Redomicile to the US and progress on Nasdaq listing

• Redomicile from Australia to the US through a Scheme Implementation Deed
• Nasdaq as primary listing, ASX as secondary
• Shareholders to receive one-for-one consideration with no dilution
• Subject to multiple approvals and conditions

Sunrise Energy Metals Limited has announced its intention to redomicile its parent company from Australia to the United States through a members' scheme of arrangement. Under the proposed transaction, Sunrise Energy Metals, Inc., a newly incorporated Delaware corporation, will acquire all ordinary shares in Sunrise, becoming the new parent company of the Sunrise Group. Holdco shares will be listed on Nasdaq, with Holdco CHESS Depositary Interests (CDIs) listed on the ASX. Shareholders will receive one Holdco CDI or Holdco share for each Sunrise share held, with no dilution. The implementation of the scheme is subject to various conditions, including shareholder approval, court approval, and regulatory approvals from the Federal Court of Australia, FIRB, SEC, Nasdaq, and ASX.