TEMPEST MINERALS LIMITED — Capital/Financing Update 2021

Oct 4, 2021

ASX: TEM

2021-10-05 | Extension of Entitlement Offer

==> picture [170 x 36] intentionally omitted <==

EXTENSION OF ENTITLEMENT OFFER CLOSING DATE

On 14 September 2021, Tempest Minerals Limited (“ Tempest ” or “ the Company ”) announced the details of a pro-rata non-renounceable rights issue (Offer) of up to approximately 73,697,827 fully paid ordinary shares (New Shares) on the basis of one New Share for every four shares held at an issue price of $0.017 per share (together with one free attaching option (New Options) for every three New Shares subscribed for and issued, with each option having an exercise price of $0.03 and expiry date of 31 March 2023) to raise up to approximately $1,252,863. .

Tempest advises that the closing date of the Offer to eligible shareholders of the Company has been extended by one week to 5.00pm (Brisbane time) on Friday, 15 October 2021. The closing date has been extended to ensure all eligible shareholders have an opportunity to participate in the Offer, having regard to the ongoing COVID-19 lockdown restrictions that are currently in place in NSW, Victoria, the ACT affecting approximately 15 million Australians and in New Zealand, and the impact this may have on eligible shareholders accessing physical documentation.

The revised indicative timetable is set out below.

Announcement of Issue	14 September 2021
Lodgement of Prospectus with ASIC	14 September 2021
Lodgement of Prospectus and Appendix 3B with ASX	14 September 2021
Record Date for the Offer	17 September 2021
Prospectus and Entitlement and Acceptance Form despatched to Shareholders	22 September 2021
Opening Date of Offer (9am Brisbane time)	22 September 2021
Company’s EGM	11 October 2021
Closing Date of Offer (5pm Brisbane time)	15 October 2021
Commencement of trading of New Securities on ASX	25 October 2021

The dates set out in this table are subject to change and are indicative only. The Company reserves the right to alter this timetable at any time.

The Board of the Company has authorised the release of this announcement to the market.

Contact

For more information, please contact: Don Smith

Managing Director

==> picture [15 x 18] intentionally omitted <==

Level 2, Suite 9 www.tempestminerals.com 389 Oxford Street Mt Hawthorn, LinkedIn Western Australia Instagram 6016 Twitter +61 89200 0435 Facebook

==> picture [15 x 15] intentionally omitted <==

+61 89200 0435

Tempest Minerals Ltd │ ACN 612 008 358

Page 1 | 1

Phone: +61 8 9200 0435 Address: Level 2, Suite 9, 389 Oxford Street, Mt Hawthorn, WA 6016