RESOLUTION MINERALS LTD — Capital/Financing Update 2021

Jan 31, 2021

1 February 2021

CHANGES IN PERFORMANCE RIGHTS

Resolution Minerals Ltd ( Resolution or Company ) (ASX: RML), advises that 250,000 unquoted performance rights (RMLAH) have lapsed in accordance with the terms of those securities. A further 1,950,000 new performance rights have been issued as incentive based remuneration. Furthermore, 500,000 previously issued performance rights have been exercised.

These securities are issued under Resolution’s Performance Share Plan.

The Company’s current share structure is detailed in the Appendix 3G and Appendix 2A that follow this announcement.

For further information please contact the authorising officer:

Duncan Chessell Managing Director Resolution Minerals Ltd +61 8 6118 7110

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 292.5 M

Options and rights Listed options 6.1 M @ 10c Listed options 74.6 M @ 12c Unlisted options 12.3 M @ 25c Unlisted options 13.4 M @ 6c Unlisted rights 10.7 M

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise August 2020 - Placement & SPP $5.1M @ 7c

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