RESOLUTION MINERALS LTD — Capital/Financing Update 2018

Mar 12, 2018

==> picture [333 x 175] intentionally omitted <==

MARKET RELEASE

13 March 2018

Northern Cobalt Limited

TRADING HALT

The securities of Northern Cobalt Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 15 March 2018, or when the announcement is released to the market.

Security Code: N27

Sebastian Bednarczyk SENIOR ADVISER, LISTINGS COMPLIANCE (PERTH)

ASX Limited ABN 98 008 624 691

20 Bridge Street Sydney NSW 2000

www.asx.com.au Customer service 13 12 79

13 March 2018

ASX: N27, N27O

REQUEST FOR TRADING HALT

Ms Dawn James ASX Compliance Pty Ltd Level 40, Central Park, 52-158 St Georges Terrace Perth WA 6000

Dear Dawn

Northern Cobalt Ltd – Request for Trading Halt

Northern Cobalt Ltd (the Company ) (ASX: N27) requests a trading halt to be placed on its securities immediately.

In accordance with ASX Listing Rule 17.1, the Company advises that:

• (a) the trading halt is requested pending the release of an announcement in relation to a share placement and SPP;

• (b) the Company requests that securities remain in trading halt until the earlier of the announcement to the market or the commencement of trade on Thursday 15 March 2018; and

• (c) the Company is not aware of any reasons why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours faithfully

Jaroslaw (Jarek) Kopias Company Secretary Northern Cobalt Ltd

CAPITAL STRUCTURE

Ordinary Shares Issued 40.0 M

Options Listed 7.0 M @ 20c Unlisted 12.3 M @ 25c

Performance Shares Class A 9.6 M Class B 3.6 M

Last Capital Raise 20 Sept 2017 $4.2M @ 20c (IPO)

BOARD

Len Dean - Chair Michael Schwarz - MD Duncan Chessell - Exec Dir Andrew Shearer - NED Jarek Kopias - Co Sec

WWW.NORTHERNCOBALT.COM.AU

EMAIL US

67 GOODWOOD ROAD WAYVILLE SA 5034 AUSTRALIA

ASX: N27, N27O

Project Location

The Wollogorang Cobalt Project occurs in the far north-eastern corner of the Northern Territory, a mining friendly jurisdiction. The Project area is 180 km to the south-east of the population centre of Borroloola. The capital city of Darwin is 870 km to the north-west and the McArthur River Mine is approximately 150 km to the west-northwest.

About Northern Cobalt Ltd

Northern Cobalt Ltd is an emerging resource company engaged in the acquisition, exploration and development of cobalt mineral projects. The company is led by an experienced and diverse board of directors and management team with proven success in corporate finance, operational management, engineering and exploration project management. Their combined experience and commitment provides Northern Cobalt with the tools to capitalise on the growing demands of the cobalt and energy storage markets.

WWW.NORTHERNCOBALT.COM.AU

EMAIL US

67 GOODWOOD ROAD WAYVILLE SA 5034 AUSTRALIA