AUKING MINING LIMITED — Capital/Financing Update 2022

May 1, 2022

AuKing Mining Limited ABN 29 070 859 522

Suite 27, Level 7, 320 Adelaide Street Brisbane QLD 4000 GPO Box 216 Brisbane QLD 4001 Tel: +61 7 3535 1208

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2 May 2022

The Manager Listings Compliance ASX, SYDNEY

PLACEMENT SHARES ISSUED and SECTION 708A NOTICE

AuKing Mining Limited ACN 070 859 522 (ASX:AKN) (Auking or Company) confirms the issue of 18,822,412 fully ordinary shares pursuant to tranche 1 of the placement at $0.14 per share to sophisticated and professional investors as part of the capital raising program announced on 20 April 2022.

Notice under Section 708A(5)(e) of the Corporations Act 2001

The ordinary shares are part of a class of securities quoted on the Australian Securities Exchange. The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001. The Company is providing this notice under paragraph 5(e) of section 708A of the Corporations Act 2001 (in reliance on the modification of section 708A(5)(b) of the Corporations Act 2001 by ASIC Instrument 21-0852 as attached).

The Company, as a disclosing entity, has at the date of this notice, complied with:

• a) The provisions of Chapter 2M of the Corporations Act 2001; and b) Section 674 of the Corporations Act 2001.

As at the date of this announcement, there is no excluded information of the type referred to in Sections 708A(7) and (8) of the Corporations Act 2001.

Authorised for release by Paul Williams, CEO.

For further information please contact: Mr Paul Williams

CEO Ph: +61 419 762 487 Email: p.williams@aukingmining.com

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