Bryah Resources Limited ('Bryah' or 'the Company') is pleased to announce that is has received firm commitments from sophisticated and professional investors to raise $0.407 million via a Placement at $0.006 per share ('Placement').

The issue of 67,833,333 shares at $0.006 per share ('Shares') is set to be completed on Tuesday, 2 July 2024. The Placement will include a free attaching one (1) for three (3) unlisted option, with an exercise price of $0.012, expiring three (3) years from issue date ('Option'). Refer Annexure A for terms and conditions of the Options. The Company will utilise its placement capacity under ASX Listing Rule 7.1 (24,472,608 Shares and 22,611,111 Options), and its capacity under ASX Listing Rule 7.1A (43,360,725 Shares) for the issue of the Shares and Options.

Funds raised are proposed to be applied towards: Mining Study Horseshoe South Manganese. Environmental and other regulatory permitting - ML at Brumby Creek and Black Hill. Bryah Basin Copper exploration moving loop EM surveys Gold Base metals Project. Project generation. General working Capital

There was no lead manager to the Placement. Fees of $7,740 will be paid in respect to funds introduced by holders of an AFSL. Commenting on the Company's successful capital raising, Chief Executive Officer, Ashley Jones said: 'Funds received by the company are to be used to complete a mining study on its manganese resources and complete follow up ground geophysics on the prospective Narracoota geology for VMS copper deposits within the Bryah Basin.'

R&D Incentive Payment

On 25 June 2024 the Company received a cash refund of $350,667 from its R&D tax incentive claim for the financial year ended 30 June 2022. The Australian Federal Government's R&D Tax Incentive Program provides a cash refund on eligible research and development activities performed by Australian companies and is a valuable program that supports Australian innovation.

Contact:

Ashley Jones

Tel: +61 8 9321 0001

ABOUT BRYAH RESOURCES

Bryah's assets are all located in Western Australia, a Tier One global mining and exploration jurisdiction. Strategically the Projects are energy metals focused, or able to exploit synergies of geological knowledge, locality and exploration. The Lake Johnston tenements are prospective for battery metals lithium and nickel. The corridor near Lake Johnston contains significant mines and discoveries of nickel and lithium, including the historical Maggie Hays/Emily Ann nickel deposits and the TG Metals Burmeister Project and Charger Metals' Medcalf Prospect. The prospective Bryah Basin licences cover 1,048km2 and have a potential new Volcanogenic Massive Sulphide (VMS) 'Horseshoe Lights type' mine analogue with multiple other untested targets. The area also contains extensive outcroppings of manganese, the subject of a substantial $7M joint venture with ASX listed OM Holdings Limited (ASX: OMH). OMH is a vertically integrated manganese producer and refiner with a market capitalisation of $300m. Bryah and OMH have an excellent working relationship, with OMH having already spent over $3.5 million to earn-in to the Manganese Rights of the Project. Gabanintha, near Meekatharra, has a JORC 2012 Mineral Resource for Cu, Ni, Co2 and additional structural gold potential. The copper nickel resource and identified gold mineralisation at Gabanintha will be the subject of further drill definition and a prefeasibility study to integrate the project with the Australian Vanadium Project (ASX: AVL). The resource has been defined by the drilling efforts of AVL in the development of its vanadium project and enabled Bryah to define a base metal resources inventory.

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