RESOLUTION MINERALS LTD — Capital/Financing Update 2021

Nov 10, 2021

11 November 2021

ACQUISITION OF 100% OF BENMARA PROJECT

Resolution Minerals Ltd ( Resolution or Company ) (ASX: RML) is pleased to advise that the Company has elected to acquire 100% of the Benmara Project from Strategic Energy Resources Limited (SER) – see initial announcement on 15 December 2020.

The consideration for the final stage of the agreement of outright purchase of the Benmara Project (EL32228) comprises a payment of $250,000 in RML shares or cash, at RML’s election. Resolution has elected to make payment via the issue of 13,773,778 shares as approved by shareholders at today’s Annual General Meeting. The number of shares has been calculated using the VWAP over the 5 day period prior to RML’s election to proceed. The consideration shares will be issued on 12 November 2021.

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: duncan@resolutionminerals.com j.harvey@resolutionminerals.com W: www.resolutionminerals.com

CAPITAL STRUCTURE

Ordinary Shares Performance Shares Issued 619 M Class A 9.6 M Class B 3.6 M Options and rights Listed options 6 M @ 10c Last Capital Raise Listed options 74 M @ 12c Sep-Oct-21 - Placement and SPP Unlisted options 13 M @ 8c $3.4M @ 2c Unlisted options 59 M @ 4c Unlisted rights 11 M

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

Level 4, 29 King William Street Adelaide SA 5000