TREK METALS LIMITED — Capital/Financing Update 2021

Feb 2, 2021

3 FEBRUARY 2021 ASX/MEDIA RELEASE NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT

On 3 February 2021, Trek Metals Limited ( ASX: TKM or the Company ) completed the issue of 45,000,000 fully paid ordinary shares in the capital of the Company ( Shares) as part of the placement announced on 27 January 2021. The shares were issued within the Company’s existing Listing Rule 7.1 and 7.1A placement capacity.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) Corporations Act) that:

1. the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and

2. as at the date of this notice, the Company has complied with:

(i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

(ii) section 674 of the Corporations Act; and

1. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

Approved for release by John Young – Executive Director.

ENDS

For further information contact:

INVESTORS: MEDIA: John Young Nicholas Read john@trekmetals.com.au 0419 929 046

REGISTERED OFFICES – TREK METALS LIMITED ARBN 124 462 826

Australia 130 Stirling Highway North Fremantle WA 6159

Bermuda Postal Address Vallis Building, 4th Floor Locked Bag 4 58 Par-la-Ville Road NORTH FREMANTLE Hamilton HM 11 WA 6159

ASX TKM | W TREKMETALS.COM.AU | T 1300 206 978 | E INFO@TREKMETALS.COM.AU | 1