RESOLUTION MINERALS LTD — Capital/Financing Update 2019

Dec 2, 2019

ASX RELEASE

3 December 2019

PLACEMENT CLEANSING NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT

Resolution Minerals Ltd (Company) has issued 32,955,675 fully paid ordinary shares in the Company at an issue price of $0.035 per share under a placement ( Placement ).

Details of the Placement

Class of Securities: Ordinary shares ASX Code of the securities: RML Date of the issue: 3 December 2019 Total number of shares issued: 32,955,675

The Company advises that:

1. The shares offered under the Placement were issued without disclosure to investors under Part 6D.2 Corporations Act 2001 (Cth) (Corporations Act).

2. This notice is given under section 708A(5)(e) of the Corporations Act.

3. As at the date of this notice, the Company has complied with the provisions of Chapter 2M Corporations Act as they apply to Northern Cobalt and has complied with section 674 Corporations Act.

4. As at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act that has not already been disclosed to investors generally.

For further information please contact the authorising officer:

Duncan Chessell Managing Director Northern Cobalt Ltd M: +61 414 804 055 E: duncan@resolutionminerals.com

CAPITAL STRUCTURE Ordinary Shares Performance Shares Issued 108.9 M Class A 9.6 M Class B 3.6 M Options and rights Listed options 6.1 M @ 10c Last Capital Raise Unlisted options 12.3 M @ 25c December 2019 – Placement Unlisted options 15.0 M @ 6c $1.5M @ 3.5c Unlisted rights 6.0 M

BOARD

Len Dean - Chair Duncan Chessell - MD Andrew Shearer - NED Jarek Kopias - Co Sec 28 Greenhill Road, Wayville SA 5034