Impact Minerals Limited – Clarification Announcement

The Board of Impact Minerals Limited (ACN 119 062 261) (ASX: IPT) (IPT) wishes to clarify the following ASX releases, which contained an administrative oversight:

• an announcement dated 1 May 2023 entitled “Placement to Raise $4 Million and Exercise of the Lake Hope Option” (Announcement);
  
• an Appendix 3B – Proposed Issue of Securities dated 1 May 2023 released at 10:51 am AEST (Appendix 3B for Consideration); and
• an Appendix 3B – Proposed Issue of Securities dated 1 May 2023 released at 11:16 am AEST (Appendix 3B for Deferred Consideration).

IPT provides the following additional information in respect of the Announcement, which uses the defined terms contained in the Announcement unless otherwise provided in this clarification announcement:

(a)The Announcement stated the following in respect to the Placement:
The Placement Shares are to be issued under the Company's available placement capacity as follows:

• 68,529,611 Shares pursuant to Listing Rule 7.1; and
• 264,803,722 Shares pursuant to Listing Rule 7.1A.

Impact confirms the above paragraph is deleted and replaced with:

The Placement Shares are to be issued under the Company's available placement capacity pursuant to Listing Rule 7.1.

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