GATEWAY MINING LIMITED — Capital/Financing Update 2019

Nov 19, 2019

ABN: 31 008 402 391 Level 11, 52 Phillips Street Sydney NSW 2000 GPO Box 225 Sydney NSW 2001 Tel: 61 2 8316 3998 Fax: 61 2 8316 3999 Website: www.gatewaymining.com.au

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ASX Announcement: 20 November 2019

GIDGEE GOLD PROJECT – DRILLING UPDATE

Reverse Circulation drilling program expanded to 10,000m following excellent progress and productivity achieved to date

Gateway Mining Limited (ASX: GML) ( Gateway or Company ) is pleased to provide an update on the ongoing Reverse Circulation (RC) drilling program at its 100%-owned Gidgee Gold Project in Western Australia (Figure 1).

The drilling performance achieved to date has been excellent and is ahead of the original schedule. Accordingly, the Company has decided to extend the program until the end of November, which will result in a total of 11,000m for 94 holes being drilled compared to the original 8,000m program.

On completion of the RC drilling, the planned air-core drilling program will commence and will continue through to the end of the exploration field season (mid-December).

The aim of the RC drilling is to target immediate extensions to the Whistler and Montague Gold Deposits, as well as undertake first-pass drill testing of a series of high-priority targets along the granodiorite contact. In addition to this, the air-core drilling is designed to commence systematic testing of large strike extensions of the prospective granodiorite contact that have never previously been tested.

Initial samples from the program have been submitted to the laboratory for assay and results will be reported as they come to hand.

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Figure (1): Gidgee Gold Project Location Plan

Peter Langworthy Managing Director

For and on behalf of GATEWAY MINING LIMITED

Competent Person Statement

The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled or reviewed by Mr Peter Langworthy who is a full-time employee of Gateway Mining Ltd and is a current Member of the Australian Institute of Mining and Metallurgy. Mr Peter Langworthy has sufficient experience, which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Langworthy consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

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