RONIN RESOURCES LTD — Capital/Financing Update 2021

Dec 15, 2021

ASX Announcement 16 December 2021

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ACN 625 330 878

Registered Office:

Level 21, 459 Collins Street Melbourne VIC 3000

Contact:

Phone: +61 (0)3 8630 3321 Email: admin@roninresources.com.au

Board of Directors: Joseph van den Elsen (Executive Chairman)

Matthew Keen (Non-Executive Director)

Wilson Escobar Castaneda (Non-Executive Director)

Company Secretary: Justin Mouchacca

Securities on Issue:

31,625,010 ordinary shares 3,925,000 unlisted $0.30c options 200,000 Performance Rights

Share Price – $0.20c (at IPO)

Market capitalisation – $6.325M (at $0.20c IPO Share Price)

Cash at Bank – $4.8M (Estimate Post listing – Refer Prospectus dated 29 October 2021)

Ronin successfully lists on the ASX

Ronin Resources Ltd ( ASX: RON ) ( Ronin or the Company ) is pleased to announce that its securities will commence trading on the ASX at 1:30pm (AEDT) on Thursday 16 December 2021.

Following settlement of its $5,000,000 IPO and the issue of 25,000,000 new shares at $0.20c, Ronin has 31,625,010 shares on issue and estimated cash reserves of $4.8m ( Post Listing costs – refer to the IPO Prospectus dated 29 October 2021 ).

Executive Chairman Joseph van den Elsen said, “The Company is now well funded to advance the evaluation and assessment of the 100% owned Vetas and Santa Rosa Projects located in Colombia. The Company will also seek to evaluate and assess complementary new business opportunities capable of driving shareholder returns. On behalf of The Board I thank all new and preexisting shareholders for their support.”

For more information, please contact:

Justin Mouchacca Company Secretary P: +61 (0)3 8630 3321

-Ends-

This announcement has been approved for release by the Board of RON.

About Ronin Resources Ltd

Ronin Resources Limited (ASX: RON) is an ASX listed company focused on the evaluation and assessment of the Vetas and Santa Rosa Projects. Both projects are located in Colombia and 100% owned by Ronin. The Company also seeks to evaluate and assess complementary new business opportunities capable of delivering shareholder returns.

About Ronin Resources Ltd

The Company was admitted to the Official List (ASX code: RON) in December 2021 and is focused on the assessment and evaluation of the Vetas and Santa Rosa Projects. Ronin holds a 100% interest in both projects which are located in Colombia. The Company also seeks to identify, assess and potentially acquire complementary new business opportunities capable of delivering shareholder returns.

Forward Looking Statement

This ASX announcement may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Ronin Resources Ltd’s current expectations, estimates and assumptions about the industry in which Ronin Resources Ltd operates, and beliefs and assumptions regarding Ronin Resources Ltd.’s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Ronin Resources Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this ASX announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Ronin Resources Ltd does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions, or circumstances on which any such forward looking statement is based.