TRUE NORTH COPPER LIMITED — Capital/Financing Update 2021

Jul 22, 2021

ASX Announcement Media Release

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PLACEMENT CLEANSING NOTICE

23 JULY, 2021

Duke Exploration Limited ( Company ) is pleased to announce it has now completed tranche 2 of the share placement announced on 10 June 2021 to raise a gross of $3.96 million. This follows approval of this tranche at an Extraordinary General Meeting held on 20 July 2021.

The Company gives notice in relation to this placement that:

• it issued the securities without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (“Act”);

• this notice is being given under section 708(5)(e) of the Act;

• as at today’s date, 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

• As at today’s date there is no other information that is excluded information which is required to be set out in this notice pursuant to section 708(6)(e) of the Act.

This announcement has been authorised for release by the Board.

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Philip Condon Managing Director p.condon@dukeexploration.com.au Ph +61 417 574 730

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Toko Kapea Chairman t.kapea@dukeexploration.com.au Ph+64 27 534 2886

Duke Exploration Limited ABN 28 119 421 868 PO Box 765 Kenmore Q 4069 AUSTRALIA www.duke-exploration.com.au