RESOLUTION MINERALS LTD — Share Issue/Capital Change 2022

May 24, 2022

Announcement Summary

Entity name

RESOLUTION MINERALS LTD

Announcement Type

New announcement

Date of this announcement

Wednesday May 25, 2022

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
RML	ORDINARY FULLY PAID	155,091,648	25/05/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RESOLUTION MINERALS LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 99617789732

1.3 ASX issuer code RML

1.4 The announcement is

New announcement

1.5 Date of this announcement

25/5/2022

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
18-May-2022 09:12	New - Proposed issue of securities -RML	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

This Appendix 2A only deals with the issue of placement shares. The further issues of attaching options and fee shares and fee options are subject to shareholder approval.

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

RML : ORDINARY FULLY PAID

Issue date

25/5/2022

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Number of +securities held	Number of holders	Total percentage of +securities heldFor example, to enter a value of 50%please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Issue details

Number of +securities to be quoted155,091,648
Are the +securities being issued for a cash consideration?Yes
In what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.01200000
Any other information the entity wishes to provide about the +securities to be quoted

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
RML : ORDINARY FULLY PAID	820,458,247
RMLOB : OPTION EXPIRING 30-SEP-2023	74,634,643
RMLOA : OPTION EXPIRING 30-JUN-2022	6,096,558

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
RMLAK : OPTION EXPIRING 15-DEC-2023 EX $0.03	79,484,111
RMLAH : PERFORMANCE RIGHTS	28,335,000
RMLAE : PERFORMANCE SHARES CLASS A	9,600,000
RMLAF : PERFORMANCE SHARES CLASS B	3,575,000
RMLAI : OPTION EXPIRING 30-NOV-2022 EX VARIOUS PRICES	13,400,000