MITHRIL RESOURCES LIMITED (MTH)

name changed to Mithril Silver and Gold Limited

The suspension of trading in the securities of Mithril Resources Limited is expected to be lifted from the commencement of trading on Wednesday, 22 May 2024 following its compliance with ASX's reinstatement conditions.

The Company provides confirmations to satisfy the conditions for reinstatement of the Company's securities to official quotation.

The Company provides the Auditor Review of Historical and Pro Forma Financial Information based on the pro-forma balance sheet as at 30 April 2024 prepared by the Company.

The company releases its Investor Presentation.

The company provides a statement outlining the top 320 largest listed option holders and their percentages, along with the Distribution Summary.

The company releases its application for quotation of securities.

The company releases a notification of issue, conversion or payment up of unquoted equity securities.

The company releases a notification of cessation of securities.

The company releases an application for quotation of securities.

The company releases a prospectus for the offer of up to 1,000 Shares in the capital of the Company at an issue price of $0.10 per Share to raise up to $100.

The company releases its notification of issue, conversion or payment up of unquoted equity securities.

The company issued 300,000 convertible notes with a $1.00 face value at its Annual General Meeting, and approved a 100:1 consolidation of its securities, bringing the total to 10,000.

The company has completed the consolidation of its issued capital based on 1 security for every 100 securities, with shares and options issued post-consolidation. The company will dispatch new holding statements to security holders, rounding up fractions where necessary.

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

The company releases its notice of cessation of securities

The company releases the results of its meeting.

The notice of AGM, which was released on 20 March 2024, included a typographical error in Resolution 15. The expiry date of the unlisted options to Compania Minera Copalquin SA de CV (or their nominee) should be 3 years from date of issue, not 7 August 2028.

The company releases a notice of consolidation. Shareholders get 1 share for every 100 presently owned.

The company releases a notice of proposed issue of securities.

Notice is given that the Annual General Meeting of shareholders of Mithril Resources Limited will be held by video-conferencing facility on 22 April 2024 at 12.00pm (AEST).

The company lodges its Half Year Report.

The company releases an Investor Presentation.

The company releases a notice of proposed issue of securities.

The company releases an updated notice of proposed issue of securities.

The company releases a notice of proposed issue of securities.

Mithril confirms firm commitments for a capital raising of $4.03M for recommencement of drilling at its high grade Copalquin gold/silver project in Mexico (drill rig on-site). The capital raising consists of $3.73M at $0.001 and additional convertible note raise of $0.3m (before costs) from sophisticated and professional investors. The Directors of the Company have committed to subscribe for $572,500. Mithril will seek shareholder approval for a 1 for 100 capital consolidation. Execution of Agreement with Stocks Digital for Investor Relation Services. Extension of previous convertible note, maturity date ï‚· Proceeds of this raise to be used for exploration work at the Copalquin district in Mexico and working capital. Mithril is intending to list on a North American securities exchange in 2024 and confirms it is in strategic discussions with various listed precious metal producers and developers.

The company lodges its Quarterly Activities Report and Appendix 5B.

The company releases a notification regarding unquoted securities.

Completion of $700,000 convertible note raise (before costs) from sophisticated and professional investors. Proceeds of this raise to be used as working capital and to continue exploration work at Copalquin.

The Company continues to assess its financial position and a strategic review including all options regarding recapitalisation of the Company and securing of operational funding which is critical to the Company's on-going financial viability.

The securities of Mithril Resources Limited were suspended from quotation at MTH's request under Listing Rule 17.2 on Friday, 17 November 2023 pending release of information regarding a then proposed scheme of arrangement with Newrange Gold. The suspension of MTH's securities from quotation was extended at MTH's request on Tuesday, 21 November 2023 pending release of information regarding the outcome of a strategic review including all options regarding recapitalisation of MTH and securing of operational funding which MTH disclosed is critical to its on-going financial viability. The securities of MTH will now continue to be suspended from quotation under Listing Rule 17.3.1 until MTH has demonstrated compliance with Listing Rule 12.2 to ASX's satisfaction.

The voluntary suspension is necessary to enable the Company to continue to assess its financial position and a strategic review including all options regarding recapitalisation of the Company and securing of operational funding which is critical to the Company's on-going financial viability. In the Company's opinion, the commencement of trading of its securities pending the outcome of the strategic review would risk the market trading on an uninformed basis, particularly having regard to the outcome of the recapitalisation process. In this circumstance, continued trading is likely to be materially prejudicial on the Company's ability to secure additional funding together with achieving a recapitalisation. The Company anticipates that the voluntary suspension remains in place until the earlier of the commencement of normal trading on Thursday, 7 December 2023 or when the anticipated announcement is released to the market.

On Monday, 20 November 2023, Newrange informed Mithril that it had not been able to raise the necessary funds to satisfy the Concurrent Financing condition prior to the Second Court Hearing. Accordingly, after extensive good faith discussions, Mithril and Newrange have mutually agreed to terminate the Deed, with effect from 21 November 2023. No break fee is payable by either party in these circumstances. The Directors of Mithril consider that termination of the Deed is in the best interests of Mithril Shareholders and Optionholders so as to allow Mithril to consider alternate strategic opportunities. Mithril Securityholders do not need to take any further action in respect of the Schemes. The Board will need to assess the potential impact of this termination on the operations of the Company and as such will undertake an immediate strategic review. The Company has requested an extension to the existing suspension to undertake this review together with assessing the financial position of the Company. The suspension has been requested for a period of 2 weeks to 5 December 2023.

The securities of Mithril Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MTH, pending the release of an announcement regarding the scheme of arrangement with Newrange Gold.

we understand that on or about this date the company consolidated its shares 1 for 10

listed entity carried for record purposes only