RESOLUTION MINERALS LTD — Capital/Financing Update 2021

Apr 29, 2021

30 April 2021

Acuity At-the-Market (ATM) Subscription Agreement Renewed

Resolution Minerals Ltd (RML or Company) is pleased to announce it has entered into an At-the-Market Subscription Agreement ( ATM ) with Acuity Capital. The ATM provides RML with up to $3 million of working capital and standby equity capital over the coming 32-month period. The facility, if utilised, would allow existing funds to be focussed on exploration.

Importantly, RML retains full control of all aspects of the subscription process: having sole discretion as to whether or not to utilise the ATM, the maximum number of shares to be issued, the minimum issue price of shares and the timing of each subscription (if any). There are no requirements on RML to utilise the ATM and RML may terminate the ATM at any time, without cost or penalty. Acuity Capital and the ATM do not place any restrictions at any time on RML raising capital through other methods.

If RML does decide to utilise the ATM, RML is able to set an issue price floor (at its sole discretion), with the final issue price being calculated as the greater of that floor price set by RML and up to a 10% discount to a Volume Weighted Average Price (VWAP) over a period of RML's choosing (again at the sole discretion of RML).

As security for the ATM, RML has agreed to place 22 million RML shares from its LR7.1 capacity, at nil cash consideration to Acuity Capital. The Company may, however, at any time cancel the ATM as well as buy back (and cancel) those shares for no cash consideration (subject to shareholder approval).

For further information please contact the authorising officer:

Duncan Chessell Managing Director Resolution Minerals Ltd +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 448 M

Options and rights Listed options 6 M @ 10c Listed options 75 M @ 12c Unlisted options 6 M @ 25c Unlisted options 13 M @ 8c Unlisted options 59 M @ 4.2c Unlisted rights 11 M

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise February 2021 - Placement $3.2M @ 2.8c

BOARD Craig Farrow - Chair Duncan Chessell - MD Andrew Shearer - NED Jarek Kopias - Co Sec

Level 4, 29 King William Street Adelaide SA 5000