GOLD MOUNTAIN LIMITED — Capital/Financing Update 2021

Jun 22, 2021

23 June 2021

Lin Kang ASX Compliance Pty Limited 20 Bridge Street SYDNEY NSW 2000

By email: tradinghaltsydney@asx.com.au

Dear Lin

Update of Voluntary Suspension

We refer to the voluntary suspension granted to Gold Mountain Limited ( the Company ) on 20 June 2021.

In accordance with ASX Listing Rule 17.2, the Company requests for an extension of voluntary suspension of its securities from commencement of trading on Wednesday 23 June 2021.

The Company provides the following information for the purposes of Listing Rule 17.2:

• the extension of voluntary suspension is requested to allow the Board the required time to undertake an accelerated capital raising that involves a pro rata issue of securities to all shareholders;

• the voluntary trading suspension shall remain in place until the release of an announcement with detailed disclosure of the pro rata issue, expected at commencement of normal trading on Monday 28 June 2021.

Yours sincerely

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Eric Kam Company Secretary