AUKING MINING LIMITED — Capital/Financing Update 2025

May 15, 2025

ASX:AKN ABN 29 070 859 522 Phone 07 3535 1208 www.aukingmining.com

Auking Mining Limited Suite 34, Level 10 320 Adelaide Street Brisbane Queensland 4000

16 May 2025

The Manager Listings Compliance ASX Sydney

EXTENSION OF SHORT-TERM LOAN AND PROPOSED SHARE ISSUE

AuKing Mining Limited ACN 070 859 522 (ASX:AKN) ( AuKing or Company ) advises of a proposed issue of a minimum 10,950,000 fully paid ordinary shares to GAM Company Pty Ltd ( GAM ) in consideration of GAM agreeing to an extension of time for repayment of a $657,000 short term loan facility, provided by GAM to AuKing, until on or before 25 July 2025.

The proposed issue of these shares to GAM (or its nominees) is subject to approval being obtained by the Company from its shareholders at an extraordinary general meeting to be convened by the Company to be held on or before 31 July 2025. The final number of shares to be issued to GAM will be calculated by reference to loan extension fee of $65,700 and a formula detailed in the accompanying Appendix 3B Notice.

Authorised for release by Paul Williams, Managing Director.

For more information, please contact:

Paul Williams Managing Director Mobile +61 419 762 487 p.williams@aukingmining.com

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