Emerald Resources NL (ASX: EMR) ('Emerald' or 'Company') refers to its previous announcements in relation to the recommended and unconditional takeover bid for all of the issued shares of Bullseye Mining Limited (Bullseye) that it does not already own (Offer).

Emerald can confirm as at the date of this announcement it has a direct equity ownership in Bullseye of 76.50%. The Offer is unconditional and remains open for acceptance, as such Emerald encourages all Bullseye shareholders who are yet to accept the Offer made to them to do so and reminds them they will be issued with their Emerald shares within 10 business days of their acceptance being processed in accordance with the terms of the Offer. Emerald notes that any Bullseye shareholder who accepts the Offer and disposes of any of the Emerald shares issued to them as consideration, is deemed to have forfeited their withdrawal rights.

Emerald has today resolved to extend the closing date of the Offer to 5.00pm (AWST) on Friday 24 November 2023 (subject to further extensions to be made by Emerald to ensure the Offer remains open until 5:00pm (AWST) on the date that is 10 business days after the date of Bullseye's Supplementary Target's Statement). The Company will update the market regarding further extensions to the closing date of the Offer and exercise of withdrawal rights as soon as the timing for lodgement of the Supplementary Target's Statement (which includes the independent expert's report) is known. Further details regarding the effect of the Takeovers Panel Orders are set out in the Company's announcement dated 9 October 2023. Attached to this announcement is a formal notice under section 650D of the Corporations Act 2001 (Cth) (Corporations Act) in relation to extension of the closing date.

Contact:

Tel: +61 8 9286 6300

Fax: +61 8 6243 0032

Web: www.emeraldresources.com.au

(C) 2023 Electronic News Publishing, source ENP Newswire