SUPERIOR RESOURCES LIMITED — Capital/Financing Update 2021

Sep 15, 2021

ASX Announcement

16 September 2021

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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 16 September 2021, the Company issued the following fully paid ordinary shares (New Shares):

• a) 119,818,096 New Shares to sophisticated investors at a price of $0.0105 per share by way of placement; and

• b) 1,699,088 New Shares upon the exercise of the 1,699,088 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

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Carlos Fernicola

Non Exec. Chairman/Company Secretary Superior Resources Limited

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

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