RESOLUTION MINERALS LTD — Capital/Financing Update 2020

Apr 23, 2020

24 April 2020

ISSUE OF SHARES ON EARLY EXERCISE OF UNQUOTED OPTIONS

Resolution Minerals Ltd (RML or the Company) (ASX:RML) advises that it has issued 900,000 fully paid ordinary shares on early exercise of unquoted options at an exercise price of $0.06 per share, for total proceeds of $54,000.

The options have been exercised well ahead of their expiry on 30 November 2022 and staged increase in exercise price on 30 November 2020.

The ASX required regulatory Appendix 3G and Appendix 2A and cleansing notice follow this announcement.

For further information please contact the authorising officer:

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

E: duncan@resolutionminerals.com

Follow RML on LinkedIn or Twitter

or visit our website www.resolutionminerals.com

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CAPITAL STRUCTURE

Ordinary Shares Issued 206.4 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

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise February 2020 – Placement $4.5M @ 5.0c

BOARD Len Dean - Chair Duncan Chessell - MD Andrew Shearer - NED Jarek Kopias - Co Sec

28 Greenhill Road, Wayville SA 5034