ASX ANNOUNCEMENT 11 November 2021

Mr Todd Todd Lewis ASX, Listing Compliance (Melbourne)

Dear Todd

Response to ASX Price Query – Kairos Minerals Limited

Further to your correspondence dated today 11 November 2021 regarding the change in the price of the securities of Kairos Minerals Limtied ("KAI" and "the Company") from a low closing price of $0.03 to a high of $0.037 as of today 11 November 2021, and reference to the volume of shares traded, I wish to respond as follows:

• 1. No.
• 1. Not applicable.
• 1. No. However, with reference to the Company's ASX Announcement on 4 November 2021, please note that the Company has an extensive Gold and Lithium exploration program underway in the Pilbara of Western Australia and note also the recent press releases regarding the restart of the Wodgina Lithium Mine which is in close proximity to the Company's exploration leases.
• 1. The Company confirms that it is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
• 1. The Company's responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by its board or an officer of KAI with delegated authority from the board to respond to ASX on disclosure matters.

Please do not hesitate to contact the writer with any queries relating to this matter during office hours on 03 9614 0600.

Yours sincerely

Adrien Wing Company Secretary

11 November 2021

Reference: ODIN42507

Mr Adrien Wing Company Secretary Kairos Minerals Limited Level 1, 43 Ventnor Avenue WEST PERTH, WA, AUSTRALIA, 6005

By email:

Dear Mr Wing

Kairos Minerals Limited ('KAI'): Price - Query

ASX refers to the following:

• A. The change in the price of KAI's securities from a low of $0.03 to a high of $0.037 today.
• B. The significant increase in the volume of KAI's securities traded from 10 November 2021 to 11 November 2021.

Request for information

In light of this, ASX asks KAI to respond separately to each of the following questions and requests for information:

• 1. Is KAI aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
• 1. If the answer to question 1 is "yes".
  • (a) Is KAI relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in KAI's securities would suggest to ASX that such information may have ceased to be confidential and therefore KAI may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is "yes", you need to contact us immediately to discuss the situation.
  • (b) Can an announcement be made immediately? Please note, if the answer to this question is "no", you need to contact us immediately to discuss requesting a trading halt (see below).
  • (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?
• 1. If the answer to question 1 is "no", is there any other explanation that KAI may have for the recent trading in its securities?
• 1. Please confirm that KAI is complying with the Listing Rules and, in particular, Listing Rule 3.1.
• 1. Please confirm that KAI's responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of KAI with delegated authority from the board to respond to ASX on disclosure matters.

When and where to send your response

This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 9.30 AMAEDT Friday, 12 November 2021. You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, KAI's obligation is to disclose the information 'immediately'. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require KAI to request a trading halt immediately.

Your response should be sent to me by e-mail at [email protected]. It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.

Trading halt

If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is "yes" and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in KAI's securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:

• the reasons for the trading halt;
• how long you want the trading halt to last;
• the event you expect to happen that will end the trading halt;
• that you are not aware of any reason why the trading halt should not be granted; and
• any other information necessary to inform the market about the trading halt, or that we ask for.

We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.

Suspension

If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in KAI's securities under Listing Rule 17.3.

Listing Rules 3.1 and 3.1A

In responding to this letter, you should have regard to KAI's obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B. It should be noted that KAI's obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.

Release of correspondence between ASX and entity

We reserve the right to release a copy of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A.

Questions

If you have any questions in relation to the above, please do not hesitate to contact me.

Yours sincerely

Todd Lewis Adviser, Listings Compliance (Melbourne)