GORILLA GOLD MINES LTD — Capital/Financing Update 2021

May 30, 2021

==> picture [80 x 77] intentionally omitted <==

==> picture [108 x 37] intentionally omitted <==

INDONESIAN GOLD ASSET EXCLUSIVITY PERIOD EXTENSION

Orminex Limited (‘ Orminex ’ or ‘ the Company ’; ASX: ONX) refers to the 19 August 2020 ASX announcement confirming the Company had executed a binding framework letter with PT Amman Mineral International ( ‘AMI’ ), in respect of progressing a transaction for the acquisition of economic interests in all or a substantial part of a significant epithermal gold project in Indonesia from AMI (or a related entity) ( ‘Transaction’ ).

To allow Orminex to continue to conduct appropriate due diligence on the project and progress negotiations with AMI, the Company and AMI have agreed to extend the exclusivity period from 30 May 2021 (refer ASX Announcement 26 November 2020) to 30 July 2021.

ASX ANNOUNCEMENT ASX Code: ONX

Investor enquiries:

31 May 2021

DIRECTORS & MANAGEMENT

Michael Foulds Non-Executive Director Dean Hely Non-Executive Director

Wayne McGrath Non-Executive Director Matthew Nixon Chief Operating Officer

Matthew Nixon Chief Operating Officer admin@orminex.com.au

This announcement has been authorised and approved for release by the Board of Orminex.

For more information, visit www.orminex.com.au

==> picture [35 x 28] intentionally omitted <==

Follow @Orminex on Twitter Follow Orminex Limited on LinkedIn

==> picture [37 x 33] intentionally omitted <==

Kelly Moore Company Secretary

Share Capital – 547,872,785

A: Suite 5, Level 1, 460 Roberts Road, SUBIACO WA 6008

P: PO Box 1473, SUBIACO WA 6904

PH: +61 8 6149 1550

e: admin@orminex.com.au www.orminex.com.au

ACN: 008 740 672 ABN: 45 008 740 672