RIEDEL RESOURCES LIMITED — Capital/Financing Update 2023

May 7, 2023

8 May 2023

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CLEANSING STATEMENT

Further to the ASX Announcement on 2 May 2023, Riedel Resources Limited (‘ Riedel ’ or ‘ the Company ’) (ASX:RIE) advises that it has issued 280,000,000 fully paid ordinary shares ( ‘Shares ’) at an issue price of $0.005 per Share.

The Company issued the Shares without disclosure under section 708A(5) of the Corporations Act 2001 (Cth) (‘ Act ’) and, in accordance with section 708A(6) of the Act, gives notice under section 708A(5)(e) that:

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

2. As at the date of this notice:

   • a) The Company has complied with the provisions of Chapter 2M of the Corporations Act as it applies to the Company;

   • b) The Company has complied with section 674 and 674A of the Corporations Act; and

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

In accordance with paragraph 7(f) of ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547, this notice also serves as a cleansing notice for the Company’s share purchase plan.

Authorised for release by the Board of Riedel Resources Limited.

For further information please contact:

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Susan J Field Company Secretary sfield@riedelresources.com.au