Estrella Resources : Investor Webinar Presentation

9 June 2022

ASX ANNOUNCEMENT

onlyINVESTOR WEBINAR PRESENTATION

Estrella Resources (ASX: ESR) ("Estrella" or the "Company") is pleased to announce its participation in the Share Cafe Webinar - Micro/Small Cap "Hidden Gems" Webinar to be held tomorrow (Friday 10 June 2022) from 12:30pm AEDT / 10:30am AWST.

Managing Director Chris Daws will provide an overview of the Company's exploration and development activities useund rway at the Spargoville and Carr Boyd nickel sulphide projects.

The Company is currently undertaking a Definative Feasibility Study (DFS) on the 5A nickel sulphide mine at Spargoville with confirmation drilling of the nickel resource and metallurgical test work being completed.

This webinar is able to be viewed live via Zoom over the internet and will provide viewers the opportunity to hear from, and engage with, a range of ASX-listed leading micro/mid cap companies.

personalTo access further details of the event and to register (at no cost), please paste the following link into your internet browser:

https://us02web.zoom.us/webinar/register/3016544698531/WN_qOVLXnwfQzOKfz2rBVPGSw

A recorded copy of the webinar will be made available following the event and a copy of the investor presentation to be delivered during the webinar is attached.

The Board has authorised for this announcement to be released to the ASX.

FURTHER INFORMATION CONTACT

Christopher J. Daws

Managing Director Estrella Resources Limited [phone]

[e-mail]

_________________________________________________________________________________

Office Address London House, Level 11, 216 St Georges Terrace, PERTH WA 6000 Postal Address GPO Box 2517, PERTH WA 6831 Phone [phone] Fax [phone] Email [e-mail]

ersonal use only

SPARGOVILLE - TRANSITIONING TO NICKEL PRODUCTION

June 2022

Estrella Resources (ASX:ESR) Investor Presentation

Disclaimer & Declaration

This presentation has been prepared by Estrella Resources Limited ("ESR") as a summary of the company's exploration and development activities, with particular reference to the Spargoville Project near Kalgoorlie, WA.

onlyNo Offer of Securities

The presentation is not, and should not, be considered as an offer or invitation to subscribe for, or purchase any securities in ESR, or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in ESR will be entered into on the basis of this presentation.

Forward Looking Statements

This presentation contains certain forward looking statements which have not been based solely on historical facts but, rather, on ESR's current expectations about future events and on a number of assumptions which are subject to significant uncertainties and contingencies many of which are outside the control of ESR and its directors, officers and advisers.

useR liance on Third Party Information

Due care and attention has been taken in the preparation of this presentation. However, the information contained in this presentation (other than as specifically stated) has not been independently verified nor has it been audited. Accordingly, the company does not warrant or represent that the information contained in this presentation is accurate or complete. To the fullest extent permitted by law, no liability, however arising, will be accepted by ESR or its directors, officers or advisers, for the fairness, accuracy or completeness of the information contained in this presentation.

Compliance Statement

ersonalWith reference to previously reported Exploration results and mineral resources included in this presentation, the company confirms that it is not aware of any new information or

d ta that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

The Board authorised for this presentation to be released to ASX.

2

Experienced Board & Management

LESLIE PEREIRA

Non-Executive Chairman

onlyCHRISTOPHER DAWS Ma aging Director

JOHN KINGSWOOD Non-ExecutiveDirector

useSTEVE BROCKHURST Company Secretary

STEVE WARRINER ersonalExploration Manager

Experienced investor and businessman with involvement in small companies and maximising their potential value. Heavily involved in driving growth of Majestic Resources / Petra Diamonds - now merged with Petra Diamonds - and, subsequently, Kangaroo Resources (Indonesia)

Experience in running junior resources companies, including previous involvement with Niagara Mining (Poseidon Nickel), US Nickel and KMC Limited. Director and founder of Apollo "Phoenix" Resources Pty Ltd and a Director of Nimbus Mines Pty Ltd.

Experienced mining professional with over 25 years in the engineering services industry specializing is underground mine infrastructure. Successful businessman with a track record of acquiring mineral projects and implementing effective business

strategies. Currently a Director of Apollo "Phoenix" Resources Pty Ltd and Nimbus Mines Pty Ltd(a resource investment group).

15 years' experience in the finance and corporate advisory industry and is a Director of Mining Corporate Pty Ltd. His experience includes corporate and capital restructuring, corporate advisory, company secretarial services, capital raising, ASX and ASIC compliance requirements. Has served on the Board and acted as Company Secretary for numerous ASX listed and private companies

Highly experienced in successful exploration for nickel sulphide deposits. Was previously Chief Geologist at Poseidon Nickel Limited for 14 years. Over 30 years' experience in the resource/mining industry in WA and overseas with over 20 of these years exploring for and mining intrusive and extrusive nickel deposits in WA.

Estrella Resources (ASX:ESR) Investor Presentation	3

Estrella - At A Glance

WA-focussed nickel exploration company transitioning into production in a Tier-1 mining and processing jurisdiction with a highly experienced board and management team

only
Carr Boyd Nickel Sulphide
Project (100%-owned)
use	Lies only 80km from Kalgoorlie

	with initial drilling programs
	having discovered Massive
ersonal	Nickel Sulphide at the T5
prospect
Major exploration activity


underway to locate a world class, high quality, nickel sulphide resource

Spargoville Nickel Sulphide

Project (100%-owned)

• Lies 20km South-West of Kambalda and since being founded in1960s, four deposits have been discovered and

developed

 Estrella is seeking to rapidly transition Spargoville project

into a producing asset

Estrella Resources (ASX:ESR) Investor Presentation	4