PARABELLUM RESOURCES LIMITED (PBL)

The suspension of trading in the securities of Parabellum Resources Limited will be lifted immediately following the release by PBL of an announcement regarding a company and projects update.

In relation to the Khotgor Rare Earths Project "“ Mongolia, Temarise has informed the Company that, due to the current challenging capital market conditions, it was unable to raise the requisite funds or obtain financing to fund the payment of the Exercise Price. And accordingly, the option to acquire the Khotgor Project has lapsed. As a result of the lapsing of the option, Temarise, and by extension the Company, will no longer have an interest in the Khotgor Project, therefore will be ceasing all activities in respect to the Khotgor Project and the Company will write-off the carrying value of its investment in Temarise (being A$3.9 million). As for the Redlands Project and other associated projects "“ New South Wales, Australia, having regard to the Phase 1 drilling results, the Company intends to continue exploration and development of its Miandetta-Redlands prospect along with its other New South Wales-based assets, the Recovery and Lunns Dam Project. The Company intends to progress Phase 2 drilling activities in Quarter 1 2024 pursuant to a detailed twelve-month work program and budget of approximately $635,000 for the Miandetta-Redlands prospect. Parabellum will prioritise exploration opportunities at its NSW Projects, and after concluding its indirect interest in the Khotgor Project, the Company aims to evaluate new corporate and asset acquisition opportunities in the resource sector that align with its current mineral exploration projects.

The company releases a notice of application for quotation of securities.

The company releases a notification of cessation of securities.

The company releases the results of its meeting.

The following securities will be released from escrow on 23 November 2023: Ordinary Fully Paid Restricted: 7,577,500.

Phase 1 Air core drill testing of Miandetta-Redlands Ni-Co prospect delivers highly encouraging results. Results indicate continuity of very shallow high-grade Ni-Co mineralisation in the Eastern part of the Redlands prospect with mineralisation open to the East. Results received for most drillholes at Redlands prospect and results are pending for 24 completed drill holes. Phase 2 drill planning in progress aiming for a Q1, 2024 commencement.

The Company requests a voluntary suspension extension, pending an announcement regarding Temarise's funding of the exercise price of the Option. The voluntary suspension to remain until the earlier of the Company releasing the Announcement or the commencement of trading on Monday, 11 December 2023.

Redlands Project Aircore drilling program completed. Ni-Cu-Co target drill tested on Redlands Project. Historic exploration indicates potential for significant oxide hosted Ni-Cu-Co mineralisation. Phase 1 drilling project completed safely and efficiently. Encouraging thick oxide profile intersected in a number of drill holes. Results expected late Quarter 4 2023.

The company lodges its Appendix 5B - Quarterly Cash Flow Report.

The company lodges its Quarterly Activities Report.

The Annual General Meeting of the Company will be held at 2:00pm (AWST) on Tuesday, 28 November 2023 at 52 Ord Street, West Perth, WA 6005.

The company releases a letter to its shareholders regarding its upcoming AGM.

Aircore drilling program in progress on Redlands Project: Ni-Cu-Co target defined on Redlands Project; Historic exploration indicates potential for significant oxide hosted Ni-Cu-Co mineralisation; Phase 1 drilling in progress; Results expected late Quarter 4 2023.

The company releases an Appendix 4G - Corporate Governance Principles.

The company releases a Corporate Governance Statement.

The company lodges its Annual Report 30 June 2023.

The Company requests a voluntary suspension extension, pending an announcement regarding Temarise's funding of the exercise price of the Option. The voluntary suspension will remain until the earlier of the Company releasing the Announcement or the commencement of trading on Wednesday, 1 November 2023.

The Company requests a voluntary suspension extension, pending an announcement regarding Temarise's funding of the exercise price of the Option. The voluntary suspension to remain until the earlier of the Company releasing the Announcement or the commencement of trading on Friday, 1 September 2023.

Temarise has recently informed the Company that it has been progressing its financing initiatives in respect to the Exercise Price and, in order to continue to facilitate financing discussions, MBSEA and Temarise have agreed to further extend the Option payment date. Shareholders are advised that the Company intends to seek to maintain its 30% pro-rata interest in Temarise via a further capital injection and contribution to Temarise. Further details in respect to the Company's capital raising initiative to fund a further capital contribution to Temarise will be provided by way of further ASX announcements.

The company lodges its Quarterly Cash Flow Report.

The company lodges its Quarterly Activities Report.

The Company requests a voluntary suspension extension, pending an announcement regarding Temarise's funding of the exercise price of the Option. The voluntary suspension to remain until the earlier of the Company releasing the Announcement or the commencement of trading on Tuesday, 1 August 2023.

Drill testing of Lunns Dam L1 EM target and Recovery auger soil / lag target intersects anomalous gold mineralisation. Drill testing of Lunns Auger soil copper/gold target intersects minor anomalous gold mineralisation.

Shareholders are advised that MBSEA and Temarise have agreed to extend the Option payment date to 31 July 2023 to allow discussions between MBSEA and other stakeholders in the Project to be concluded and enable Temarise to continue financing discussions with third parties in respect to the Exercise Price. Any involvement by the Company in such funding or any change to the Company's interest in Termarise or the Project will be subject to the Company obtaining all requisite regulatory (including ASX) and shareholder approvals.

The Company requests a voluntary suspension extension, pending an announcement regarding Temarise's funding of the exercise price of the Option. The voluntary suspension to remain until the earlier of the Company releasing the Announcement or the commencement of trading on Monday, 19 June 2023.

The company lodges its Appendix 5B - Quarterly Cash Flow Report.

The company lodges its Quarterly Activities Report.

The voluntary suspension to remain until the earlier of the Company releasing the announcement regarding Temarise's funding of the exercise price of the option or the commencement of trading on Wednesday, 17 May 2023.

The voluntary suspension to remain until the earlier of the Company releasing the announcement regarding Temarise's decision to exercise the option to acquire 80% of the Khotgor Rare Earths project in Mongolia or the commencement of trading on Monday, 17 April 2023.

The securities of Parabellum Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PBL, pending the release of an announcement regarding PBL's decision to exercise the option to acquire 80% of the Khotgor Rare Earths project in Mongolia.

listed entity carried for record purposes only