GATEWAY MINING LIMITED — Capital/Financing Update 2021

Dec 16, 2021

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: 17 December 2021

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:

• (a) 16,036,784 fully paid ordinary shares at an issue price of A$0.017 per share to directors (or their nominees) as part of their participation in the placement announced on 1 November 2021, for which shareholder approval was obtained on 16 December 2021; and

• (b) 3,529,412 fully paid ordinary shares at an issue price of $A0.017 per share to Enrizen Accounting (or their nominee) a related party of Trent Franklin in lieu of payment of outstanding fees for services accrued for company secretarial services provided to the Issuer, for which shareholder approval was obtained on 16 December 2021,

(Collectively, Shares ).

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 release has been authorised by the Managing Director of the Company.

Kar Chua Company Secretary

For and on behalf of GATEWAY MINING LIMITED