RESOLUTION MINERALS LTD — Capital/Financing Update 2020

Dec 22, 2020

23 December 2020

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

Resolution Minerals Ltd (Company) has issued 214,286 quoted options (ASX: RMLOB) with an exercise price of $0.12 and expiry of 30 September 2023 in conjunction with a placement undertaken in July 2020. The Company has further issued 2,500,000 fully paid ordinary shares (ASX: RML) as consideration for a project acquisition ( Issue ).

Details of the Issue

Class of Securities:

1. Fully paid ordinary shares (ASX: RML)

2. Quoted options (ASX: RMLOB)

Date of the issue:

23 December 2020

Total number of securities issued:

RML 2,500,000 RMLOB 214,286

The Company advises that:

1. The shares and options offered under the Issue 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 Resolution Minerals 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 Resolution Minerals Ltd +61 8 6118 7110 E: info@resolutionminerals.com

Follow RML on LinkedIn or Twitter or visit our website www.resolutionminerals.com

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CAPITAL STRUCTURE

BOARD

Ordinary Shares Issued 282.0 M

Options and rights Listed options 6.1 M @ 10c Listed options 74.6 M @ 12c Unlisted options 12.3 M @ 25c Unlisted options 13.4 M @ 6c Unlisted rights 9.5 M

Performance Shares Craig Farrow - Chair Class A 9.6 M Duncan Chessell - MD Class B 3.6 M Andrew Shearer - NED Jarek Kopias - Co Sec Last Capital Raise August 2020 - Placement & SPP Level 4, 29-31 King William Street $5.1M @ 7c Adelaide SA 5000