SOLARA MINERALS LTD — Capital/Financing Update 2022

Feb 16, 2022

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ADDRESS

ABN

Level 2, 22 Mount Street 80 647 829 749 Perth WA 6000 PHONE WEBSITE +61 (08) 6188 8181 www.lycaonresources.com

17 February 2022

ASX Announcement

Restricted Securities to be Released from Escrow

In accordance with ASX Listing Rule 3.10A, Lycaon Resources Limited (ASX:LYN) advises that the following securities will be released from escrow on 23 February 2022:

• 1,125,000 fully paid ordinary shares (ASX:LYN); and

• 1,250,000 unlisted options exercisable at $0.30 (expiring 23 February 2025).

Yours faithfully,

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Melanie Ross Company Secretary

This announcement has been authorised by Melanie Ross, the Company Secretary.

For more information on Lycaon Resources Limited and subscribe for regular updates, please visit our website at www.lycaonresources.com or contact us via admin@lycaonresources.com.

For further information:

Patrick Burke Non-Executive Chairman

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