RUMBLE RESOURCES LIMITED — Capital/Financing Update 2024

May 23, 2024

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Rumble Resources Limited | ACN 148 214 260

24 May 2024

Dear Shareholder

RUMBLE RESOURCES LIMITED – PRO-RATA NON-RENOUNCEABLE ENTITLEMENT ISSUE

As announced on 10 May 2024, Rumble Resources Limited (ACN 148 214 260) (the Company ) is undertaking a non-renounceable entitlement offer of one fully paid ordinary share in the capital of the Company ( Share ) for every ten Shares held at an issue price of $0.04 per Share, to raise up to $2,921,577 (before costs) ( Offer ).

The Company intends to apply the funds raised from the Offer (less expenses) on the following projects:

• a) Zinc – Earaheedy Project metallurgical studies and ore beneficiation benefits, scoping studies and additional target drilling,

• b) Gold – Western Queen Project drilling to test for dip/plunge of a series of open for high-grade lode

• c) Lithium – Wardawarra Project, detailed mapping and geochemical sampling program and drilling; and

for general working capital. For further specifics of the use of funds please refer to section 3.2 of the offer document dated 24 May 2024.

Following completion of the Offer, assuming any shortfall is subsequently placed and the full subscription is raised, the Company will have issued approximately 73,039,427 Shares in total Shares on issue of 803,433,696.

Ineligible shareholders

A Shareholder who has a registered address outside Australia and New Zealand ( Ineligible Shareholder ) will not be eligible to participate in the Offer.

You are not eligible to participate in the Offer and you will not be sent a copy of the Prospectus. This decision has been made pursuant to Listing Rule 7.7.1(a) of the ASX Listing Rules after taking into consideration the costs of complying with legal and regulatory requirements in jurisdictions

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outside of Australia and New Zealand compared with the small number of Ineligible Shareholders and the number and value of Shares to which they would otherwise be entitled.

If you have any queries concerning the Offer, please contact your financial adviser or the Joint Company Secretaries, Stephen Wood and Trevor Hart, on +61 8 6555 3980.

Yours faithfully,

Peter Harold Managing Director and CEO

Rumble Resources Limited

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