GATEWAY MINING LIMITED — Share Issue/Capital Change 2023

Mar 8, 2023

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

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Announcement Summary

Entity name

GATEWAY MINING LIMITED

Date of this announcement

Thursday March 09, 2023

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

Refer to next page for full details of the announcement

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

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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

ABN

Registration number

31008402391

1.3 ASX issuer code

GML

1.4 The announcement is

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New announcement

1.5 Date of this announcement

9/3/2023

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

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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
25-Jan-2023 09:07	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? No

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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 GMLAAA : OPTION EXPIRING 31-MAR-2026 EX $0.124 Date the +securities the subject of this notification were issued 9/3/2023 Any other information the entity wishes to provide about the +securities the subject of this notification Shareholder approval obtained 8 March 2023. Issue details

Number of +securities 13,440,902 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil. Free 1 for 3 attaching options to Placement Shares as announced 25 January 2023 and as approved at EGM 8 March 2023.

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Part 4 - +Securities on issue

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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	262,942,254
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
GMLAQ : OPTION EXPIRING 19-JUN-2023 EX $0.30	283,337
GMLAB : PERFORMANCE RIGHTS EXPIRING 28-MAY-2024	1,250,000
GMLAC : PERFORMANCE RIGHTS EXPIRING 28-NOV-2024	2,500,000
GMLAD : PERFORMANCE RIGHTS EXPIRING 28-NOV-2025	1,250,000
GMLAT : OPTION EXPIRING 26-AUG-2023 EX $0.24	1,000,000
GMLAA : OPTION EXPIRING 15-DEC-2024 EX $0.30	17,647,107
GMLAR : OPTION EXPIRING 19-JUN-2023 EX $0.35	333,337
GMLAS : OPTION EXPIRING 19-JUN-2023 EX $0.40	333,337
GMLAV : OPTION EXPIRING 02-FEB-2024 EX $0.48	193,334
GMLAW : OPTION EXPIRING 02-FEB-2024 EX $0.58	193,334
GMLAU : OPTION EXPIRING 02-FEB-2024 EX $0.38	193,334
GMLAX : OPTION EXPIRING 12-MAY-2024 EX $0.38	1,100,000
GMLAY : OPTION EXPIRING 12-MAY-2024 EX $0.48	1,100,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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

GMLAZ : OPTION EXPIRING 12-MAY-2024 EX $0.58

1,100,000

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