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RESOLUTION MINERALS LTD Capital/Financing Update 2020

Oct 15, 2020

65717_rns_2020-10-15_b86c7176-8d04-425d-af4b-4cf0ffaeee54.pdf

Capital/Financing Update

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16 October 2020

SPP OPTIONS PROSPECTUS UPDATE

Resolution Minerals Ltd ( RML, Resolution or Company ) advises that the Company has today issued 13,448,264 Quoted Options (ASX: RMLOB ) under the Share Purchase Plan (SPP) Options prospectus lodged on 21 September 2020. Participants in the SPP are entitled to apply for quoted options with an exercise price of $0.12 and expiry of 30 September 2023 ( Options ) on the basis of one (1) Attaching Option for every one (1) Share issued to them pursuant to the SPP.

The Options are offered for nil consideration to eligible participants and require an application form to be completed.

To apply for Options, eligible participants can access their personalised forms by registering their holding on the Automic website https://investor.automic.com.au/#/home.

Forms have been e-mailed or sent via post. Replacement forms can be requested from [email protected].

Completed forms must be:

E-mailed to: [email protected]

Posted to: Resolution Minerals Ltd C/- Automic Pty Ltd GPO Box 5193 SYDNEY NSW 2001

The offer is closing in 2 weeks and participants must ensure that completed forms are received by Automic no later than 30 October 2020 .

For further information please contact the authorising officer:

Duncan Chessell Follow RML on LinkedIn or Twitter Managing Director or visit our website www.resolutionminerals.com Resolution Minerals Ltd +61 8 6118 7110 E: [email protected]

CAPITAL STRUCTURE BOARD Ordinary Shares Performance Shares Len Dean - Chair Issued 279 M Class A 9.6 M Duncan Chessell - MD Class B 3.6 M Andrew Shearer - NED Options and rights Craig Farrow - NED Listed options 6.1 M @ 10c Last Capital Raise Jarek Kopias - Co Sec Listed options 69.8 M @ 12c August 2020 - Placement & SPP Unlisted options 12.3 M @ 25c $5.1M @ 7c Level 4, 29-31 King William Street, Adelaide SA 5000 Unlisted options 13.4 M @ 6c Unlisted rights 7.5 M