PATERSON RESOURCES LTD (PSL)

The suspension of trading in the securities of Paterson Resources Ltd will be lifted immediately following the release by PSL of an announcement regarding exploration results from the drilling program at the Grace Project.

A total of 15 reverse circulation drillholes for 3,809m completed at Paterson Resource's 100% owned Grace Gold-Copper Project. Assays returned for 11 RC holes. Thick high-grade gold mineralisation extended along strike from high-grade hits in PRC0024 and PRC0025 from 2022 drilling campaign. Repetition of flat-lying gold lodes intersected at depth at Bemm deposit. Remaining results are due within two weeks. The Grace Gold-Copper Project is located in Western Australia's highly prospective Paterson Province hosts the world-class 30+ million ounce Telfer gold deposit just 25km north and Greatland Gold's 5.5 million ounce Havieron Gold-Copper Project 40km northeast.

The company's AGM will be held at 10:30am (AWST) on 24 November 2023 at Suite 11, Level 2 23 Railway Road SUBIACO WA 6008.

The securities of Paterson Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PSL, pending the release of an announcement regarding exploration results from the drilling program at the Grace Project.

we understand that on or about this date the company consolidated its shares 1 for 15

The suspension of trading in the securities of Paterson Resources Ltd will be lifted immediately, following the release by PSL of an announcement regarding a capital raising.

The company releases a notice of Proposed issue of Securities - PSL.

The company has received firm commitments to raise approximately A$500,000, before expenses, by way of a placement of 142,857,143 shares to sophisticated and professional investors together with one (1) free attaching option for every one (1) Placement Share subscribed for.

The securities of Paterson Resources Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of PSL, pending the release of an announcement regarding a capital raising.

The suspension of trading in the securities of Paterson Resources Ltd be lifted from the commencement of trading on Tuesday, 21 July 2020, following the satisfaction by PSL of ASX's conditions for reinstatement.

The company releases an Appendix 2A.

The company releases an Appendix 2A.

Subscriptions received for Non-renounceable rights issue raising $1,597,205. Shortfall of $333,043 allocated by the Board. Significant support from shareholders in an extremely challenging market.

The closing date for the entitlement offer has been extended to 19 June 2020 to ensure that eligible shareholders have a reasonable opportunity to participate.

The company releases separate letters to its eligible and ineligible shareholders in relation to its entitlement offer.

The announcement lodged with ASX on 22 May 2020 titled "Entitlement Offer" contains a typographical error in relation to the number of options to be issued to its Lead Manager to the Entitlement Offer, Baker Young (subject to shareholder approval). The correct number of optionsis 20,000,000 as stated in Section 5.3 ofthe Prospectus dated 22 May 2020. The options will be exercisable at $0.003 each and expire three years following the date of issue.

Paterson Resources to raise up to $1.93 million (before costs) at an issue price of $0.001 per share by way of a non-renounceable pro rata offer to eligible shareholders on a 1-for-1 basis. Eligible shareholders have the ability to apply for additional shares in excess of their entitlement. Funds raised are to be primarily applied towards continuing exploration activities on its current projects, with a particular focus on the Grace Gold-Copper Project in the Paterson Range. Fundraising conducted under a 'full-form' prospectus with a view to satisfying ASX's conditions for reinstatement.

The company releases a notice of Proposed issue of Securities - PSL.

The company issues a prospectus for a non-renounceable pro rata offer to Eligible Shareholders of one new Share for every Share held on the Record Date, at an issue price of $0.001 each, to raise up to approximately $1.93 million.

The company releases a Company Presentation.

Grace Gold Project is located 25km to the southeast of Newcrest's world class Telfer Mine (32Moz gold 1mt copper). Large untested IP anomalies along the Grace-Bemms shear. Significant untested magnetic anomaly southeast of GraceBemms shear. Shallow Inferred Gold Resource previously defined over portion of known mineralised Grace-Bemms shear zone.

The company lodges its Quarterly Activities Report.

The company lodges its Quarterly Cashflow Report.

Hackney's Creek - Inferred Resource of 2,210,000 tonnes @ 1.4 g/t Au for 102,300 ozs. Lucky Draw - Inferred Resource of 470,000 tonnes @ 2.1 g/t Au for 31,700 ozs. Total Inferred Resource of 2,680,000 tonnes @ 1.6 g/t Au for 134,000 ozs.

The expiry date of the Options is 30 April 2020. There are 930,154,097 Options on issue. Each Option entitles the holder to apply for one fully paid ordinary share in the capital of the Company. The exercise price payable to exercise the Options by the Expiry Date is $0.02 per Option. The exercise price must be received by the Company in cleared funds by no later than 30 April 2020. If you fail to exercise your Options prior to the Expiry Date, those Options will lapse and you shall have no further right or entitlement to those Options. Quotation of the Options on the Australian Securities Exchange (ASX) will end at close of trading on 24 April 2020. The latest available market price of the Company's shares is $0.003. The Company's shares have been suspended since 10 September 2018. No underwriting agreement has been entered into by the Company with respect to the exercise of the Options. The Company lodged with ASX an application for a waiver of Listing Rule 6.23.3 to permit an extension to the expiry date of the Options, subject to shareholder approval. ASX has today confirmed to the Company that the waiver would not be granted.

The company lodges its Half Yearly Report and Accounts.

The company releases an Appendix 2A.

The company releases a notification of Proposed issue of Securities - PSL.

The company has received firm commitments to raise A$251,771, before expenses, by way of a placement of 251,771,564 shares to sophisticated and professional investors. Issue of the shares will be made under the company's available placement capacity under Listing Rule 7.1. The placement shares will be issued at A$0.001 per Share, representing a 66.6% discount to the last traded share price of $0.003 on 6 September 2018, being the last trading day prior to the company's suspension from official quotation.

The company has received confirmation from ASX that, on the basis of the capital raising initiatives proposed by the Company to ASX on 16 December 2019, ASX can see no reason why the securities of PSL will not be reinstated to quotation. ASX has advised that PSL will be required to complete the capital raising initiative as well as issue a full-form prospectus prepared in accordance with section 710 of the Corporations Act, as conditions precedent to reinstatement. Binding agreements have yet to be entered into with respect to the placement and underwritten rights issue as a result of the ongoing uncertainty as to the conditions to reinstatement. PSL looks forward to finalising and executing these agreements as soon as possible, but cautions that there can be no certainty as to the execution of such agreements at this time.

The company lodges its Quarterly Activities Report and Appendix 5B.

The company releases its Constitution.

name changed from Hardey Resources Limited