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RESOLUTION MINERALS LTD Capital/Financing Update 2021

Nov 11, 2021

65717_rns_2021-11-11_f2d1aaa4-636a-4c73-82ce-a7e6c070e740.pdf

Capital/Financing Update

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12 November 2021

AT-THE-MARKET RAISE AND INCREASE IN COLLATERAL SHARES

Resolution Minerals Ltd ( Resolution or Company ) (ASX: RML) is pleased to announce that the Company has utilised its At-the-Market Subscription Agreement (“ATM”) with Acuity Capital (see announcement on 30 April 2021) to raise $281,000 (inclusive of costs) by agreeing to issue 11,100,000 fully paid ordinary shares to Acuity Capital at an issue price of $0.0253 per share.

The 11,100,000 Resolution Minerals shares will be issued as approved by shareholders at the Company’s Annual General Meeting held on 11 November 2021. The issue price of $0.0253 represents a premium of approximately 31% to the Company’s 15 trading day VWAP to 11 November 2021 (inclusive). The funds raised will be put towards further exploration and working capital.

In addition, RML has agreed with Acuity Capital to increase the shares held as security by Acuity Capital under the ATM to a total of 32,000,000 through the issue of an additional 10,000,000 shares as approved by shareholders at the Company’s Annual General Meeting held on 11 November 2021 (“Collateral Shares”). This increase in Collateral Shares in required to ensure that the level of security held by Acuity Capital is commensurate with the size of the ATM. The Company may at any time cancel the ATM, including buying back and cancelling the Collateral Shares for nil cash consideration (subject to shareholder approval). Note that there were no fees or costs associated with the change in Collateral Shares held.

For further information please contact the authorising officer Duncan Chessell:

Duncan Chessell Julian Harvey Managing Director Investor Communications Resolution Minerals Ltd Resolution Minerals Ltd M: +61 414 804 055 M: +61 404 897 584 E: [email protected] W: www.resolutionminerals.com

[email protected]

CAPITAL STRUCTURE Ordinary Shares Issued 619 M Options and rights Listed options 6 M @ 10c Listed options 74 M @ 12c Unlisted options 13 M @ 8c Unlisted options 59 M @ 4c Unlisted rights 11 M

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise Sep-Oct-21 - Placement and SPP $3.4M @ 2c