GATEWAY MINING LIMITED — Share Issue/Capital Change 2021

Dec 16, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

GATEWAY MINING LIMITED

Date of this announcement

Friday December 17, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
GMLAA	OPTION EXPIRING 15-DEC-2024 EX $0.03	176,470,620	17/12/2021

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

1 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

GATEWAY MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

008402391

1.3 ASX issuer code

GML

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

17/12/2021

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

2 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 01-Nov-2021 10:01 New - Proposed issue of securities - A placement or other type of issue GML

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

==> picture [8 x 8] intentionally omitted <==

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

16,036,784 fully paid ordinary shares at an issue price of $0.017 to directors (or their nominees) as part of their participation in the Placement announced 1 November 2021.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

3 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description GMLAA : OPTION EXPIRING 15-DEC-2024 EX $0.03 Date the +securities the subject of this notification were issued 17/12/2021 Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 176,470,620

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Nil. Free 1 for 2 attaching options to Placement Shares as announced 1 November 2021 and as approved at EGM on 16 December 2021.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

4 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

==> picture [540 x 710] intentionally omitted <==

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

5 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

==> picture [21 x 22] intentionally omitted <==

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)
	Total number of
ASX +security code and description	+securities on issue
GML : ORDINARY FULLY PAID	2,240,540,171
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not	quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
GMLAN : OPTION EXPIRING 28-FEB-2022 EX 1.7C	6,666,667
GMLAO : OPTION EXPIRING 28-FEB-2022 EX 1.8C	6,666,667
GMLAP : OPTION EXPIRING 28-FEB-2022 EX 2C	6,666,666
GMLAQ : OPTION EXPIRING 19-JUN-2023 EX 3C	2,833,331
GMLAT : OPTION EXPIRING 26-AUG-2023 EX 2.4C	10,000,000
GMLAR : OPTION EXPIRING 19-JUN-2023 EX 3.5C	3,333,332
GMLAS : OPTION EXPIRING 19-JUN-2023 EX 4C	3,333,337
GMLAV : OPTION EXPIRING 02-FEB-2024 EX $0.048	1,933,333
GMLAW : OPTION EXPIRING 02-FEB-2024 EX $0.058	1,933,334
GMLAK : OPTION EXPIRING 12-NOV-2022 EX 3C	4,000,000
GMLAU : OPTION EXPIRING 02-FEB-2024 EX $0.038	1,933,333
GMLAL : OPTION EXPIRING 12-NOV-2022 EX 3.5C	3,000,000
GMLAM : OPTION EXPIRING 12-NOV-2022 EX 4C	3,000,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

6 / 7

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

==> picture [21 x 22] intentionally omitted <==

GMLAX : OPTION EXPIRING	12-MAY-2024	EX $0.038	11,000,000
GMLAY : OPTION EXPIRING	12-MAY-2024	EX $0.048	11,000,000
GMLAZ : OPTION EXPIRING	12-MAY-2024	EX $0.058	11,000,000
GMLAA : OPTION EXPIRING	15-DEC-2024	EX $0.03	176,470,620

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

7 / 7