REDSTONE RESOURCES LIMITED — Capital/Financing Update 2023

May 14, 2023

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15 May 2023

Company Announcements Office Australian Stock Exchange Limited Level 5, 20 Bridge Street SYDNEY NSW 2000

Electronic Lodgement

‐ Cleansing Statement Notice under Section 708A(5)(e)(i) Corporations Act

Redstone Resources Limited (ASX: RDS) ( Redstone or the Company ) provides notice for the purposes of section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) in relation to 87,000,000 fully paid ordinary shares ( Shares ) issued at $0.010 Share to raise $870,000 (before costs) pursuant to a capital raising announced to the market on 4 May 2023 and an updated Appendix 3B dated 10 May 2023. The funds raised will be applied for the exploration and evaluation of the recently acquired Attwood Lake Lithium Project and for the continued exploration of the Company’s 100% owned West Musgrave Project as well as for general working capital.

The Shares are part of a class of securities quoted on ASX and may be subject to subsequent sale or offer.

Accordingly, the Company gives notice under section 708A(5)(e)(i) of the Act that:

1. the abovementioned shares were issued without disclosure to investors under Part 6D.2 of the Act;

2. as at the date of this notice the Company has complied with:

   • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

   • (ii) section 674 of the Act; and

3. as at the date of this notice there is no information to be disclosed which is “excluded information” as defined in subsection 708A(7) of the Act that is reasonable for investors and their professional advisers to find in a disclosure document.

This Announcement has been approved for release by the Board of Redstone Resources Limited.

Yours faithfully

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Miranda Conti Company Secretary

Redstone Resources Limited ABN 42 090 169 154 60 Havelock Street, West Perth WA 6005 Tel: 08 9328 2552

www.redstone.com.au Email: contact@redstone.com.au