RIEDEL RESOURCES LIMITED — Share Issue/Capital Change 2022

Apr 19, 2022

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20 April 2022

The Manager ASX Limited

Company Announcements Office

ISSUE OF SHARES AND APPENDIX 2A

Further to ASX Announcement on 28 February 2022, Riedel Resources Limited ( “Riedel” or the “Company” ) has issued 34,000,000 fully paid ordinary shares at an offer price of $0.01 per share ( “Tranche 2” ). Tranche 2 of the Placement was approved by shareholders at General Meeting of Shareholders on 8 April 2022.

With reference to the shares issued under Tranche 2, in accordance with section 708A(6) of the Corporations Act 2001 (Cth) (Corporations Act), the Company gives notice under paragraph 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 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.

An Appendix 2A for the shares issued under Tranche 2 follows this announcement.

Authorised for release by the Chairman.

Susan J Field Company Secretary

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