GOLD MOUNTAIN LIMITED — Capital/Financing Update 2021

Jul 13, 2021

(ASX: GMN) ASX RELEASE

14 July 2021

UPDATED RENOUNCEABLE RIGHTS TIMETABLE

Gold Mountain Limited (ASX: GMN) (“Gold Mountain” or “the Company”) refers to the renounceable rights issue announced earlier today. The Company has revised the offer timetable as follows:

Event	Date
Ex entitlement date	19 July 2021
Rights trading commences on a deferred settlement basis
Record Date for determining entitlements (5:00pm EST)	20 July 2021
Prospectus and personalised Entitlement and Acceptance Forms sent out to	23 July 2021
Eligible Shareholders
Rights trading ends	2 August 2021
Closing date of entitlement issue (5:00pm EST)	9 August 2021
ASX notified of under subscriptions	12 August 2021
Issue date	16 August 2021

These dates are indicative only and may change, subject to the Corporations Act and Listing Rules.

A prospectus with an updated timetable will be sent to eligible shareholders in accordance with the above timetable. Eligible Shareholders should consider the prospectus in deciding whether to acquire securities under the Rights Issue and will need to follow the instructions on the entitlement and acceptance form that will accompany the prospectus.

About Gold Mountain Limited

Gold Mountain Limited is an Australian, publicly listed company exploring for world class, porphyry copper-gold-molybdenum deposits at its Wabag Project in the highly prospective Papuan Mobile Belt (PMB) in Papua New Guinea (PNG). PNG hosts one of the highest densities of tier one copper and gold deposits in the world, including Ok Tedi, Frieda River and Porgera (located app 70km from Wabag).

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The exploration programmes have identified three prospective targets being Mt Wipi, Monoyal and Sak Creek. GMN is continuing with its regional exploration programmes across all tenements and is commencing with a drilling programme at the highly prospective Mt Wipi target.

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The Board of Gold Mountain Limited authorised this announcement to be provided to the ASX.

For further information please visit the website www.goldmountainltd.com.au or contact:

Tim Cameron

Executive Director M +61 (0) 448 405 860

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[ Follow Gold Mountain on Twitter at: ] www.twitter.com/GoldMountainASX Follow Gold Mountain on LinkedIn at: www.linkedin.com/company/goldmountain Follow Gold Mountain on YouTube at: YouTube Channel

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GMN - ASX RELEASE

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