WEST COAST SILVER LIMITED — Capital/Financing Update 2021

Nov 30, 2021

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ASX ANNOUNCEMENT
ABN 95 155 472 834
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1 December 2021

Cleansing Notice under Section 708A(5) of the Corporations Act 2001 (Cth)

This notice is given by Errawarra Resources Ltd (ASX: ERW) as required under section 708(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

The Company advises that it issued 5,600,000 fully paid ordinary shares ( New Shares ) at an issue price of $0.22 per New Share to professional and sophisticated investors in relation to the placement announced on 23 November 2021 ( Placement ). The issue of shares are detailed in the Appendix 2A lodged with ASX on 1 December 2021.

The Corporations Act restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 and 708A of the Act. By the Company giving this notice, the shares issued pursuant to the participation in the Placement will fall within the exemption in section 708A(5) of the Corporations Act. As such, the Company confirms that the Placement was made without a disclosure document.

In accordance with section 708A(5)(e) of the Corporations Act, the Company confirms that as at the date of this notice:

• (1) the New Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

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

• (3) the Company has complied with the provision of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act; and

• (4) there is no information that is ‘excluded information’ (within the meaning of sections 708A(7) and 708A(8) of the Corporations Act) to be disclosed under section 708A(6)(e) of the Corporations Act.

This announcement has been authorised by Mr Jonathan Murray, Non-Executive Chairman.

For further information, please contact:

Mindy Ku Company Secretary Errawarra Resources Ltd E: info@errawarra.com T: +61 8 9322 3383

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info@errawarra.com +61 (08) 9322 3383 Level 12, 197 St Georges Tce Perth WA

ASX: ERW

www.errawarra.com