BERKELEY ENERGIA LIMITED

NEWS RELEASE | 20 October 2022

Publication of Prospectus - admission of Shares to trading on the Main Market of the LSE and on the Spanish Stock Exchanges

Berkeley Energia Limited (Berkeley or Company) advises that, following the issue of 186,814,815 fully paid ordinary shares (Shares) in November 2021 (refer to announcement dated 30 November 2021), the UK and Spanish listing authorities have approved the publication of a prospectus (Prospectus) to admit these Shares to the standard listing segment of the Official List of the Financial Conduct Authority of the UK (FCA) and to trading on the Main Market for listed securities of the London Stock Exchange Plc (LSE) and the Madrid, Bilbao, Valencia and Barcelona Stock Exchanges (Spanish Stock Exchanges) through the Automated Quotation System (Sistema de Interconexión Bursátil or Mercado Continuo). Copies of the Prospectus (together with a version that includes a Spanish translation of the summary section of the Prospectus) are now available on the Company's website at https://www.berkeleyenergia.com/investors/company-reports/ and on the National Securities Market Commission's (CNMV) website at https://www.cnmv.es/portal/home.aspx, and will also be submitted to the National Storage Mechanism, where they will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Application will be made to the LSE and the Spanish Stock Exchanges for the Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on the LSE (as depository interests) and to the Spanish Stock Exchanges. Dealings are expected to commence on 26 October 2022 (Admission).

The Company's issued ordinary share capital following Admission will be 445,796,715 ordinary shares.

The above figure of 445,796,715 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company, under the FCA's Disclosure Guidance and Transparency Rules, and the Spanish Royal Decree 1362/2007, of 19 October, on transparency rules relating to issuers with listed securities.

For further information please contact:

Robert Behets                          Franciso Bellón                       

Acting Managing Director          Executive Director         

+61 8 9322 6322                        +34 923 193 903                                               

[email protected]

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

This announcement is for information purposes only (an advertisement) and is not a prospectus. Investors should not subscribe for or purchase any transferable securities referred to in this announcement except on the basis of information in the Prospectus dated 20 October 2022 published by Berkeley in connection with the proposed admission of 186,814,815 fully paid ordinary shares to the standard listing segment of the Official List of the UK Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange Plc and the Spanish Stock Exchanges through the Automated Quotation System (Sistema de Interconexión Bursátil or Mercado Continuo). Copies of the Prospectus (together with Spanish translation of the summary section of the Prospectus) are available for inspection on the Company's website www.berkeleyenergia.com.

Forward Looking Statements

Statements regarding plans with respect to Berkeley's mineral properties are forward-looking statements. There can be no assurance that Berkeley's plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that Berkeley will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Berkeley mineral properties. These forward-looking statements are based on Berkeley's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Berkeley, which could cause actual results to differ materially from such statements. Berkeley makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.