SUREFIRE RESOURCES NL — Capital/Financing Update 2023

Nov 8, 2023

PLACEMENT COMPLETED

Surefire Resources NL (ASX:SRN) (SRN or the Company) is pleased to announce that it has completed a placement to sophisticated and professional investors, raising $2,000,000 (before costs), and has resolved to issue 181,818,186 fully paid ordinary shares (Placement Shares) as detailed in the Appendix 2A lodged with ASX today.

The Placement Shares were issued without shareholder approval pursuant to the Company's existing placement capacity under ASX Listing Rule 7.1 (as to 16,324,695) and ASX Listing Rule 7.1A (as to 165,493,491).

Each of the Placement Shares issued are entitled to one (1) free attaching option (exercisable at A$0.019 each and expiring on 30 November 2026 (Placement Options)). The offer and issue of these Placement Options are the subject of a prospectus lodged with ASX and ASIC on 3 November 2023.

Use of Funds

The primary purpose of the Placement is to raise funds for developing the Victory Bore and the High Purity Alumina Projects, for continued exploration on and development of the Company's other 100% owned West Australian projects, and for continued working capital purposes. If, in the view of the Board, circumstances present as appropriate, funds will also be allocated to assess, and if applicable, acquire, further projects.

SECTION 708A(5)(e) CLEANSING NOTICE

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Corporations Act 2001 (Act) that:

• (a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;

• (b) 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

• (c) as at the date of this notice there is no information ('excluded 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 Securities.

Authorised for lodgement by Rudolf Tieleman, Company Secretary

About Surefire Resources:

Surefire Resources is an Australian mineral exploration company based in Perth, Western Australia (WA). The company holds mineral exploration licences over a variety of resources located in WA. Its focus is on adding value to shareholders by advancing its Victory Bore vanadium critical and battery minerals project, located close to existing infrastructure and currently in Pre-Feasibility stage. In addition, its large high grade Iron project and it's Gold project have potential to add considerable value to the company.