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ASX RELEASE | 29 October 2021 RAIDEN RESOURCES RAIDEN QUARTERLY ACTIVITIES REPORT FOR PERIOD ENDED 30 SEPTEMBER 2021 QUICK STATS ASX Code : RDN DAX Code : YM4 HIGHLIGHTS . High resolution magnetic survey defined 40 intrusion related targets at Arrow Project in Western Australia ; • The Company entered into a Binding Heads of Agreement for the acquisition of 80 % interest in the Welcome Exploration Pty Ltd tenements adjoining Mt Sholl project ; • The Company defined zones characterised by high grade gold mineralisation at Boodalyerrie Project in Western Australia ; • Minister of Energy signed the Exploration Agreement for Zlatusha project in Bulgaria ; and • A total of 16 new targets were defined at Majdanpek Project Raiden Resources Limited ( ASX : RDN ) ( ' Raiden ' or ' the Company ' ) is pleased to provide its report on activities and progress made during the September 2021 Quarter : Exploration Activities in Western Australia Arrow Project The Company engaged MAGSPEC Airborne Surveys Pty Ltd ( " MAGSPEC " ) , to execute a detailed airborne magnetic survey across the northern Arrow tenement . The preliminary processing was competed by MAGSPEC , with additional processing and interpretation completed by Terra Resources Pty Ltd ( " Terra " ) . The interpretation generated 40 intrusion related targets across the northern target license . Field evaluation of all defined targets is planned to be carried over the following work season , with IP surveys being considered across high priority targets . The Company has commenced drill access permitting on key areas and is engaging contractors to tender on initial 5,000m drill program . Further information available in ASX announcement dated 6 July 2021 . BOARD & MANAGEMENT Non - Executive Chairman Mr Michael Davy Managing Director Mr Dusko Ljubojevic Non - Executive Director Mr Martin Pawlitschek Non - Executive Director Mr Dale Ginn Company Secretary Ms Kyla Garic ASSET PORTFOLIO SERBIA Cu , Co & Au ( ~ 269km² ) BULGARIA Cu , Au & Ag ( ~ 409km² ) AUSTRALIA Au , Cu , Ni & PGE ( ~ 840km² ) RAIDENRESOURCES.COM.AU Page 1 of 7