Supplementary Scheme Booklet Registered by ASIC

• Capricorn Metals Ltd increases consideration for Warriedar shares and options
• Independent Expert concludes revised schemes are fair and reasonable
• Warriedar Board unanimously recommends shareholders vote in favor of the schemes

Warriedar Resources Limited (ASX: WA8) advises that the Supreme Court of Western Australia has made orders approving the dispatch of a supplementary scheme booklet in relation to the proposed acquisition of Warriedar by Capricorn Metals Ltd (ASX: CMM) by way of a court-approved share scheme of arrangement and option scheme of arrangement. The supplementary booklet contains information regarding an increased consideration offered under the schemes. Specifically, the share scheme consideration has been revised from 1 Capricorn Share for every 62 Warriedar Shares held to 1 Capricorn Share for every 52.75 Warriedar Shares held. The option scheme consideration has also been revised from 1 New Capricorn Option for every 62 Warriedar Listed Options to 1 New Capricorn Option for every 52.75 Warriedar Listed Options held, with the exercise price of the New Capricorn Options amended to $5.275 per option. The Independent Expert has concluded that the revised schemes are fair and reasonable and in the best interests of Warriedar Securityholders in the absence of a Superior Proposal. The Warriedar Board unanimously recommends that Warriedar Securityholders vote in favor of the relevant scheme, subject to the same qualifications.