VENARI MINERALS NL — Capital/Financing Update 2021

May 4, 2021

ASX Announcement ASX:ARO

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5 May 2021

COMPLETION OF CAPITAL RAISING

Astro Resources NL ( ARO or the Company ) is pleased to announce that following shareholder approval received at the Company’s General Meeting held on 29[th] April 2021, the following securities have been issued by the Company:

• 498,923,253 options each exercisable at $0.01 per option on 21 April 2022 relating to the ‘Tranche 1’ shares issued on 5 March 2021 ( Tranche 1 Placement Options );

• 249,576,748 fully paid ordinary shares ( Tranche 2 Shares ) issued at a price of $0.004 per share, raising $998,306.99 (before costs);

• 249,576,748 options each exercisable at $0.01 per option on 21 April 2022 relating to the Tranche 2 issue of Shares issued on 5 May 2021 ( Tranche 2 Placement Options ); and

• 20,000,000 fully paid ordinary shares issued at a price of $0.004 per share to Melbourne Capital Limited and/or its nominee in consideration for the provision of services relating to the Tranche 1 and Tranche 2 capital raising.

Set out below is the capital structure of the Company following the above issues:

Astro Resources NL, capital structure as at 5 May 2021	Astro Resources NL, capital structure as at 5 May 2021
Fully Paid Ordinary Shares on Issue	3,764,193,013
Options (exercisable @ 1c, exercise date 21.04.2022)	1,098,500,001

Authorisation

This announcement has been authorised for release by the board.

More Information

Vince Fayad Victoria Humphries Executive Director Media & Investor Relations Vince.fayad@vfassociates.com.au victoria@nwrcommunications.com.au +61 (0) 414 652 804 +61 (0) 431 151 676

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