Ardiden Limited (ASX: ADV the 'Company' or 'Ardiden') hasissued and allotted 10,000,000 ordinary shares under Listing Rule 7.1 to the vendor of the New Patricia Gold Prospect, Exiro Minerals Corp.

This allotment is part of the consideration for the New Patricia Gold Prospect, under the terms of the agreement announced by the Company on 6 January 2020, to acquire 100% of the New Patricia Gold Prospect. Below is the applicable Cleansing Notice.

Secondary Trading Exemption

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under Section 708 or 708A. By the Company giving this notice, a sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies the ASX under paragraph 708(A)(5)(e) of the Act that: a) The Company issued the Securities without disclosure to investors under Part 6D.2 of the Act; b) As at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act and c) As at the date of this notice there is no information: i) that has been excluded from a continuous disclosure notice in accordance with the Listing Rules and ii) that investors and their professional advisors 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 Securities.

Contact:

Tel: +61 8 9322 7600

Email: info@ardiden.com.au

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