VITAL METALS LIMITED — Share Issue/Capital Change 2021

Aug 26, 2021

27 August 2021

Company Announcements Office Australian Securities Exchange Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

NOTICE GIVEN UNDER section 708A(5) OF THE CORPORATIONS ACT

This notice is given by Vital Metals Limited (“ Company ”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Act ”).

On 27 August 2021 the Company issued 11,250,000 fully paid ordinary shares without disclosure under Part 6D.2 of the Act.

As at the date of this notice, the Company has complied with:

• a) the provisions of Chapter 2M of the Act as they apply to the Company; and

• b) section 674 of the Act.

The Company confirms that, as at the date of this notice, there is no information that:

• a) has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and

• b) investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

• i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

• ii. the rights and liabilities attaching to fully paid ordinary shares.

Yours faithfully

Vital Metals Limited

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Louisa Martino Company Secretary