BAYAN MINING AND MINERALS LIMITED — AGM Information 2021

Oct 13, 2021

ASX ANNOUNCEMENT 14 October 2021

2021 Annual General Meeting & Closing Date for Director Nominations

Balkan Mining and Minerals Ltd (BMM or the Company) (ASX: BMM) advises that in accordance with ASX Listing Rule 3.13.1, the Company’s 2021 Annual General Meeting ( AGM ) will be held on Tuesday, 23 November 2021.

An item of business at the AGM will be the election of directors. In accordance with the Company’s Constitution, the closing date for receipt of nominations for the election of directors is 24 October 2021. Any nominations must be given to the Company by no later than 5.00pm (WST) on 24 October 2021.

For further information please contact:

Ross Cotton Media Inquiries Managing Director Amalie Schreurs Tel: +61 8 6489 0600 White Noise Communications E: Ross.Cotton@balkanmin.com Tel: +61 431 636 033

Authorised for release by the Managing Director of Balkan Mining and Minerals Limited

-ENDS-

ABOUT BALKAN MINING AND MINERALS

Balkan Mining and Minerals Ltd is an ASX listed company focused on the early-stage exploration through to development of borate and associated lithium in the Balkans. The Company’s Projects comprise the Rekovac, Dobrinja and Pranjani Lithium-Borate Projects which are located within the Republic of Serbia.

Forward-looking Statements

Certain statements included in this release constitute forward-looking information. Statements regarding BMM’s plans with respect to its mineral properties and programs are forward-looking statements. There can be no assurance that BMM’s plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that BMM will be able to confirm the presence of additional mineral resources, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of BMM’s mineral properties. The performance of BMM may be influenced by a number of factors which are outside the control of the Company and its Directors, staff, and contractors.

These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating

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Balkan Mining and Minerals Ltd ABN 67 646 716 681 311 – 313 Hay Street, Subiaco WA 6008 T: +61 8 6489 0600 E:info@balkanmin.com www.balkanmin.com

ASX ANNOUNCEMENT 14 October 2021

to the interpretation of exploration sample, mapping and drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves and resources, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the company’s prospects, properties and business strategy.

There is continuing uncertainty as to the full impact of COVID-19 on BMM’s business, the Australian economy, share markets and the economies in which BMM conducts business. Given the high degree of uncertainty surrounding the extent and duration of the COVID-19 pandemic, it is not currently possible to assess the full impact of COVID-19 on BMM’s business or the price of BMM securities.

Except for statutory liability which cannot be excluded, each of BMM, its officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in these forward-looking statements and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in forward-looking statements or any error or omission. BMM undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events other than required by the Corporations Act and ASX Listing Rules. Accordingly, you should not place undue reliance on any forward-looking statement.

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Balkan Mining and Minerals Ltd ABN 67 646 716 681 311 – 313 Hay Street, Subiaco WA 6008 T: +61 8 6489 0600 E:info@balkanmin.com www.balkanmin.com