GOLD MOUNTAIN LIMITED — Share Issue/Capital Change 2021

Mar 16, 2021

(ASX: GMN) ASX RELEASE

17 March 2021

Lapse of Unlisted Options

Gold Mountain Limited ( GMN or Company ) advises that 7,911,539 Unlisted Options (Code: GMNAC) over fully paid ordinary shares in the Company (exercise price $0.10, expiry 16 March 2021) have lapsed in accordance with the terms of the option.

Below is a summary of the Company’s quoted and unquoted securities on 17 March 2021 following the lapse of options referred to above.

Number	Class	Exercise price
Quoted Securities
743,762,424	Ordinary shares (GMN)	N/A
Unquoted Securities
2,000,000	26/7/2021 options (GMNAD)	$0.15
7,800,000	26/7/2021 ESOP options (GMNAE)	$0.15
5,911,924	3/7/2021 options (GMNAC)	$0.10
7,138,461	27/5/2021 options (GMNAC)	$0.15
9,866,669	28/8/2021 options (GMNAC)	$0.15
56,616,667	3/12/2021 options (GMNAC)	$0.15
12,911,539	16/3/2022 options (GMNAC)	$0.15
23,411,924	3/7/2022 options (GMNAC)	$0.15
8,666,154	5/6/2021 options (GMNAF)	$0.10
11,131,539	5/6/2022 options (GMNAG)	$0.15
39,000,000	8/10/2022 Promoter Options (GMNAR)	$0.15
11,000,000	31/12/2022 Promoter Options (GMNAS)	$0.15
20,000,000	31/12/2025 Performance Options (GMNAT)	$0.15

For and on behalf of the Board

Eric Kam Company Secretary