RESOLUTION MINERALS LTD — Capital/Financing Update 2020

Nov 23, 2020

24 November 2020

UPDATE ON 64NORTH PROJECT, ALASKA

Resolution Minerals Ltd ( RML, Resolution or Company ) advises that the Company’s project partner at the 64North Project in Alaska, Millrock Resources Inc, has released a market update. The update can be located at MRO New Release and is summarised below:

• Planned 2 holes totalling 1,100 metres to close out the final phase of drilling in the 2020 program. Both holes following up the 7m thick quartz vein intersected at the Aurora Prospect drill hole 20AU07 (hole #7).

• The first hole, which is being drilled from the same drill pad as hole #7, is nearing the target depth of 500 to 550 metres - first assays expected in coming weeks.

• Regional field work programs have concluded for the summer - assay results from samples to be announced over the coming months.

• Resolution is on track to complete the first year earn-in requirements on the 64North Project and secure a 30% interest in the project. The first year requires US$5 million in exploration expenditure of which US$1 million must be focussed on regional targets.

For further information please contact the authorising officer:

Andrew Shearer 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 Ordinary Shares Issued 279 M Options and rights Listed options 6.1 M @ 10c Listed options 74.4 M @ 12c Unlisted options 12.3 M @ 25c Unlisted options 13.4 M @ 6c Unlisted rights 7.5 M

BOARD Performance Shares Len Dean - Chair Class A 9.6 M Duncan Chessell - MD Class B 3.6 M Andrew Shearer - NED Craig Farrow - NED Last Capital Raise Jarek Kopias - Co Sec August 2020 - Placement & SPP $5.1M @ 7c

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