SULTAN RESOURCES LTD — Capital/Financing Update 2020

Oct 22, 2020

Market Announcement

==> picture [33 x 50] intentionally omitted <==

23 October 2020

==> picture [451 x 5] intentionally omitted <==

Sultan Resources Limited (ASX: SLZ) – Trading Halt (2+2)

Description

The securities of Sultan Resources Limited (‘SLZ’) will be placed in trading halt at the request of SLZ, pending it releasing an announcement regarding a capital raising. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 29 October 2020 or when the announcement is released to the market.

Issued by

Simon Barcham

Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

23 October 2020 ASX Limited

Sultan Resources Ltd

ACN: 623652 522

CORPORATE DETAILS

ASX Code: SLZ

DIRECTORS

STEVEN GROVES MANAGING DIRECTOR

JEREMY KING CHAIRMAN

23[rd] October 2020

Mr. Dale Allen Australian Securities Exchange Level 40, Central Park 152-158 St George's Terrace Perth WA 6000

DAVID LEES NON-EXECUTIVE DIRECTOR

CONTACT

Suite 2, Level 1, 1 Altona Street West Perth WA 6005 www.sultanresources.com.au

info@sultanresources.com.au

By email: tradinghaltsperth@asx.com.au

TRADING HALT: SULTAN RESOURCES LIMITED

Dear Mr Allen,

Sultan Resources Limited (ASX: SLZ) ( Sultan or Company ) requests the immediate implementation of two consecutive trading halts with respect to its securities to apply from the commencement of trading on Friday, 23 October 2020.

In accordance with ASX Listing Rule 17.1, SLZ advises the following:

1. The Company is seeking two consecutive trading halts;

2. The trading halts are requested for the purposes of considering, planning and executing a capital raising (the “Announcement”);

3. The Company requests that the two consecutive trading halts last until the commencement of trading on Thursday, 29 October 2020 or earlier Announcement by the Company.

4. The Company is not aware of any reason why the two consecutive trading halts should not be granted.

Authorised by the Board,

==> picture [81 x 28] intentionally omitted <==

Mauro Piccini Company Secretary