RAIDEN RESOURCES LIMITED — Capital/Financing Update 2021

Jan 12, 2021

ASX RELEASE | 13[th] January 2021

DUE DILIGENCE SUCCESSFULLY COMPLETED OVER SUBSTANTIAL PILBARA GOLD AND NICKEL PORTFOLIO ACQUISITION

Raiden Resources Limited (ASX: RDN) (“Raiden” or “the Company”) is pleased to advise that the Company has successfully completed its legal and technical due diligence across the substantial Pilbara Gold and Nickel portfolio acquisition, as announced on the 13[th] of October 2020.

QUICK STATS

ASX Code: RDN DAX Code: YM4 Shares on Issue: 853 million Market Cap: $23.06 million

BOARD & MANAGEMENT

Non- Executive Chairman Mr Michael Davy

Managing Director Mr Dusko Ljubojevic

Non-Executive Directors Mr Martin Pawlitschek

Mr Dusko Ljubojevic, Managing Director of Raiden commented:

“The Company is very pleased to have completed the legal and technical due diligence across the Pilbara asset portfolio. This marks a significant milestone in the finalisation of the acquisition, with only a few minor completion items pending and which are expected to be concluded in the coming weeks.

In addition to the due diligence, the Company and its consultants have been actively designing follow up surveys and programs for projects within the portfolio. This planning has ensured that the Company is in a position to action a work program immediately following completion. The board and management are excited about the prospects of this portfolio and will aim to rapidly advance the assets towards a potential discovery”.

Company Secretary Ms Kyla Garic

ASSET PORTFOLIO

Stara Planina - Serbia

(JV – path to 100% - 46km[2] )

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

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

Pirot - Serbia

(100% Raiden 17 - km[2] )

Vuzel - Bulgaria

(JV – path to 100% -26.5 km[2] )

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

Kalabak - Bulgaria

(JV – path to 75% -191 km[2] )

Zlatusha - Bulgaria

(JV – path to 75% -191 km[2] )

FOR FURTHER INFORMATION PLEASE CONTACT

DUSKO LJUBOJEVIC Managing Director

P 08 6158 9990 108 Outram Street, West Perth WA Australia 6005 Page 1 of 2

ASX RELEASE | 13[th] January 2021

RAIDEN RESOURCES LIMITED dusko@raidenresources.com.au

www.raidenresources.com.au

Disclaimer:

Forward-looking statements are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)”, “potential(s)”and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Company’s prospects, properties and business strategy. Investors are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and the Company does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

About Raiden Resources

Raiden Resources Limited (ASX: RDN) is an ASX/DAX 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 2½ 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 the Company plans to drill test.

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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