EAGLE MOUNTAIN MINING LIMITED — Capital/Financing Update 2023

Feb 5, 2023

ASX Announcement 6 FEBRUARY 2023

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Second Tranche of Placement to Raise $5 Million Completes

Eagle Mountain Mining Limited ( ASX : EM2 ) (“ Eagle Mountain ” or “the Company ”) is pleased to confirm that the second and final tranche of a placement (30 November 2022) to raise $5 million before costs has settled.

As previously advised an entity associated with Mr Charles Bass the Company’s Managing Director and major shareholder had subscribed for the second tranche to raise $2 million through the allotment of 12,121,213 shares at $0.165. The Company received shareholder approval for the balance of the placement at a General Meeting held on 3 February 2023.

An Appendix 2A and cleansing notice in respect of the Placement Share issue follows this announcement for immediate release.

For further information please contact:

Tim Mason Mark Pitts Jane Morgan Chief Executive Officer Company Secretary Investor and Media Relations tim@eaglemountain.com.au mark@eaglemountain.com.au jm@janemorganmanagement.com.au

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

ABOUT EAGLE MOUNTAIN MINING

Eagle Mountain is a copper-gold explorer focused on the strategic exploration and development of the Oracle Ridge Copper Mine and the highly prospective greenfields 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’s developments through our website and social media channels:

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Linkedin

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Twitter EM2 Website

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