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RESOLUTION MINERALS LTD Capital/Financing Update 2022

May 24, 2022

65717_rns_2022-05-24_522df736-4fda-4ffb-8349-fc97800d8264.pdf

Capital/Financing Update

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25 May2022

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

Resolution Minerals Limited ACN 617 789 732 ( Company ) (ASX:RML) gives this notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

The Company has today announced the issue of 155,091,648 fully paid ordinary shares in the Company ( Shares ) under the placement announced to the ASX on 18 May 2022.

The Company advises that:

  • (1) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act;

  • (2) as at the date of this notice, the Company has complied with:

    • (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

    • (b) sections 674 and 674A of the Corporations Act; and

  • (3) 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.

The Company’s Board has authorised the release of this announcement to the market.

For further information please contact:

Christine Lawley Interim CEO Resolution Minerals Ltd P: +61 8 6118 7110

Julian Harvey Investor Communications Resolution Minerals Ltd M: +61 404 897 584

E: [email protected]

[email protected]

W: www.resolutionminerals.com

CAPITAL STRUCTURE

BOARD

Ordinary Shares Issued 820 M

Options and rights Listed options 6 M @ 10c Listed options 74 M @ 12c Unlisted options 13 M @ 8c Unlisted options 79 M @ 3c Unlisted rights 28 M

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise May-22 – Placement $1.9M @ 1.2c

Craig Farrow - Chair Duncan Chessell - MD Andrew Shearer - NED Jarek Kopias - Co Sec Level 4, 29-31 King William Street Adelaide SA 5000