Tombola Gold Ltd (ASX:TBA) Debt Repayment Extension and Director Resignations

As a consequence of the payment today of $500,000 by Tombola Gold Ltd (ASX:TBA) for the benefit of Vaspip 2 Pty Ltd and Kambea Grove Pty Ltd ATF Kambea Grove Investment Trust (together the secured lenders), which was made from the funds quarantined under the secured facility, an extension has been agreed for the final settlement of the balance of the secured facility to 9 May 2023. Following payment of the $500,000 the current balance of the facility is approximately $4,575,250. Interest and costs will continue to accrue through until final settlement under the terms of the facility announced on 20 February 2023.

The Company wishes to advise of the resignations of Executive Directors Rod Watt and Trevor Coombe. An Appendix 3Z for each Director will be lodged separately. It is envisaged that new Directors will be appointed as part of any further funding arrangements.

Byron Miles 
Managing Director
bmiles@tombolagold.com

Jane Morgan
Investor and Media Relations
info@janemorganmanagement.com.au
+ 61 (0) 405 555 618

Pamela Menzies
Company Secretary
pamela@tombolagold.com