SUREFIRE RESOURCES NL — Capital/Financing Update 2020

Jul 21, 2020

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22 July 2020

ASX Listings Compliance (Perth) Level 40, Central Park 152-158 St George’s Terrace PERTH WA 6000

CLARIFICATION OF NEW OPTION TERMS

The Company wishes to clarify that the New Options referred to in the Company’s ASX release on 20 July 2020 and in the Prospectus lodged 21 July 2020 are in fact standard options having the following basic terms:

1. an amount of $0.001 to pay on application;

2. an entitlement to exercise each option into one fully paid ordinary share at an exercise price of $0.006;

3. the exercise expiry date being 30 June 2022; and

4. application for quotation on ASX will be made once all New Options have been issued.

Yours faithfully

[Sent electronically with approval but without signature]

Vladimir Nikolaenko

Managing Director

AUSTRALIA 45 Ventnor Avenue, West Perth WA 6005 | T +61 8 9429 8846 | F +61 8 9429 8800 ABN 48 083 274 024 | ASX SRN | E info@surefireresources.com.au www.surefireresources.com.au