GREAT SOUTHERN MINING LIMITED — Capital/Financing Update 2021

Dec 21, 2021

ASX: GSN

ASX ANNOUNCEMENT 22 December 2021

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Cleansing Notice

Further to the ASX announcement of 13 December 2021, Great Southern Mining Limited ( GSN or the Company ) provides the following information pursuant to Section 708A(5) of the Corporations Act 2001 (Cth) (the Act ).

On 13 December 2021 the Company announced a capital raising to a number of professional and sophisticated investors.

The Company has today issued the following quoted securities:

• 26,666,666 Fully Paid Ordinary Shares at $0.06 per Share utilising the Company’s placement capacity under Listing Rule 7.1A; and

• 13,333,345 Listed Options (GSNOA) exercisable at $0.05 each, on or before 4 September 2022.

The Securities were issued without disclosure to investors under Section 708A(5) of the Act.

In accordance with Section 708A(6) of the Act, the Company gives notice under paragraph 708A(5)(e) that:

• (1) The Securities were issued without disclosure to investors under Part 6D.2 of the Act;

• (2) This notice is given by the Company under section 708A(5)(e) of the Act;

• (3) As at the date of this notice, the Company has complied with:

  • a. The provisions of Chapter 2M of the Act as they apply to the Company; and

  • b. Section 674 of the Act; and

• (4) As at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and s708(8) of the Act that is required to be set out in this notice.

An Appendix 2A with respect to the issue of the Securities is attached.

Authorised for release by:

Mark Petricevic

Company Secretary

Suite 4, 213 Balcatta Road, Balcatta, WA 6021 Australia T (08) 9240 4111 E admin@gsml.com.au

www.gsml.com.au ACN: 148 168 825 ABN: 37 148 168 825