Aruma Resources Limited (ASX: AAJ) (Aruma or the Company) is pleased to announce the completion of its second phase of drilling at the Mt Deans Lithium-Rubidium Project near Norseman, in the lithium corridor of south-eastern Western Australia.

The program comprised 15 holes for 1,560m of reverse circulation (RC) drilling (Table 1), to depths of 80m-120m (Figure 1). Drilling infilled and extended the lithium and high-grade rubidium mineralisation defined in Aruma's first phase of drilling, and in a subsequent rock chip sampling program (ASX Announcements 8 February, 21 April and 30 May 2022) Drilling intersected several pegmatites over the entire strike length tested, with visual lithium mineralisation identified as the mineral lepidolite. It is expected further drilling may be warranted to define the extent of this lithium mineralisation. Pegmatitic material (including lepidolite) has also been identified in historical drilling spoils preserved in the area. This previous drilling has been mapped and re-sampled for lithium analysis. Assay results from drilling and the re-sampling of previous drilling will be released when available

About the Mt Deans Lithium-Rubidium Project

The 100%-owned Mt Deans Project (P63/2063) is located in the Mt Deans pegmatite field, within the Eastern Goldfields Terrane of the Yilgarn Craton, approximately 170 kilometres south of the major regional centre of Kalgoorlie and approximately 10 kilometres south of the mining town of Norseman (Figure 2). The Project sits within the lithium corridor in south-east WA, which hosts multiple significant hard-rock lithium projects. It is interpreted to sit within the same host rocks and structures as the significant nearby Mt Marion, Bald Hill and Buldania Lithium Projects. Aruma completed a first phase of drilling at Mt Deans in April (ASX announcement 21 April 2022). This drilling comprised 1,156m of RC drilling in eight holes and targeted the priority Mt Deans 'main section'. The program delivered encouraging results including high-grade rubidium, and lithium grades of up to 1.14% Li2O (lithium oxide). The lithium-rubidium mineralisation is within thick sheeted pegmatite veins - all within a near-surface 25m thick, vertical body. Drilling defined an interpreted strike length of at least 1,500m, which remains open at both ends

The Company followed up this drilling with a rock chip sampling program to test for strike extensions to the interpreted pegmatite zone and to help refine targets for the phase two drilling. A total of 11 rock chip samples were collected along a 500m strike (ASX announcement, 30 May 2022). This returned lithium of up to 1.96% Li2O and very high-grade rubidium of up to 1.42% Rb2O (rubidium oxide), plus caesium values up to 1,550ppm. Phase two drilling has targeted the pegmatite bodies across the 1500m strike length of the pegmatite swarm (Figure 1)

Contact:

Peter Schwann

Managing Director

Aruma Resources Limited

Telephone: +61 8 9321 0177

Mobile: +61 417 946 370

E: info@arumaresources.com

Media and Investor

James Moses

Mandate Corporate

Mobile: +61 420 991 574

E: james@mandatecorporate.com.au

COMPETENT PERSON'S STATEMENT

The information in this release that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Peter Schwann who is a Fellow of the AIG. Mr Schwann is Managing Director and a full time employee of the Company. Mr Schwann has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserve'. Mr Schwann consents to the inclusion in the release of the matters based on his information in the form and context in which it appears. All exploration results reported have previously been released to ASX and are available to be viewed on the Company website www.arumaresurces.com.au . The Company confirms it is not aware of any new information that materially affects the information included in the original announcement. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original announcements

FORWARD LOOKING STATEMENT

Certain statements contained in this document constitute forward looking statements. Such forward-looking statements are based on a number of estimates and assumptions made by the Company and its consultants in light of experience, current conditions and expectations of future developments which the Company believes are appropriate in the current circumstances. These estimates and assumptions while considered reasonable by the Company are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, achievements and performance of the Company to be materially different from the future results and achievements expressed or implied by such forward-looking statements. Forward looking statements include, but are not limited to, statements preceded by words such as 'planned', 'expected', 'projected', 'estimated', 'may', 'scheduled', 'intends', 'anticipates', 'believes', 'potential', 'could', 'nominal', 'conceptual' and similar expressions. There can be no assurance that Aruma plans to develop exploration projects that will proceed with the current expectations. There can be no assurance that Aruma will be able to conform the presence of Mineral Resources or Ore Reserves, that any mineralisation will prove to be economic and will be successfully developed on any of Aruma's mineral properties. Investors are cautioned that forward looking information is no guarantee of future performance and accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.

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