ASX Announcement

22 December 2021

Adjournment of Annual General Meeting

onlyTulla Resources Plc (ASX:TUL) advises that the Annual General Meeting scheduled for 4.00pm (AEDT) today will be adjourned as a consequence of the venue for the meeting being a COVID-19 exposure site.

Shareholders should not attend the Annual General Meeting venue this afternoon.

Tulla Resources Plc will announce a revised time and date for the Annual General Meeting in due course.

Attached for shareholders information is the Chairman's address and Presentation which would have been presented this afternoon.

useThis ASX release was authorised by the Company Secretary For further enquiries please contact:

Stephen Maffey| Company Secretary| Ph: + 61 (0) 2 9095 4266 | Email: stephen.maffey@tulla.com.au personalFor

For personal use only

Chairman's 2021 AGM Address to Shareholders

The past year has been truly transformational for Tulla Resources and an incredibly busy one for the Board and Management team.

In March 2021 the Company successfully listed on the ASX and commenced trading giving our shareholders a platform to freely trade their holdings in Tulla Resources. We welcomed onboard a number of new investors in the Company and appreciate their support.

As a prelude to the admission to the ASX the Company undertook a major corporate reorganisation that included the repayment/conversion of all debt to Tulla Private who had financed the Company for over 9 years.

As part of the reorganisation and listing we welcomed Mark Maloney, Andrew Greville and Mike Anglin to the Board. This added considerable investment banking and international mining expertise to the Company which is invaluable. I would also like to personally thank David Steinepreis, who elected to resign from the Board on admission, for his dedicated service as a director of the Company over two periods for in excess of 15 years.

While we have a small management team, they are industrious and hardworking and on behalf of the Board we thank them for their work over this challenging period as we underwent a complete corporate overhaul.

In April 2021, our joint venture partner at the Norseman Gold Project completed its $50 million Sole Funding obligations and the unincorporated 50/50 joint venture with Pantoro commenced.

It has also been a very busy and productive time on site at the Norseman Gold Project. The Joint Venture has undertaken substantial exploration drilling with great results. The Scotia Mining Centre has been the main focus with discoveries at Green Lantern and Panda as well as further success at Scotia Deeps. This has culminated in the release of a maiden Mineral Resource and Ore Reserve at Green Lantern. It is expected that there will be an upgraded Mineral Resource and Ore Statement released in the March 2022 quarter which will add high grade ounces and extend the Phase One mine life.

There are currently 6 drill rigs on site concentrating on the Scotia Mining Centre area.

Mining Contractor tenders have recently been submitted and a decision will be made in the new year to award contracts for the open pit and underground mining. Mining is scheduled to commence in April 2022. An updated mine schedule is planned by the time of the commencement of production.

The old Phoenix Plant has been demolished and construction is now well underway on a new 1.0Mtpa carbon in leach processing plant. It is expected that production will recommence in August 2022.

Tulla Resources Plc

TELEPHONE:

ADDRESS:

POSTAL:

+61 (0)2 9095 4266

Suite 5, Level 2, 2 Grosvenor

PO Box 2499 Bondi Junction

Street, Bondi Junction NSW 2022

NSW 1355 Australia

ARBN:

FAX:

EMAIL:

WEBSITE:

122 088 073

+61 (0)2 9386 5249

admin@tullaresources.com

https://tullaresources.com

For personal use only

Tulla Resources also has interests in various Industrial Mineral rights in accordance with the FJVA and other minerals that form part of the Joint Venture at Norseman and the Company has undertaken an initial a review of the economic potential of the lithium, nickel and iron ore for shareholders of the Company.

This has culminated in the Company and its Joint Venture Partner entering into a signed Term Sheet with Mineral Resources Limited in respect to an unincorporated Lithium Joint Venture which gives Tulla Resources a free carry through to initial production. This is an exciting development for the Company and its shareholders.

At the conclusion of the formalities of this AGM Mark Maloney will be giving a more in-depth presentation to shareholders.

The Board is also monitoring for potential strategic investments through the directors' extensive international networks.

The year ahead is an exciting one for Tulla Resources and its shareholders as it progresses towards production at the flagship Norseman Gold Project. I thank you for attending today and for your support of Tulla Resources.

Released by authority of the Chairman 22 December 2021

Tulla Resources Plc

TELEPHONE:

ADDRESS:

POSTAL:

+61 (0)2 9095 4266

Suite 5, Level 2, 2 Grosvenor

PO Box 2499 Bondi Junction

Street, Bondi Junction NSW 2022

NSW 1355 Australia

ARBN:

FAX:

EMAIL:

WEBSITE:

122 088 073

+61 (0)2 9386 5249

admin@tullaresources.com

https://tullaresources.com

ersonal use only

Tulla Resources Plc

ASX:TUL

Annual General Meeting

North22 DECEMBERRoyal Pit 2021

Disclaimer

This Presentation

This presentation is provided by Tulla Resources Plc (ARBN 122 088 073) (Tulla Resources or the Company) at its Annual General Meeting on 22 December 2021. Statements in this presentation are made only as 17 December 2021 and the information in this presentation remains subject to change without notice. The information in this presentation is of a general nature and does not purport to be complete, is provided solely for information purposes of giving you summary information and background

about Tulla Resources and its related entities and their activities, and should not be relied upon by the recipient.

onlyNo liability / Disclaimer

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. This presentation does not purport to summarise all information that a recipient should consider when making an investment decision and should not form the basis of any decision by a recipient.

Recipients should carry out their own investigations and analysis of the Company and verify the accuracy, reliability and completeness of the information contained in this presentation.

Not an Offer

This presentation and its contents is not, and does not constitute, or form any part of, an offer to sell or issue, or the solicitation, invitation or recommendation to purchase any securities in the Company in any jurisdiction. This presentation is not a prospectus or any other offering document under either Australian law or the laws of England and Wales or any other law.

To the maximum extent permitted by law, Tulla Resources and the Company's respective affiliates or related bodies corporate or any of their respective officers, directors, employees, agents and advisers (Related Parties), nor any other persons, accepts any responsibility or liability for, and makes no recommendation, representation or warranty concerning, the content of this presentation. The Company and Related Parties shall not be liable whatsoever (including in respect to negligence) for any loss or

damage which may be suffered by any person as a consequence of any information in this presentation or any omission. The Company will not update or keep current any information in this presentation or correct any error, misstatement or omission which may become apparent. Any opinions expressed in this presentation are subject to change without notice.

useInt rnational Offer Restrictions

This presentation is not, and does not constitute, or form any part of, an offer to sell or the solicitation, invitation or recommendation to purchase any securities in the United States and neither this presentation nor anything contained herein shall form the basis of any contract or commitment. This presentation may not be distributed or released in the United States. Securities may not be offered or sold in the United States unless such securities are registered under the U.S. Securities Act of 1933, as

amended (U.S. Securities Act) or in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities laws. Any public offering of securities in the United States would be made by means of a prospectus that would be obtained from the issuer or selling security holder and that would contain detailed information regarding the company and management, as well as financial statements. Each institution or person that reviews this

presentation will be deemed to represent that each such institution or person is not in the United States.

The distribution of this presentation may be restricted by law. Persons who come into possession of this presentation should seek advice and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

Exploration Targets, Exploration Results

The information is extracted from the reports as referred to in this Presentation created on the dates stated herein and are available to view on the Company's website (www.tullaresources.com) and the ASX (www.asx.com.au). The Company confirms ersonal

that it is not aware of any new information or data that materially affects the information included in the original market announcement.

Mineral Resources or Ore Reserves

The information is extracted from the report entitled 'Annual Mineral Resource and Ore Reserve Statement' created on 27 September 2021 and is available to view on the Company's website (www.tullaresources.com) and the ASX (www.asx.com.au).

The Company confirms that it is not aware of any new information or data 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 modifed from the original market announcement.

N t financial product advice

Reliance should not be placed on the information or opinions contained in this presentation. This presentation is for information purposes only and is not a financial product or investment advice or recommendation to acquire Tulla Resources securities

( r any interest in Tulla Resources securities) and does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. You should make your own assessment of an investment in Tulla Resources and hould not rely on this presentation. In all cases, you should conduct your own research of the Company and analysis of the financial condition, assets and liabilities, financial position and performance, profits and losses, prospects and business affairs of Tulla Resources and its business, and the contents of this presentation. You should seek legal, financial, tax and other advice appropriate to your jurisdiction.

Pa t performance

Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as an indication of (and gives no guidance as to) future performance.

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Pantoro Ltd. published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2021 00:12:07 UTC.