ZEUS RESOURCES LIMITED — Capital/Financing Update 2023

Jan 5, 2023

6 January 2023

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Zeus Resources Limited (ASX: ZEU) (“Company”)

Non-renounceable Entitlement Offer – Extension of Closing Date

Zeus Resources Limited (ASX: ZEU | ACN 139 183 190) (“ Zeus ” or the “ Company ”) refers to its nonrenounceable entitlement issue of one (1) fully paid ordinary share (“ Share ”) for every Share held by eligible shareholders at an issue price of $0.01 per Share together with one (1) freeattaching new option for every Share applied for and issued, each with an exercise price of $0.02 and an expiry date of 2 years from the date of issue, to raise up to $2,191,500 (“ Offer ”), as announced on 7 December 2022.

The Company wishes to advise that the Closing Date of the Offer has been extended from Wednesday, 11 January 2023 until Wednesday, 18 January 2023, in light of the Christmas and New Year holiday period.

The Offer timetable has been revised as follows:

Last day to extend Closing Date*	Friday, 13 January 2023
Closing Date as at 5:00pm (AEDT) (unless extended)	Wednesday, 18 January 2023
Announcement of results of issue	Monday, 23 January 2023
Issue date and lodgement of Appendix 2A with ASX applying for quotation of the Securities**	Wednesday, 25 January 2023 (before 12:00pm AEDT)
Company demonstrates compliance with Reinstatement Conditions to ASX Proposed date of Reinstatement and quotation of the Shares**	Friday, 27 January 2023 Tuesday, 31 January 2023

The Directors may extend the Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. Accordingly, the date the Shares are expected to commence trading on ASX may vary. *The proposed date of Reinstatement and quotation of Shares is conditional on ASX being satisfied (in its discretion) that all Reinstatement Conditions have been satisfied. There is no guarantee that the Shares will be reinstated to Official Quotation following completion of the Offer.

Further details of the Offer, including details on how to accept the Offer and key risks associated with an investment in the Company are set out in the Prospectus. Applications for new Shares and Options under the Offer may only be made by following the instructions on the Entitlement and Acceptance Form which accompanies the Prospectus.

www.zeusresources.com Suite 107, 25-29 Berry Street North Sydney NSW 2060 Australia Tel: +61 2 8488 3270 ACN: 139 183 190

Shareholders eligible to participate in the Offer should read the Prospectus carefully and consult their professional advisers as necessary.

This announcement was authorised for release to the ASX by the Board of the Company.

ENDS

For further information, please contact:

Mr Jian Liu

Executive Director

info@zeusresources.com

www.zeusresources.com