Vital Metals response to ASX price and volume query

2 March 2021

Vital Metals Limited (ASX:VML, “Vital” or “the Company”) provides this response in relation to ASX’s letter dated 1 March 2021 regarding a change in the price of VML’s securities from a low of $0.051 to an intraday high of $0.071. In addition, ASX has noted the significant increase in the volume of VML’s securities traded today.