JUPITER MINES LIMITED. — Board/Management Information 2021

Nov 30, 2021

ASX: JMS

JUPITER BOARD AND STRATEGY UPDATE

1 December 2021

ABN 51 105 991 740

Registered Office Level 10 16 St Georges Terrace Perth WA 6000

T +61 8 9346 5500 E investorrelations@ jupitermines.com www.jupitermines.com

Directors & Officers

Peter North Yeongjin Heo Scott Winter Patrick Murphy Brian Beem (alternate to Patrick Murphy) Melissa North

Issued Capital Ordinary shares: 1,958,991,033

Primary Asset World class Tshipi Manganese Mine

Jupiter Mines Limited (ASX.JMS) ( Jupiter or the Company ) provides the below general update to shareholders on its recent changes and plans going forward.

Hans Mende, shareholder representative of AMCI Group LLC ( AMCI ), has stepped down as a Director of the Company, to be replaced by AMCI’s Managing Director of Australia, Patrick Murphy. As an owner of AMCI, and a longstanding shareholder in the Company, Hans assures the Board that he remains committed to Jupiter’s continued success. Jupiter thanks Hans for his contribution to the Board. Patrick is a Managing Director of AMCI based in Sydney and an experienced mining professional, having spent over 14 years with AMCI and Macquarie. Patrick is skilled in deploying capital in raw materials and mining industries, and in identifying and executing value enhancing initiatives.

Jupiter has appointed Scott Winter and Brian Beem as its nominees to the Board of Tshipi é Ntle Manganese Mining Pty Ltd ( Tshipi ), with Peter North and Patrick Murphy as their alternates, respectively.

Jupiter is committed to growing shareholder value and has been actively reviewing the Company’s strategy while initiating a robust search process with Korn Ferry to appoint a new Chair and Chief Executive Officer. Jupiter’s strategy will continue to prioritise maximising value and cash returns from its participation in the world class Tshipi operation, while evaluating attractive opportunities to grow and diversify. Jupiter will engage with shareholders in more detail on its refreshed strategy and team as these key hires are made.

This announcement has been authorised for release by the Board of Jupiter Mines Limited.