GOLD MOUNTAIN LIMITED — Capital/Financing Update 2017

May 11, 2017

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ASX RELEASE

Suite 2501 Level 25 St Martins Tower 31 Market Street Sydney NSW 2000 Australia (PO Box Q638 QVB Market Street NSW 1230 Australia) Tel: +61 (02) 9283 3880

12 May 2017

Exercise of Unlisted Options

Gold Mountain Limited ( GMN or Company ) is pleased to advise that 750,000 unlisted Options exercisable at $0.055 were exercised raising additional $41,250.00 towards the general working capital of Company.

Appendix 3B reflecting the changes in capital structure will be released following this announcement.

For and on behalf of the Board

Eric Kam Company Secretary