AVZ Minerals Limited : - Unmarketable Parcel Share Sale Facility

AVZ Minerals Limited (ASX: AVZ, 'the Company') wishes to announce it has instituted a sale facility ('Facility') for shareholders who, as at 5.00pm (Perth time) on 9 June 2020 ('Record Date'), held a parcel of ordinary, fully paid shares in the Company ('Shares') valued at less than $500 ('Small Share Parcel').

The Company is providing the Facility to enable Small Share Parcels to be sold without the shareholder incurring any brokerage or sale costs. The Facility will also allow the Company to reduce the administrative costs associated with maintaining Small Share Parcels.

A Small Share Parcel comprises 7,812 or fewer Shares. As such, there were 2,227 Shareholders with a Small Share Parcel at the Record Date, holding a total of 8,624,995 Shares. Holders of a Small Share Parcel as at the Record Date are being sent the pro forma letter and Share Sale Election Form provided with this announcement.

Shareholders who wish to have their Small Share Parcel sold through the Facility do not need to take any action. Shareholders who do not want their Small Share Parcel sold through the Facility must complete their Share Sale Election Form, either online or by returning a hard copy to the Company's share registry, Automic Registry Services, no later than 5:00pm (WST time) on 3 August 2020 ('First Closing Date').

Shareholders who do not respond by the First Closing Date will be sent a second letter ('Second Letter') advising that, unless they complete their Share Sale Election Form (advising they do not wish for their Shares to be sold) by 5 pm (Perth time) on 17 August 2020 ('Second Closing Date'), the Company will immediately sell their Shares through the Facility if they hold 7,812 Shares or less on the Second Closing Date.

Shares will be sold under the Facility after the Second Closing Date with the proceeds to be paid as soon as practicable after settlement of the sale of all Shares under the Facility without brokerage or handling costs.

Shareholders who are concerned the Company may not have their current contact details or payment instructions can confirm or update their details in accordance with the Share Sale Election or by contacting Automic at [e-mail] or on 1300 288 664 (within Australia) or [phone] (outside Australia). This release was authorised by Nigel Ferguson, Managing Director of AVZ.

Contact:

Mr. Leonard Math

Tel: [phone]

Email: [e-mail]

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