Traka Resources Limited (ASX: TKL) (Traka or the Company) advises that it has come to its attention that the Company's Notice of Annual General Meeting lodged with ASX on 22 October 2020 (Notice of Meeting) does not reflect the fact that the Company received a first strike against its Remuneration Report at its last annual general meeting held on 29 November 2019.

In light of this: (a) the Company will shortly issue an addendum to the Notice of Meeting (Addendum) setting out an additional resolution (Spill Resolution) to be put to Shareholders in the event a second strike is received on the Remuneration Report for FY2020 (that is, if at least 25% of votes validly cast are against Resolution 1 of the Notice of Meeting) and (b) the AGM will proceed on 26 November 2020 but the Chair intends to defer consideration of Resolution 1 (and the Spill Resolution if a second strike occurs) and, once the other business of the meeting has been completed, adjourn the AGM to a date at least 14 days later (such date to be announced when the Addendum is released to the ASX) at which time Resolution 1 (and the Spill Resolution if a second strike occurs) will be put to shareholders.

The Company will provide a new proxy form with the Addendum to allow Shareholders to change their vote on Resolution 1 if they so wish and to vote on the Spill Resolution (should a second strike be received). Proxies that have already been lodged with the Company will be treated as valid in respect of Resolution 1 unless a Shareholder lodges a new proxy form at least 48 hours before the start of the adjourned meeting.

Contact:

Tel: (08) 9322 1655

Email: traka@trakaresources.com.au

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