RESOLUTION MINERALS LTD — Capital/Financing Update 2020

Aug 3, 2020

4 August 2020

Successful SPP Closed Early

Resolution Minerals Ltd (ASX:RML) ( Resolution or the Company ) announces that the Company’s Share Purchase Plan (SPP) was successful, having received applications in excess of $2.3 million, and has closed today. The SPP was targeting $1.0 million as announced by the Company on 20 July 2020 and was previously planned to close on 13 August 2020. As per the terms of the SPP Offer document, the directors will determine the scale back of applications, if any, and a further announcement will be made to ASX in accordance with the listing rules.

The board of Resolution would like to thank all shareholders for participating in the SPP as the Company moves towards its year 1 earn-in at the highly prospective 64North Project in Alaska.

The updated timetable for the SPP is as follows:

Activity	Original dates	New dates
Announcement of results of the SPP	Monday, 17 August 2020	Friday, 7 August 2020
Issue of new shares under the SPP	Friday, 21 August 2020	Tuesday, 11 August 2020
Despatch of holding statements	Monday, 24 August 2020	Wednesday, 12 August 2020

For further information please contact the authorising officer:

Duncan Chessell	Follow RML onLinkedIn orTwitter
Managing Director	or visit our websitewww.resolutionminerals.com
Resolution Minerals Ltd
M: +61 414 804 055

E: info@resolutionminerals.com

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CAPITAL STRUCTURE BOARD Ordinary Shares Performance Shares Len Dean - Chair Issued 258.0 M Class A 9.6 M Duncan Chessell - MD Class B 3.6 M Andrew Shearer - NED Options and rights Jarek Kopias - Co Sec Listed options 6.1 M @ 10c Last Capital Raise Unlisted options 12.3 M @ 25c July 2020 - Placement Level 4, 29-31 King William Street Unlisted options 13.4 M @ 6c $3.6M @ 7.0c Adelaide SA 5000 Unlisted rights 7.5 M