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AIC MINES LIMITED Capital/Financing Update 2021

Oct 10, 2021

64266_rns_2021-10-10_c5f22905-94d3-47fd-9791-2b7e40f7e321.pdf

Capital/Financing Update

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ASX Announcement

11 October 2021

Priority Allocation – AIC Mines Limited Shareholders

AIC Mines Limited (ASX: A1M) (“ AIC ” or the “ Company ”) is pleased to provide existing AIC shareholders with the opportunity to participate in the Priority Allocation component of the Company’s $40 million Capital Raising.

AIC minority shareholders are given priority (on an individual basis) for an allocation of shares under the Priority Allocation consisting of up to 20,000,000 shares at an offer price of $0.25 per share to raise up to $5 million (before costs).

Priority Allocation Application Forms are available with the electronic Prospectus, or you can complete an

online application and pay for your application by BPAY by selecting the Application Form button on the Public Offer website which can both be accessed via a link on the home page of the Company’s website at www.aicmines.com.au or at aicminesoffer.thereachagency.com

In order to participate in the Priority Allocation please use your SRN or HIN as your Applicant Reference Number in the box provided in the online Allocation Form or at Section F of the Priority Allocation Application Form.

Any enquiries regarding this announcement may be directed to:

Linda Hale Company Secretary Email: [email protected]

This announcement has been approved for issue by:

Aaron Colleran Managing Director Email: [email protected]

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