Ardiden Limited (ABN 82 110 884 252) (ASX: ADV) (Company) advises that it has issued 12,500,000 fully paid ordinary shares and paid C$50,000 to Exiro Minerals Corp. (Exiro) in respect of the first anniversary payment of the earn-in agreement previously announced on 6 January 2020 over the New Patricia Gold Prospect.

The shares were issued utilising Ardiden's Listing Rule 7.1 Placement Capacity.

Notice under Section 708A of the Corporations Act

The Corporations Act 2001 (Cth) (the 'Act') restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By the Company giving this notice, a sale of the shares noted above will fall within the exemption in section 708A(5) of the Act. The Company gives notice pursuant to section 708A(5)(e) of the Act that: a) the Shares were issued on 14 October 2020 without disclosure to investors under Part 6D.2 of the Act; b) this Notice is being given under Section 708A(5)(e) of the Act; c) as at the date of this Notice, the Company has complied with: (i) the provisions of Chapter 2M of the Act as they apply to the Company and (ii) section 674 of the Act and d) as at the date of this Notice, there is no excluded information, within the meanings of section 708A(7) and 708A(8) of the Act.

This Announcement is authorised for ASX release by the Board of Directors of the Company.

Contact:

Rob Longley

Tel: +61 8 9322 7600

Email: info@ardiden.com.au

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