RESOLUTION MINERALS LTD — Capital/Financing Update 2020

Aug 6, 2020

7 August 2020

Results of Share Purchase Plan

Resolution Minerals Ltd (ASX:RML) ( Resolution or the Company ) announces the results of the Company’s Share Purchase Plan ( SPP ) which closed on 4 August 2020.

The SPP was closed early on the 4 August 2020 with applications of approximately $2.3m received, which exceeded the initial $1.0 million target. The board has agreed to accept $1.5 million and will issue 21,428,682 new shares on 11 August 2020 in accordance with the terms and conditions of the SPP.

The issue of Options to participants under the SPP offer requires shareholder approval and the Company will advise of the date of the General Meeting seeking shareholder approval shortly.

All shareholders submitting valid applications (via cleared BPay or EFT funds with the share registry) by close of business on 4 August 2020 (closing date) will have a scale back applied to the SPP Offer in accordance with the SPP terms and conditions. Any applications received after this time will be returned to applicants.

The Company expects to dispatch a holding statement or confirmation advice in respect of the new shares allotted under the SPP on 12 August 2020. Participants in the SPP should confirm their holding before trading in any shares that they believe have been allotted to them under the SPP.

For further information please contact the authorising officer:

Duncan Chessell Managing Director Resolution Minerals Ltd M: +61 414 804 055

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 258.0 M Options and rights Listed options 6.1 M @ 10c 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 Jarek Kopias - Co Sec Last Capital Raise July 2020 - Placement Level 4, 29-31 King William Street $3.6M @ 7.0c Adelaide SA 5000