GOLD MOUNTAIN LIMITED — Share Issue/Capital Change 2021

May 27, 2021

(ASX: GMN) ASX RELEASE

28 May 2021

Lapse of Unlisted Options

Gold Mountain Limited ( GMN or Company ) advises that 7,138,461 Unlisted Options (Code: GMNAC) over fully paid ordinary shares in the Company (exercise price $0.15, expiry 27 May 2021) have lapsed in accordance with the terms of the option.

Below is a summary of the Company’s quoted and unquoted securities on 28 May 2021 following the lapse of options referred to above.

	NumberClassExercise priceQuoted Securities767,724,924Ordinary shares (GMN)N/AUnquoted Securities2,000,00026/7/2021 options (GMNAD)$0.157,800,00026/7/2021 ESOP options (GMNAE)$0.155,911,9243/7/2021 options (GMNAC)$0.10	NumberClassExercise priceQuoted Securities767,724,924Ordinary shares (GMN)N/AUnquoted Securities2,000,00026/7/2021 options (GMNAD)$0.157,800,00026/7/2021 ESOP options (GMNAE)$0.155,911,9243/7/2021 options (GMNAC)$0.10	NumberClassExercise priceQuoted Securities767,724,924Ordinary shares (GMN)N/AUnquoted Securities2,000,00026/7/2021 options (GMNAD)$0.157,800,00026/7/2021 ESOP options (GMNAE)$0.155,911,9243/7/2021 options (GMNAC)$0.10	NumberClassExercise priceQuoted Securities767,724,924Ordinary shares (GMN)N/AUnquoted Securities2,000,00026/7/2021 options (GMNAD)$0.157,800,00026/7/2021 ESOP options (GMNAE)$0.155,911,9243/7/2021 options (GMNAC)$0.10	NumberClassExercise priceQuoted Securities767,724,924Ordinary shares (GMN)N/AUnquoted Securities2,000,00026/7/2021 options (GMNAD)$0.157,800,00026/7/2021 ESOP options (GMNAE)$0.155,911,9243/7/2021 options (GMNAC)$0.10
	9,866,66928566166673/	/8/2021 options (GMNAC)2/2021 otions (GMNAC)	$0 $	.1515
	,, 12,911,53916	p/3/2022 options (GMNAC)	$0	..15
	23,411,9243/	7/2022 options (GMNAC)	$0	.15
	8,666,1545/111315395/	6/2021 options (GMNAF)6/2022 otions (GMNAG)	$0$	.1015
	,, 39,000,0008/	p10/2022 Promoter Option	s (GMNAR)$0	..15
	11,000,00031	/12/2022 Promoter Option	s (GMNAS)$0	.15
	20,000,00031/12/2025 Performance Options (GMNAT)$0.15

For and on behalf of the Board

Eric Kam Company Secretary