ASPIRE MINING LIMITED — Board/Management Information 2024

Feb 14, 2024

Aspire Mining Limited ABN: 46 122 417 243 Level 5, 126-130 Phillip Street Sydney NSW 2000 Tel: (02) 8072 1400 Fax: (02) 8072 1440 Web: www.aspiremininglimited.com Email: info@aspiremininglimited.com

ASX RELEASE

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For Immediate Release – 15 February 2024

Change of Auditors

Aspire Mining Limited (ASX: AKM , the Company or Aspire ), in accordance with subsection 329(5) of the Corporations Act 2001 (Act) and having received the consent of the Australian Securities and Investments Commission ( ASIC ), wishes to advise a change in auditor to KPMG from HLB Mann Judd.

Pursuant to s329(8) of the Act and in accordance with Regulatory Guide 26 issued by the Australian Securities and Investments Commission ( ASIC ), the resignation, and replacement appointment, take effect from the date of this notice.

After many years of HLB Mann Judd conducting audits for the Company, the Board considered it prudent and in alignment with industry best practice to rotate the existing auditors to ensure the independence of auditors.

Following a thorough evaluation process led by the management team, the Board selected KPMG as auditor based on their reputation, relevant industry experience as well as their ongoing involvement with the audit of the Mongolian subsidiaries of the Company.

The appointment of KPMG will be put to shareholders for approval at the Company’s next Annual General Meeting ( AGM ) to be held on a date to be advised, but within May 2024.

The Board would like to take this opportunity to thank HLB Mann Judd for their professionalism, thoroughness, and timeliness in providing services to the Company.

This announcement was authorised for release to the ASX by the Company Secretary, Emily Austin.

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Forward Looking Statements

This report may contain forward-looking information which is based on the assumptions, estimates, analysis, and opinions of management and engaged consultants made in light of experience and perception of trends, current conditions and expected developments, as well as other factors believed to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Assumptions have been made by the Company regarding, among other things: the price of coking coal, the timely receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the completion of a feasibility studies on its exploration and development activities, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company.

Although management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate.

Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of coking coal, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forwardlooking information.

About Aspire Mining Limited

Aspire Mining Limited (ASX: AKM) is 100% owner of the Ovoot Coking Coal Project, and 90% owner of the Nuurstei Coking Coal Project, both located in Khuvsgul aimag of north-western Mongolia. The Company is focused upon engineering, permitting, and financing the Ovoot Coking Coal Project to facilitate mining coal via open pit methods, beneficiating the coal onsite, transporting the washed coking coal by truck to a Company owned coal unloading and loading facility near Erdenet, and deliver onward via rail to customers in China, Russia and beyond utilising the existing trans-Mongolian rail network.

For more information, please contact:

Achit-Erdene Darambazar Sam Bowles +61 2 8072 1400 Managing Director Chief Executive Officer +97 6 7011 6828 info@aspiremininglimited.com

Change of Auditors

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Aspire Mining Limited