RESOLUTION MINERALS LTD — Capital/Financing Update 2021

Jan 27, 2021

28 January 2021

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

Resolution Minerals Ltd (Company) has issued 10,000,000 fully paid ordinary shares (ASX: RML) as consideration for a project acquisition ( Issue ).

Details of the Issue

Class of securities:

Ordinary shares

ASX code of securities:

RML

Date of the issue:

28 January 2021

Total number of shares issued:

10,000,000

The Company advises that:

1. The shares offered under the Issue were issued without disclosure to investors under Part 6D.2 Corporations Act 2001 (Cth) (Corporations Act).

2. This notice is given under section 708A(5)(e) of the Corporations Act.

3. As at the date of this notice, the Company has complied with the provisions of Chapter 2M Corporations Act as they apply to Resolution Minerals and has complied with section 674 Corporations Act.

4. 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 that has not already been disclosed to investors generally.

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

BOARD

Ordinary Shares Issued 292.0 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 9.5 M

Performance Shares Craig Farrow - Chair Class A 9.6 M Duncan Chessell - MD Class B 3.6 M Andrew Shearer - NED Jarek Kopias - Co Sec Last Capital Raise August 2020 - Placement & SPP Level 4, 29-31 King William Street $5.1M @ 7c Adelaide SA 5000

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