Haranga Resources : Unmarketable Parcel Facility

For personal use only

ASX ANNOUNCEMENT

ABN 83 141 128 841

21 February 2022

LESS THAN MARKETABLE PARCEL SHARE SALE FACILITY

Haranga Resources Limited (ACN 141 128 841) (Company) is pleased to announce a share sale facility for holders of less than a marketable parcel (defined in the ASX Listing Rules as a parcel of securities with a market value of less than $500) (Less Than Marketable Parcel) of the Company's shares.

As at 5:00pm (Perth time) on 18 February 2022 (Record Date), a Less Than Marketable Parcel of shares is any shareholding of 2,173 ordinary shares or less, based on the closing price of $0.23 on the Record Date. This represents 241,484 ordinary shares, held by 695 shareholders (Minority Members).

The Company is offering this sale facility to assist holders of a Less Than Marketable Parcel to sell shares without having to use a broker or pay brokerage. The Company will pay for all the costs of the sale for shareholders who use this facility, excluding tax consequences from the sale which remains the shareholder's responsibility.

The Company values all of its shareholders, however, it incurs significant administrative costs maintaining a large number of Less Than Marketable Parcels. By facilitating this sale, the Company expects to reduce the administrative costs associated with maintaining a large number of very small holdings. Shareholders who own 2,173 shares or more will not be eligible to participate in the share sale facility.

If Minority Members wish to sell shares through this facility, they do not need to take any action. If Minority Members do notwish to sell shares through this facility, they mustcomplete and return the notice of retention form to the Company's share registry, Automic Registry Services, by 5:00pm (Perth time) on 7 April 2022. Alternatively, shareholders can make an election online through a registered portfolio at https://investor.automic.com.au/#/home.

A summary of the key dates in relation to the Facility is as follows:

For personal use only

ASX ANNOUNCEMENT

ABN 83 141 128 841

The Company may modify these dates or suspend or terminate the Facility in its absolute discretion, subject to the requirements of the ASX Listing Rules and the Company's Constitution. Any modification, suspension or termination will be notified to shareholders by way of a market announcement.

Upon the sale of the Less Than Marketable Parcel shares by the appointed broker, proceeds shall be forwarded to eligible shareholders as soon as practicable.

Attached is a copy of the letter and the notice of retention form that is currently being mailed to shareholders that hold a Less Than Marketable Parcel on the Record Date.

Yours sincerely

For and on behalf of Haranga Resources Limited

Peter R. Youd

Executive Chairman

This announcement has been authorised for release by the Board of Directors of Haranga Resources Limited.

About Haranga Resources Limited

Haranga Resources has mapped out a two-year exploration and development budget, with an objective to outline resources for its two premier projects - Issia Gold Project and Saraya Uranium Project.

The Company has assembled a leadership team with significant experience and the credentials to manage an emerging ASX-listed mining organisation in the most responsible and sustainable way we can.

For further details please visit https://haranga.com

Unit 1, 72 Kings Park Road, West Perth, WA 6005

For personal use only

ABN 83 141 128 841

23 February 2022

[name]

[company]

[address]

Dear Shareholder

IMPORTANT NOTICE - SALE OF YOUR LESS THAN MARKETABLE PARCEL OF HARANGA RESOURCES LIMITED SHARES

We are writing to advise you that Haranga Resources Limited (HAR or the Company) has established a share sale facility (Facility) for holders of parcels of HAR shares with a market value of less than A$500 as at close of trade on 18 February 2022 (Less Than Marketable Parcel). The Facility is being established in accordance with the ASX Listing Rules and the Company's Constitution.

The Company is offering the Facility to assist holders of Less Than Marketable Parcels to sell their shares. Holders of Less Than Marketable Parcels who take advantage of the Facility will have their shares sold without having to act through a broker or pay brokerage fees. The Company will also organise payment of the other costs associated with the sale and transfer (although any tax consequences from the sale of your shares will be your responsibility).

By facilitating the sale of Less Than Marketable Parcels, the Company expects to reduce the administrative costs associated with maintaining a large number of small shareholdings.

Our records show that you held a Less Than Marketable Parcel of 2,173 shares or less based on the HAR share price of A$0.23 as at close of trade on 18 February 2022 (Record Date). Unless you advise the Company that you do NOT wish to sell your shares through the Facility by 7 April 2022, HAR intends to sell your shares through the Facility. Payment will be sent to you following settlement of the sale or otherwise as soon as is practicable.

Please also note that the Company will not sell your shares in the event that a third party announces a takeover offer for the Company. Consistent with its continuous disclosure obligations, the Company may release to the ASX information that may be material to a shareholder's decision as to whether they wish to retain their shares. This information will, if released, be available on the ASX website www.asx.com.au(ASX code "HAR") and on the Company's website www.haranga.com.

Unit 1, 72 Kings Park Road, West Perth, WA 6005

For personal use only

ABN 83 141 128 841

What should you do?

If you do NOT wish to sell your shares through the Facility, you must complete and return the attached form to the address on the form so that it is received by 5:00pm (Perth time) on 7 April 2022. Please read the instructions on your personalised Share Retention Form carefully before completing it.

If you want to sell your shares through the Facility, you do not need to take any action. By refraining from taking any action, after the expiration of the time prescribed in the ASX Listing Rules, you will be deemed to have irrevocably appointed the Company as your agent:

1. to sell all of your shares at a price to be determined by when and how the shares are sold and without any cost being incurred by you; and
2. to deal with the proceeds of the sale as set out in the attached information sheet.

If you need help deciding what to do, or if you require information regarding the financial, legal or tax consequences of participating in the Facility you should consult your legal, financial or taxation adviser.

The attached information sheet sets out further details of the Facility, which you should read before making any decision.

If you have any queries about lodging your form or the practical operation of the Facility, please contact info@haranga.comor the Company's share registry, Automic Registry Services on 1300 288 664 (within Australia), +61 2 9698 5414 (outside Australia) between the hours of 8:30am and 5:00pm (AWST) Monday to Friday.

Yours sincerely

For and on behalf of Haranga Resources Limited

Peter R. Youd

Executive Chairman

Unit 1, 72 Kings Park Road, West Perth, WA 6005

For personal use only

ABN 83 141 128 841

1. What is a minimum holding of Shares?

A Less Than Marketable Parcel of shares is a holding of HAR shares valued at less than A$500 as at close of trade on the Record Date. Based on the price of HAR shares at the Record Date, this is a holding of 2,173 shares or less.

2. What price will I receive for shares sold through the Facility?

The price that you receive for your shares under the Facility will be determined by when and how the shares are sold. The Company may sell your shares on market or in any other way they consider fair and reasonable in the circumstances. If the shares are sold on market the price will depend on a number of factors, including market conditions at the time of sale. You will not have control over the time at which your shares are sold, the price you receive may be different from the price appearing in the newspaper or quoted by ASX on any day, may not be the best price on the day that your shares are sold and may be an average price per share based on the price obtained for all the shares sold under the Facility. If the Company sells your shares other than on market, the price will be the price that the Company has been able to negotiate with the acquirer or acquirers. In any event, the sale price will not be less than that price equal to the simple average of the last sale prices of the shares quoted on ASX for each of the ten trading days immediately preceding the date of any offer received by the Company.

3. What is the price of Haranga Resources Limited shares?

The last sale price of HAR shares on 18 February 2022 was A$0.23. The share price changes frequently and more recent prices are available from the ASX website (www.asx.com.au) under the ASX code "HAR".

4. When will the proceeds from the sale of shares be sent to me?

Payment will be sent to you following settlement of the sale or otherwise as soon as is practicable. Payment will be made in Australian dollars by cheque or by EFT if bank details have been provided. You will be notified by way of a transaction confirmation statement of the number of your shares sold, and the price and total sale proceeds. The cheque will be sent by post to your address as shown in the share register at the time the share sale payment is run.

5. If I buy more shares, will I retain my holding?

Yes, the Company will treat any purchase of additional shares that increases the value of a HAR shareholding to more than A$500 as an indication that you do not want your shares to be sold through the Facility. For a purchase to be an effective notification that you wish to retain your shares, any additional shares purchased must be registered by 5:00pm (Perth time) on 7 April 2022 under the same name and address and with the same holder number (SRN or HIN) as set out in this letter.

6. What if my shares are held in a CHESS holding?

If your Shares remain in a CHESS holding at 5:00pm (Perth time) on 7 April 2022, the Company may move those Shares to an issuer sponsored holding and the shares will be sold through the Facility.

Unit 1, 72 Kings Park Road, West Perth, WA 6005