Market Announcement

31 March 2021

Xstate Resources Limited (ASX: XST) - Trading Halt

Description

The securities of Xstate Resources Limited ('XST') will be placed in trading halt at the request of XST, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 6 April 2021 or when the announcement is released to the market.

Issued by

Madeleine Green

Senior Adviser, Listings Compliance (Perth)

31 March 2021

Market Announcement 1/1

ASX Limited

ASX Customer Service Centre 131 279 | asx.com.au

31 March 2021

James Rowe

Adviser, Listings Compliance (Perth)

ASX Limited

Level 40, Central Park

152-158 St George's Terrace Perth WA 6000

Dear James,

TRADING HALT REQUEST

Xstate Resources Limited ("Xstate" or "the Company") requests a halt in trading in its securities from the commencement of trading today, 31 March 2021.

The trading halt is requested pending an announcement to the market regarding an update on the drilling of the Borba 1-7 well by the Company.

For the purposes of Listing Rule 17.1, the Company provides the following information:

  1. The Company requests the trading halt from 31 March 2021 to the commencement of trading on 6 April 2021.
  2. The trading halt is expected to end with the announcement made by the Company.
  3. The Company is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market.

Yours sincerely,

Jordan McArthur

Company Secretary

Level 1, 31 Cliff Street, Fremantle WA 6959 | Tel + 61 8 9435 3200 | www.xstateresources.com.au

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Disclaimer

Xstate Resources Limited published this content on 30 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2021 22:45:03 UTC.