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XSTATE RESOURCES LIMITED Capital/Financing Update 2023

Sep 28, 2023

66107_rns_2023-09-28_6fe19d51-8b28-47da-b2f2-298491d0bce1.pdf

Capital/Financing Update

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ABN 96 009 217 154

29 September 2023

Announcement to ASX

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Comple�on of Alberta Plains Asset Sale

Xstate Resources Limited ( ASX:XST ) (“ Xstate ” or “ the Company ”) advises that it has receipted C$1,007,731 (approximately A$1,170,000) from Blue Sky Resources Limited in net proceeds as full and final payment for the sale of the Company’s 35% working interest in the Alberta Plains Assets. On receipt of these funds, the Company notes the transac�on has reached comple�on.

This release was approved by the Board of the Company

Andrew Childs Executive Chairman

Xstate Resources Limited

About Xstate Resources Limited:

Xstate Resources (ASX Code: XST) is an ASX listed company focused on the oil and gas sector. The Company has oil and associated gas production interests in Alberta Canada and Austria, and exploration assets located in the Sacramento Basin, California. Xstate is presently pursuing new opportunities in the oil and gas sector globally.

www.xstateresources.com.au