RIEDEL RESOURCES LIMITED — Capital/Financing Update 2023

Dec 27, 2023

28 December 2023

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ISSUE OF PLACEMENT SHARES AND CLEANSING NOTICE

Further to its ASX announcement on 22 December 2023, Riedel Resources Limited (ASX: RIE) ( Riedel or the Company ) is pleased to advise that it has issued 164,428,571 fully paid ordinary shares ( Shares ) under a placement at an issue price of $0.0035 each, raising $575,500 (before costs).

Riedel issued the Shares without disclosure to investors under section 708A(5) of the Corporations Act 2001 (Cth) ( Act ). With reference to the Shares issued, in accordance with section 708A(6) of the Act, the Company gives notice under section 708A(5)(e) that:

1. the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

2. as at the date of this notice, the Company has complied with:

   • a) the provisions of Chapter 2M of the Act as they apply to the Company; and

   • b) sections 674 and 674A of the Act; and

3. there is no excluded information within the meaning of sections 708A(7) and 708A(8) of the Act which is required to be disclosed under section 708A(6)(e) of the Act.

This announcement was approved for release by the Board of Directors of Riedel.

-ENDS-

For further information please contact: David Groombridge Chief Executive Officer Riedel Resources Limited 4/6 Richardson St, West Perth, WA, 6005, Australia Tel: +61 (08) 9226 0866 admin@riedelresources.com.au

About Riedel Resources Limited

Riedel Resources Limited listed (ASX:RIE) is an Australian-based exploration company focused on the exploration for gold and base metals in Arizona, USA. Further information can be found at the Company’s website www.riedelresources.com.au

Riedel Resources Limited Suite 4, 6 Richardson Street, West Perth WA 6000 admin@riedelresources.com.au | riedelresources.com.au T: +61 8 9226 0866 | ABN: 91 143 042 022