Announcement PDF ABN 39 151 155 207 12 January 2022 Nicola Mullen ASX Limited Level 40, 152 – 158 St Georges Terrace PERTH WA 6000 By email: ListingsCompliancePerth@asx.com.au Attention: Nicola Mullen, Adviser, Listings Compliance (Perth) Dear Nicola Mullen, Estrella Resources Limited (‘ESR’): Response to ASX Price and Volume Query We refer to your letter dated 12 January 2022 and as requested, we set out below the Company’s response to your queries (using the numbering and lettering in your letter) as follows: 1. No. 2. a) Not applicable. b) Not applicable. c) Not applicable. 3. No, but the Company notes the recent Chairman Open Letter and Update released to the market on 7 January 2022. 4. The Company confirms that it is complying with the Listing Rules and, in particular, Listing Rule 3.1. 5. The Company confirms that the responses have been approved by the Board of Directors of ESR. Yours faithfully Chris Daws Chief Executive Officer __________________________________________________________________________________ Office Address London House, Level 11, 216 St Georges Terrace, PERTH WA 6000 Postal Address GPO Box 2517, PERTH WA 6831 Phone +61 8 9481 0389 Fax +61 8 9463 6103 Email info@estrellaresources.com.au Page 1 of 1 12 January 2022 Reference: 45126 Mr Stephen Brockhurst Company Secretary Estrella Resources Limited By email steve@miningcorporate.com.au Dear Mr Brockhurst Estrella Resources Limited (‘ESR’): Price - Query ASX refers to the following: A. The change in the price of ESR’s securities from a low of $0.0235 to a high of $0.030 today, 12 January 2022. B. The significant increase in the volume of ESR’s securities traded today, 12 January 2022. Request for information In light of this, ASX asks ESR to respond separately to each of the following questions and requests for information: 1. Is ESR aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities? 2. If the answer to question 1 is “yes”. (a) Is ESR relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in ESR’s securities would suggest to ASX that such information may have ceased to be confidential and therefore ESR may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation. (b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below). (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made? 3. If the answer to question 1 is “no”, is there any other explanation that ESR may have for the recent trading in its securities? 4. Please confirm that ESR is complying with the Listing Rules and, in particular, Listing Rule 3.1. 5. Please confirm that ESR’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of ESR with delegated authority from the board to respond to ASX on disclosure matters. When and where to send your response This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 10.30 AM AWST Wednesday, 12 January 2022. You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it ASX Limited [[Listings]] ASX Customer Service Centre 131 279 | asx.com.au does not fall within the exceptions mentioned in Listing Rule 3.1A, ESR’s obligation is to disclose the information ‘immediately’. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require ESR to request a trading halt immediately. Your response should be sent to me by e-mail at ListingsCompliancePerth@asx.com.au. It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform. Trading halt If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in ESR’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:  the reasons for the trading halt;  how long you want the trading halt to last;  the event you expect to happen that will end the trading halt;  that you are not aware of any reason why the trading halt should not be granted; and  any other information necessary to inform the market about the trading halt, or that we ask for. We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions. Suspension If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in ESR’s securities under Listing Rule 17.3. Listing Rules 3.1 and 3.1A In responding to this letter, you should have regard to ESR’s obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B. It should be noted that ESR’s obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter. Release of correspondence between ASX and entity We reserve the right to release a copy of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A. Questions If you have any questions in relation to the above, please do not hesitate to contact me. Yours sincerely Nicola Mullen Adviser, Listings Compliance (Perth) 2/2 ASX Customer Service Centre 131 279 | asx.com.au