EVOLUTION MINING LIMITED — Capital/Financing Update 2022

Jun 21, 2022

ASX ANNOUNCEMENT / MEDIA RELEASE 22 June 2022

EXPANDED CONTRACT AWARD WITH EVOLUTION

HIGHLIGHTS

==> picture [160 x 133] intentionally omitted <==

• MLG Oz Limited (ASX:MLG) (“MLG”) is pleased to announce that Evolution Mining Limited (ASX:EVN) (“Evolution”) has selected MLG as its preferred service provider to service its Mungari operation, located in the Goldfields region of Western Australia.

• The award of the new contract for the provision of haulage and integrated site services (“Contract”) issued under Evolution’s wholly owned subsidiary, Evolution Mining (Mungari) Pty Limited, is for an initial contract term of 2 years, with a provision for a further 1-year extension at Evolutions discretion.

• The award of the Contract builds on the existing strong relationship between MLG and Evolution, leveraging MLG’s large Kalgoorlie based resourcing pool and off-road haulage assets.

• This will see annualised revenue with Evolution effectively double to approximately $15 to $18 million per annum. MLG’s scope of works builds on the recent integration of the Kundana operations into Evolution’s Mungari portfolio, with MLG engaged to service the combined sites bulk haulage and road maintenance requirements under a single service provider arrangement.

The Mungari district, now under the single ownership of Evolution, has a significant mineral endowment with a large portfolio of resources delivering long term feed options to the company’s centrally located Mungari processing infrastructure.

MLG founder, and Managing Director, Mr Murray Leahy said: “We are very pleased to be given the opportunity to continue to support and grow with Evolution. This demonstrates MLG’s focus on supporting its existing clients in delivering sustainable services surrounding their long-term infrastructure and aligning our own growth with our client needs. We commenced our first contract with Evolution less than a year ago and we are delighted to be awarded this opportunity to enhance our long-term relationship. This contract marks a significant milestone in our pursuit to provide superior integrated services to our customers. We are delighted to consolidate MLG’s key resources in the Eastern Goldfields region and are confident that this will further drive our strategy to bring together the best of our expertise into a central hub”.

This release contains certain forward looking statements and forecasts, including in relation to possible or assumed future performance, costs, dividends, rates, prices, revenue, potential growth of MLG Oz Limited, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of MLG Oz Limited. Actual results and developments may differ materially from those expressed or implied by these forward looking statements, depending on a variety of factors.

Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information, the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

C O N T A C T 08 6118 5106 InvestorRelations@mlgoz.com.au

H E A D O F F I C E P O S T A L O N L I N E 10 Yindi Way, PO Box 1484, www.mlgoz.com.au Kalgoorlie WA 6430 Kalgoorlie WA 6433

ASX ANNOUNCEMENT / MEDIA RELEASE 22 June 2022

EXPANDED CONTRACT AWARD WITH EVOLUTION

==> picture [160 x 133] intentionally omitted <==

MLG Oz Limited (ASX:MLG), (“MLG”) is a founder-led business which provides a range of services to mine sites, integrated around the needs of client’s ore processing facilities.

MLG is an Australian company based in Kalgoorlie, Western Australia, and services gold, iron ore and base metal clients throughout Western Australia and in the Northern Territory.

MLG’s offering includes crusher feed, road maintenance, rehabilitation work, vehicle maintenance, machine and labour hire and mine site haulage including end-to-end logistics solutions, with a dedicated facility at the Esperance Port.

MLG’s 100%-owned quarries are strategically located near existing mining operations which facilitates the efficient supply of bulk construction materials comprising sand, aggregate and lime to clients.

Authorised for release by the Board of Directors.

Investor contact

Phil Mirams Chief Financial Officer 08 6118 5106

Media contact Michael Vaughan Fivemark Partners 0422 602 720

C O N T A C T 08 6118 5106 InvestorRelations@mlgoz.com.au

P O S T A L O N L I N E PO Box 1484, www.mlgoz.com.au Kalgoorlie WA 6433

H E A D O F F I C E 10 Yindi Way, Kalgoorlie WA 6430