GATEWAY MINING LIMITED — Capital/Financing Update 2020

Aug 26, 2020

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: 27 August 2020

CLEANSING NOTICE

This notice is given by Gateway Mining Limited ( Issuer ), under section 708A(5)(e) of the Corporations Act 2001 ( Act ).

The Issuer today issued 105,436,901 fully paid ordinary shares at an issue price of A$0.016 per Share ( Shares ) to institutional, professional, sophisticated investors and directors of the Company comprising of the Tranche 2 Shares under the placement announced on 14 July 2020.

The Issuer advises that:

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

• (b) this notice is being given under sections 708A(5)(e) of the Act;

• (c) as at the date of this notice, the Issuer has complied with:

  • (i) the provisions of Chapter 2M of the Act, as they apply to the Issuer; and

  • (ii) section 674 of the Act, as it applies to Issuer, and

• (d) as at the date of this notice, there is no information that is ‘excluded information’ within the meanings of sections 708A(7) and 708A(8) of the Act.

This released has been authorised by: Kar Chua Company Secretary

For and on behalf of

GATEWAY MINING LIMITED

Investors Media Peter Langworthy Nicholas Read Managing Director Read Corporate T: 02 8316 3998 T: 08 9388 1474 or Kar Chua Company Secretary T: 02 8316 3998