RIEDEL RESOURCES LIMITED — Share Issue/Capital Change 2022

Feb 27, 2022

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28 February 2022

The Manager ASX Limited

Company Announcements Office

ISSUE OF SHARES AND APPENDIX 2A

Further to the ASX Announcement on 22 February 2022, Riedel Resources Limited ( “Riedel” or the “Company” ) has issued 71,000,000 fully paid ordinary shares at an offer price of $0.01 per share ( Tranche 1 ). Tranche 1 of the Placement was undertaken pursuant to Listing Rule 7.1.

Tranche 2 of the Placement (comprising 34,000,000 ordinary shares) is subject to shareholder approval and the general meeting is expected to be held around 8 April 2022.

With reference to the shares issued under Tranche 1, 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 1 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