SOLARA MINERALS LTD — Share Issue/Capital Change 2022

Jun 2, 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

WEBSITE www.lycaonresources.com

3 June 2022

ASX Announcement

The Manager Companies Announcements Office Australian Securities Exchange

Dear Sir/Madam

NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Lycaon Resources Limited (ACN 647 829 749) (“ Lycaon ” or “ Company ”) (ASX:LYN) pursuant to section 708A(5)(e) of the Corporations Action 2001 (Cth) ( Corporations Act ).

Today the Company has issued 1,031,250 fully paid ordinary shares.

The Company hereby gives notice that:

• (a) The Shares are part of the class of ordinary shares quoted on the ASX;

• (b) The Company issued the Securities without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on section 708 and that notification is being given under Section 708A(5)(e) of the Act;

• (c) As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (d) As at the date of this notice, there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • B. the rights and liabilities attaching to the Shares.

Yours faithfully,

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Melanie Ross Company Secretary