EAGLE MOUNTAIN MINING LIMITED — Capital/Financing Update 2021

Nov 22, 2021

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Second Tranche of Placement to Raise $16 million Completes

Eagle Mountain Mining Limited (ASX: EM2 ) (“ Eagle ” or “the Company ”) is pleased to confirm that the second and final tranche of its recently announced placement (ASX 28 September 2021) to raise $16 million before costs has settled.

The second tranche of the Placement, to an entity associated with Mr Charles Bass the Company’s Managing Director and major shareholder, raised $1 million through the allotment of 1,538,462 shares at 65 cents and was completed following shareholder approval on 19 November 2021.

The first tranche of the Placement, which raised $15 million before costs through the allotment of 23,081,539 shares, was completed on 1 October 2021.

An Appendix 2A and cleansing notice in respect of the share issues follows this announcement for immediate release.

For further information please contact:

Tim Mason Mark Pitts BEng, MBA, GAICD B.Bus, FCA, GAICD Chief Executive Officer Company Secretary tim@eaglemountain.com.au mark@eaglemountain.com.au

This Announcement has been approved for release by the Board of Eagle Mountain Mining Limited.

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EAGLE MOUNTAIN MINING LIMITED

Eagle Mountain is a copper-gold explorer focused on the strategic exploration and development of the Oracle Ridge Copper Mine and the highly prospective greenfield (Silver Mountain) project, both located in Arizona, USA.

Arizona is at the heart of America’s mining industry and home to some of the world’s largest copper discoveries such as Bagdad, Miami and Resolution, one of the largest undeveloped copper deposits in the world

Follow the Company developments through our website and social media channels

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Website https://eaglemountain.com.au/

Twitter https://twitter.com/eagle_mining

LinkedIn https://www.linkedin.com/company/eagle-mountain-mining-ltd/

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EAGLE MOUNTAIN MINING LIMITED

SECONDARY TRADING NOTICE – NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Eagle Mountain Mining Limited (ACN 621 541 204) (“Eagle Mountain”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“the Act”).

On 23 November 2021 Eagle Mountain issued 1,538,462 ordinary shares (the Shares) without disclosure under Part 6D.2 of the Corporations Act.

Eagle Mountain gives notice under section 708A(5)(e) of the Act that:

• (a) the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (b) as a disclosing entity, Eagle Mountain is subject to regular reporting and disclosure obligations;

• (c) as at the date of this notice, Eagle Mountain has complied with the provisions of Chapter 2M as they apply to Eagle Mountain and section 674 of the Act; and

• (d) as at the date of this notice, there is no information that is ‘excluded information’ within the meaning of section 708A(7) and 708A(8) of the Act which is required to be disclosed by Eagle Mountain under section 708A(6)(e) of the Act.

On behalf of the Board of Eagle Mountain Mining Limited

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Mark Pitts Company Secretary

For further information please contact:

Tim Mason Mark Pitts BEng, MBA, GAICD B.Bus, FCA, GAICD Chief Executive Officer Company Secretary tim@eaglemountain.com.au mark@eaglemountain.com.au

This Announcement has been approved for release by the Company Secretary of Eagle Mountain Mining Limited

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