AUKING MINING LIMITED — Capital/Financing Update 2022

Apr 20, 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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21 April 2022

Dear Shareholder,

Invitation to participate in a non-renounceable entitlement issue

Auking Mining Limited ( AKN ) is pleased to offer eligible Shareholders the opportunity to participate in a non-renounceable entitlement offer of one Share for every three existing Shares held by Shareholders registered at the Record Date at 14c per Share. Every three New Shares issued will be accompanied by a free attaching Option with an exercise price of 25c per Option (Exercise Price) that expire on 30 June 2023, being the same class as the existing ASX-listed options currently trading as AKNO ( New Options ) ( Entitlement Offer ).

The offer opens on Wednesday, 27 April 2022 and closes at 5pm (AEST) on Monday, 16 May 2022. You should read the offer Prospectus and Entitlement and Acceptance Form in its entirety before deciding whether to participate.

To access the Prospectus, Entitlement and Acceptance Form and apply online ( once the offer opens ):

1. Visit the AKN offer website at https://events.miraqle.com/ akn-offer

2. Complete the necessary security checks to access the website.

3. Enter the following details when prompted:

   • Your Holder Identification Number (HIN) or Securityholder Reference Number (SRN);

   • The name of your registered holding (surname or company name);

   • The postcode of your registered holding;

4. Download and read the Prospectus in its entirety and seek appropriate professional advice if necessary;

5. Download your personalised Entitlement and Acceptance form with BPAY[®] details; and

6. Make your payment via BPAY in accordance with your financial institution's instructions

Please contact us on (07) 3535 1208 if you have any queries in relation to this Offer or how to participate in it.

Yours sincerely Paul Williams CEO, AuKing Mining Limited

M: 0419 762 487

E: p.williams@aukingmining.com

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