Sarama Completes Second and Final Tranche of Placement - Seite 2

The common shares issued under the Placement are all subject to a four-month hold period from the date of issue in accordance with applicable securities laws.

Funds raised from the Placement will be used to sustain Sarama while it focuses on maximising value from its existing asset base in Burkina Faso, advancing potential opportunities outside Burkina Faso and to fund administration and general working capital costs. None of the proceeds from the Placement will be used for payments to non-arm's length parties or persons conducting investor relations activities.

The Placement Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.

Cleansing Notice under section 708A(5)(e) of the Australian Corporations Act 2001 (Cth)

The Australian Corporations Act 2001 (Cth) ("Corporations Act") restricts the offer for sale of securities without a disclosure document unless the relevant sale satisfies an exemption set out in section 708 or section 708A of the Corporations Act. The Australian and Securities Investments Commission Class Order [CO 14/827] ("Class Order") provides relief so that an offer of CDIs over underlying foreign securities is regulated as an offer of securities under the Corporations Act. The Company seeks to rely on an exemption in section 708A of the Corporations Act (as modified by the Class Order) with respect to any sale of the CDIs.

As required by section 708A(5)(e) of the Corporations Act as modified by the Class Order, the Company gives notice that:

1. The CDIs were issued without disclosure to investors under Part 6D.2 of the Corporations Act.
2. The Company, as at the date of this notice, has complied with:
   1. the provisions of section 601CK of the Corporations Act as they apply to the Company; and
   2. sections 674 and 674A of the Corporations Act.
3. As at the date of this notice, there is no information, for the purposes of section 708A(7) and 708A(8):
   1. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
   2. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
      1. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
      2. the rights and liabilities attaching to the CDIs.

Where applicable, references in this notice to sections of the Corporations Act are to those sections as modified by the Class Order.