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GATEWAY MINING LIMITED Capital/Financing Update 2024

Dec 17, 2024

Capital/Financing Update

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18 December 2024

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

The Issuer today issued 13,360,870 fully paid ordinary shares ( Shares ) as follows:

(a) 10,100,000 Shares at an issue price of $0.02 per Share to directors and related parties (or their nominees) as part of their participation in the placement announced on 29 May 2024, for which shareholder approval was obtained on 28 November 2024; and
(b) 3,260,870 Shares at an issue price of $0.023 per Share as transaction fees to advisers in connection with the Issuer’s sale of the Montague East gold rights to Brightstar Resources Limited completion of which was announced on 2 October 2024.

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 section 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 Executive Chairman of the Company.