RESOLUTION MINERALS LTD — Capital/Financing Update 2020

Feb 12, 2020

13 February 2020

PLACEMENT CLEANSING NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT

Resolution Minerals Ltd (Company) has issued 90,966,737 fully paid ordinary shares in the Company at an issue price of $0.05 per share under a placement ( Placement ).

Details of the Placement

Class of Securities:

Ordinary shares

ASX Code of the securities:

ASX Code of the securities: RML Date of the issue: 12 February 2020 and 13 February 2020

Total number of shares issued: 90,966,737

The Company advises that:

1. The shares offered under the Placement were issued without disclosure to investors under Part 6D.2 Corporations Act 2001 (Cth) (Corporations Act).

2. This notice is given under section 708A(5)(e) of the Corporations Act.

3. As at the date of this notice, the Company has complied with the provisions of Chapter 2M Corporations Act as they apply to Resolution Minerals and has complied with section 674 Corporations Act.

4. As at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act that has not already been disclosed to investors generally.

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 204.8 M Options and rights Listed options 6.1 M @ 10c Unlisted options 12.3 M @ 25c Unlisted options 15.0 M @ 6c Unlisted rights 7.0 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