TERRACOM LIMITED — Capital/Financing Update 2021

Sep 2, 2021

TerraCom Limited Blair Athol Mine Access Road Clermont, Queensland, 4721 +61 7 4983 2038 ABN 35 143 533 537

3 September 2021

REFINANCE UDPATE

TerraCom Limited ( TerraCom or Company ) wishes to provide shareholders with an update regarding the refinance program.

The refinance program has progressed since the last update to shareholders, but additional time is necessary to see it through to completion.

The existing bondholders continue to be supportive of both the Company and the refinance program and have agreed to extend the Euroclear Bond maturity date until Friday 17 September 2021.

The Company will continue to work with the incoming debt funder and existing bondholders to close all final elements of the refinance program within the next extension timeframe.

Commenting, Executive Chairman Craig Ransley said:

“We appreciate the ongoing support that the existing bondholders have provided to the Company and throughout this refinance process. The Company looks forward to finalising the refinance program as soon as practicable.”

This announcement has been approved by the Board for release.

For further information please contact:

Craig Ransley Megan Etcell Executive Chairman Company Secretary P +61 7 4983 2038 P +61 7 4983 2038

About TerraCom Limited

TerraCom Limited (ASX: TER) is an emerging company originating as a resource explorer with a large portfolio of operating assets in Australia and South Africa. We are currently enacting a growth strategy towards delivering a Mid-Tier diversified operating and trading business and have global focus on the development of a high yielding diversified asset portfolio for its investors. To learn more about TerraCom visit terracomresources.com.

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