$2m of ESR Listed Options underwritten

Estrella Resources Limited (ASX: ESR) has recently executed a $2M Listed Options Underwriting Agreement with Lightview Asset Pty Ltd to underwrite the exercise of existing quoted options issued by the Company. The agreement involves underwriting 111,111,111 Options with an underwritten amount of $2,000,000 before costs. The Underwriters will receive a fee of 6% of the final underwritten amount. The agreement includes standard commercial terms and termination events. The Shortfall Shares under the agreement are expected to be issued in accordance with ASX Listing Rule 7.2, and will not require shareholder approval nor count toward the Company’s placement capacity under ASX Listing Rule 7.1.

As this announcement highlights an important financial development for Estrella Resources, we encourage investors to review the key binding terms outlined in the agreement for a better understanding of the implications. Shareholders or prospective investors with questions or seeking further information are welcome to contact our Managing Director, Christopher J. Daws, at +61 8 9481 0389 or via email at info@estrellaresources.com.au. Media inquiries can be directed to David Tasker, Managing Director at Chapter One Advisors, at E: dtasker@chapteroneadvisors.com.au or T: +61 433 112 936. We look forward to engaging with our stakeholders on this latest development. Thank you for your continued support.