TARUGA MINERALS LIMITED — Share Issue/Capital Change 2021

Jul 15, 2021

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16 July 2021

Issue of Securities and Cleansing Notice

Taruga Minerals Limited (ASX: TAR, Taruga or the Company ) advises that on 15 July 2021 it issued 108,500 shares to an employee of the Company.

Confirmation under section 708(5)(e) of the Corporations Act (Act)

The Company hereby notifies ASX under section 708A(5)(e) of the Act in compliance with the requirements of section 708A(6) of the Act. The Company also advises that as at the date of this notice:

1. The shares were issued without disclosure to investors under Part 6D.2 of the Act;

2. The Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

3. The Company has complied with section 674 of the Act; and

4. As at the date of this notice, there is no information:

5. a. That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules;

6. b. That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

   • i. The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

   • ii. The rights and liabilities attaching to the shares.

This announcement was approved by the Board of Taruga Minerals Limited.

For more information contact:

Thomas Line Eric de Mori CEO Director +61 8 9486 4036 +61 8 6169 2668

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