ANDROMEDA METALS LIMITED — M&A Activity 2022

Feb 6, 2022

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69 King William Road UNLEY South Australia 5061 ABN 75 061 503 375

Telephone: +61 8 8271 0600 Facsimile: +61 8 8271 0033 info@andromet.com.au www.andromet.com.au

Corporations Act 2001 (Cth)

Notice under section 650F

Andromeda Metals Limited ACN 061 503 375

This is a notice issued by Andromeda Metals Limited ( Andromeda ) in relation to the offer made under its off-market takeover bid for all of the ordinary shares in Minotaur Exploration Limited ( Offer ) contained in Andromeda's Bidder's Statement dated 3 December 2021 ( Bidder's Statement ).

For the purposes of section 650F of the Corporations Act 2001 (Cth), Andromeda gives notice that:

1. The Offer is free from all Conditions set out in section 14.7 of the Bidder's Statement.

2. As at 9.00am (AEDT) on 7 February 2022, Andromeda's voting power in Minotaur is 79.16%.

Dated 7 February 2022

Signed for and on behalf of Andromeda Metals Limited

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----- Start of picture text ----- Andrea BettiCompany Secretary----- End of picture text -----