21 February 2022

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ASX Market Announcements

Level 40, Central Park

152-158 St Georges Terrace

Perth WA 6000

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Dear Sir

Retraction of Annual General Meeting 2021 Presentation

Walkabout Resources Ltd (ASX: WKT, "Walkabout" or "the Company") refers to the Annual General Meeting

Presentation released to the market on 30 November 2021 titled "Charging Towards Production - A Front

Runner for Large Flake Graphite Supply Globally".

personal

Following consultation with the ASX, the Company has retracted the Company Presentation and will re-

release to exclude the Peer Comparison information on slides 20 and 21 with reference to the ASX

Compliance Update 19 September 2018 (Update no. 08/18). These slides did not comply with the ASX

guidance on disclosing peer comparisons. Investors should not rely upon the retracted information for any

investment decision regarding the Company. An updated version of the Company Presentation is attached.

In addition, information on exploration targets presented in slide 18 have been updated to address the

requirements of clause 17 of the JORC Code.

Any material updates relating to the Company's activities subsequent to the original release of this

presentation on 30 November 2021, have been announced to the ASX as required under the continuous

disclosure regime.

This announcement has been authorised for release by the Board.

For and on behalf of the Board of Walkabout Resources Ltd.

ForShaun Menezes

Company Secretary

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CHARGING TOWARDS PRODUCTION

A FRONT RUNNER FOR LARGE FLAKE GRAPHITE SUPPLY GLOBALLY

ANNUAL GENERAL MEETING - 30 NOVEMBER 2021

DISCLAIMER

Securities Disclaimer

This presentation is for informational purposes only and does not constitute an offer to sell, or solicit to purchase, any securities. Such offer can be made only through proper subscription documentation and only to investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a

onlyviolation of applicable securities laws.

Forward looking Statements

Various statements in this presentation constitute statements relating to intentions, future acts and events. Such statements are generally classified as "forward looking statements" and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward-looking statements will be achieved.

Competent Persons

useThe information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Cunningham, who is a Member of The AIG included in a list promulgated by the ASX from time to time. Andrew Cunningham is a director of Walkabout Resources Limited and has ufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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 Reserves". Andrew Cunningham consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

ersonalThe information in this report that relates to Exploration Results and Exploration Targets is based on and fairly represents information and supporting documentation prepared by Mr Andrew Cunningham (Director of Walkabout Resources Limited). Mr Cunningham is a member of the Australian Institute of Geoscientists and has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Cunningham consents to the inclusion in this report of the matters based on his information in the form and context in which they appear.

The information in this report relates to the Metallurgical test work and results are based on information compiled by Dr Evan Kirby, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy. Dr Kirby is a full-time employee of Metallurgical Management Services, a specialist metallurgical consultancy and an independent consultant to Walkabout Resources Ltd. Dr Kirby has sufficient experience that is relevant to the style of mineralogy and type of deposit under consideration and the typical beneficiation thereof. Dr Kirby consents to the inclusion in the report of matters based on his information in the form and context in which it appears.

LINDI JUMBO VALUE PROPOSITION

AN OUTSTANDING INVESTMENT OPPORTUNITY WITH ATTRACTIVE SHORT-TERM RETURNS AND EXCITING GROWTH POTENTIAL.

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SECOND-HIGHEST

AFTER TAX IRR OF

ONLY LISTED DEBT

DERISKED WITH

IN CONSTRUCTION,

OUTSTANDING

FORECAST MARGIN

119% AND A

FUNDED GRAPHITE

ALL APPROVALS,

ON SCHEDULE AND

LOW CAPEX

GRAPHITE PROJECT

PAYBACK OF

PROJECT GLOBALLY

MAJOR

PROGRESSING

GROWTH

IN THE WORLD

APPROXIMATELY 2

- 62.5% GEARED

CONTRACTS,

TOWARDS

POTENTIAL VIA

YEARS

OFFTAKES &

COMMISSIONING IN

SCALABLE

(Benchmark

FUNDING IN PLACE

Q3 2022.

PRODUCTION &

Minerals 2019)

DOWNSTREAM

EXPANSION

INVESTMENT DRIVERS

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Walkabout Resources Ltd. published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 09:10:05 UTC.