EAGLE MOUNTAIN MINING LIMITED — Share Issue/Capital Change 2023

Jan 16, 2023

ASX Announcement 17 JANUARY 2023

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OPTION EXERCISE

Eagle Mountain Mining Limited ( ASX : EM2 ) (“ Eagle Mountain ” or “the Company ”) advises that it has received valid exercise notices for 1.9 million unlisted $0.20 options and as a consequence has instructed its registry to allot and issue 1.9 million ordinary Eagle Mountain shares.

The Options were exercised by the Directors, the balance of this class of unlisted options has lapsed in accordance with their terms.

A Cleansing Notice is attached in relation to the share issue.

An Appendix 2A follows together with the relevant Appendix 3Y’s noting changes in Director Interests and an Appendix 3H noting the expiry of those options which remained unexercised.

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 Mark Pitts the Company Secretary on behalf of 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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----- Start of picture text ----- AUS REGISTERED OFFICEGround Floor, 22 Stirling HighwayNedlands WA 6009ACN: 621 541 204CONTACT ASX: EM2E: info@eaglemountain.com.au eaglemountain.com.au----- End of picture text -----

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A S X A n n o u n c e m e n t | 1 7 J A N U A R Y 2 0 2 3

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 14 January 2023 Eagle Mountain issued a total of 1,900,000 ordinary shares (the Shares), following the exercise of options, 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.

This Announcement has been approved for release by the Company Secretary, Mark Pitts on behalf of the Board of Eagle Mountain Mining Limited

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

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