Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) (the Company) is pleased to advise that following shareholder approval received at the General Meeting held on Friday, 29 April 2022, the Company will issue 12,991,938 new fully paid ordinary shares under Tranche 2 of the previously announced two-tranche share placement (Tranche 2 Placement Shares).

The issue of the Tranche 2 Placement Shares will raise approximately $28 million (before costs). The Tranche 2 Placement Shares are expected to settle on Wednesday, 4th May 2022 and will commence trading on the ASX on a normal basis on Thursday, 5th May 2022. The Tranche 2 Placement Shares will rank equally with Boss' existing shares.

This completes the $125 million equity raising, announced on 16 March 2022, to fund the development of the Honeymoon Uranium Project in South Australia to first production. The capital raise comprised of a two-tranche share placement which successfully raised $120 million (before costs) and a $5 million share purchase plan.

Contact:

Mathew O'Hara

Tel: +61 8 6263 4494

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.

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