN) – Trading Halt

Description

The securities of Raiden Resources Limited ('RDN') will be placed in trading halt at the request of RDN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 26 April 2021 or when the announcement is released to the market.

Issued by

Daniel Nicholson Adviser, Listings Compliance (Perth)

22 April 2021

Ms Madeline Green ASX Operations Level 40, Central Park 152-158 St George's Terrace Perth WA 6000

By email: tradinghaltsperth@asx.com.au

Dear Madeline,

TRADING HALT REQUEST

In accordance with ASX Listing Rule 17.1, Raiden Resources Limited (ASX:RDN) (Company) requests a trading halt of the Company's securities;

The Company advises that:

• 1. the trading halt is requested for the purpose of the Company regarding an announcement of a proposed material equity increase over the Pacton Pilbara portfolio;
• 1. the trading halt is requested to commence pre-market open on Thursday 22 April 2021;
• 1. it anticipates the trading halt will remain in place until the earlier of the commencement of trading on Friday, 23 April 2021, or the release of an announcement regarding the material acquisition;
• 1. the event which the Company expects will end the trading halt is the announcement referred to in paragraph 1 above;
• 1. the Company is not aware of any reason why the trading halt request should not be granted.

Yours faithfully,

KYLA GARIC Company Secretary RAIDEN RESOURCES LIMITED