RLC's offer to eligible shareholders of RLC ordinary shares at 0.7 cents per share is now open (refer ASX announcement 26 July 2023 for details of the Offer).

The Offer Booklet and the personalised Acceptance Form ('offer documents') have been made available to eligible shareholders today at https://events.miraqle.com/rlc-offer. Eligible Shareholders have today been sent letters (by mail, or where permitted, by email) informing them of the Offer and how to access the Offer Booklet and Acceptance Forms. Reedy Lagoon is seeking to raise $1.32 million to fund exploration for gold at the Burracoppin Gold project in Western Australia, payment of annual filing fees in respect of Placer Claims & Lode Claims for the Clayton Valley and Alkali Lake North lithium projects in Nevada USA, and to provide working capital.

These activities are described in more detail on the following page. The managing director and his related parties intend taking up their full entitlements under the Offer (approximately 19 million shares). The board sees significant growth potential in the Company's lithium, iron and gold projects. Directors have demonstrated this by their recent subscriptions for 9.3m RLC shares at 1.19 cents ($110,583) in December 2022 and for 5,000,000 RLC shares at 4 cents ($200,000) in June 2022. Recent recoveries of anomalous gold at Burracoppin (refer ASX release 3/07/2023) and ongoing activities by third parties in the region of the Company's projects targeting both brine and sediment hosted lithium in Nevada (refer to June Quarter Activities report (ASX release 26/07/2023) are encouraging

Contact:

Tel: (03) 8420 6280

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