Ms. Nancy Schlepp reports

SANDFIRE RESOURCES AMERICA ANNOUNCES VARIATION TO BRIDGE LOAN AGREEMENT

Sandfire Resources America Inc. has entered into a second variation agreement to its bridge loan agreement, as amended, with Sandfire BC Holdings (Australia) Pty. Ltd., the company's largest shareholder, and Tintina Montana Inc., a wholly owned subsidiary of the company.

Pursuant to the second variation, the amount available to be borrowed under the second variation, variation and bridge loan will be increased from an aggregate of up to $22.0-million (U.S.) to an aggregate of up to $32.0-million (U.S.) through one or more advances, and the latest maturity will be extended from June 30, 2023, to June 30, 2024, subject to the terms of the second variation and the bridge loan.

All other terms and conditions of the bridge loan shall remain in full force and effect, except as amended by the second variation. No securities of the company are issuable under the agreement.

We seek Safe Harbor.