Enterprise Metals Limited (ASX:ENT) (the Company or Enterprise) wishes to advise that it has resolved to extend the closing date of its ongoing non-renounceable entitlement offer announced on 5 June 2024.

As announced to the market on 5 June 2024, Enterprise is undertaking a non-renounceable pro-rata entitlement offer to eligible shareholders of ordinary fully paid shares in the capital of the Company (Shares) at an issue price of $0.004 per share (New Share), on the basis of a 1 New Share for every 2.5 Shares held at 5:00pm (AWST) on Tuesday, 11 June 2024 (Record Date), to raise up to approximately $1.42m (before costs) (Entitlement Offer).

Participants under the Entitlement Offer will also receive 1 free attaching unlisted option for every 1 New Share subscribed for and issued (New Options). These New Options will be exercisable at $0.006 and expire on the date that is two years after their issue date. The Company advises that the closing date of the Entitlement Offer to eligible shareholders has been extended from 5:00pm (AWST) Friday, 28 June 2024 until 5:00pm (AWST) Friday, 12 July 2024 (Closing Date). The Closing Date has been extended to allow eligible shareholders more time to participate in the Entitlement Offer. The revised timetable for the Entitlement Offer is shown below. These events and dates are indicative only and subject to change.

Subject to the ASX Listing Rules, the Corporations Act 2001 (Cth) and other applicable laws, the Company's Board reserves the right to modify all dates, including the Closing Date. Capitalised terms used, but not defined in this announcement have the meaning given to them in the Prospectus released to ASX on 5 June 2024.

Contact:

Tel: 08 6381 0392

Email: admin@enterprisemetals.com.au

Web: www.enterprisemetals.com.au

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