DART MINING NL — Capital/Financing Update 2020

Jun 24, 2020

25 JUNE 2020__ ASX ANNOUNCEMENT

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Placement to advance gold exploration in Victoria

Dart Mining NL ( ASX: DTM ) (“ Dart ” or “ the Company ”) is pleased to announce that it has received firm commitments from professional and sophisticated investors for a placement to raise $918,000 ( Placement ) through the issue of 10,800,000 fully paid ordinary shares at $0.085 per share, representing an 18% discount to the 5 day VWAP.

The Placement will be issued under existing capacity with 6,315,911 shares to be issued under rule 7.1A and the balance to be issued under rule 7.1. Veritas Securities Limited acted as Lead Manager to the Placement.

Proceeds from the Placement will be used to fund exploration programmes on Darts gold projects located in Northeast Victoria, particularly drilling for silica-sulphide and disseminated sulphide zones over the Fairley’s Prospect at the Buckland Gold Project, multiple targets at the Sandy Creek Gold Project and for general working capital.

The Company welcomes new investors to the Company, as well as those existing shareholders who participated in the Placement. The Board wishes to thank investors for their support.

This announcement has been authorised by the Board of Directors of Dart.

Yours faithfully

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Julie Edwards Company Secretary

For further information please contact

James Chirnside Managing Director Email jchirnside@dartmining.com.au

Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: info@dartmining.com.au | www.dartmining.com.au |