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CATALYST METALS LIMITED M&A Activity 2023

Jan 31, 2023

64743_rns_2023-01-31_15332bc2-b1b4-4366-a2d7-5d1c2518d414.pdf

M&A Activity

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1 February 2023

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ASX Market Announcement for Immediate Release

Target’s Statement Distributed

In accordance with item 12 of subsection 633 (1) of the Corporations Act 2001 (Cth), Vango Mining Limited (ASX: VAN) ( Company or Vango ) has distributed, to the Company’s shareholders, the target's statement of Vango dated 23 January 2023 in relation to the off-market takeover bid by Catalyst Metals Limited (ACN 118 912 495) ( Catalyst ) for all the ordinary fully paid shares ( Shares ) in Vango ( Target's Statement ).

The directors of Vango unanimously recommend that the Company’s shareholders ACCEPT Catalyst's Offer (in the absence of a superior proposal).

Close of Offer Period (unless extended or withdrawn) is 5:00 pm (Perth time) on 20 February 2023. Dates may change as permitted under the Corporations Act. Any changes will be notified on Vango's website at https://vangomining.com/

Company shareholders should contact Boardroom Pty Limited on 1300 737 760, or email [email protected] if they have recently changed address, recently purchased the Company’s Shares, or a own the Company’s Shares through a custodian holding the Company’s Shares on their behalf; and have not received the Target's Statement.

Authorised by the Company’s Executive Chairman, Mr Bruce McInnes.

Bruce McInnes Executive Chairman Vango Mining Limited

Vango Mining Ltd ABN: 68 108 737 711 ASX: VAN

Issued Capital 1,259,937,632 Shares 81,000,000 Options 151,250,000 Convertible Notes

Australian Registered Office Aurora Place, Building 1 Level 29 88 Phillip Street Sydney NSW 2000AUSTRALIA

Directors BRUCE MCINNES - Executive Chairman SEAN ZHOU - Deputy Chairman - Non-Executive Director HUNTER GUO - Non-Executive Director The Hon CRAIG WALLACE – Non-Executive Director Dr CAROL ZHANG – Non-Executive Director

www.vangomining.com