SUPERIOR RESOURCES LIMITED — Capital/Financing Update 2020

Oct 12, 2020

13 October 2020

==> picture [147 x 86] intentionally omitted <==

ASX Announcement

Markets Announcement Platform Australian Securities Exchange

Cleansing Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by Superior Resources Limited (ASX: SPQ) (ACN 112 844 407) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the Act ).

On 13 October 2020, Superior Resources Limited issued 19,238,547 new fully paid ordinary shares ( New Shares ) upon the exercise of 19,238,547 options with an exercisable price of $0.006 each and expiration date of 31 December 2021.

Superior Resources Limited confirms the following:

• a) the New Shares were issued without disclosure under Part 6D.2 of the Act;

• b) the notice is being given under section 708A(5)(e) of the Act;

• c) as at the date of this notice, Superior Resources limited has complied with:

  • i). the provisions of Chapter 2M of the Act as they apply to the Company; and

  • ii). section 674 of the Act;

• d) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Act.

This notice has been authorised for release to the ASX by the Chairman, Mr Carlos Fernicola, on behalf of the Board.

Yours faithfully

==> picture [194 x 34] intentionally omitted <==

Carlos Fernicola Non Exec. Chairman/Company Secretary Superior Resources Limited

Tel: +61 7 3831 4172 www.superiorresources.com.au carlos@carlosfernicola.com.au

==> picture [595 x 73] intentionally omitted <==