JUPITER MINES LIMITED. — Capital/Financing Update 2021

May 6, 2021

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JUPITER MINES LIMITED

ABN 51 105 991 740 ASX: JMS

Announcement 7 May 2021

Registered Office: Level 10 16 St Georges Terrace Perth WA 6000

Phone: +61 8 9346 5500 Email: investorrelations@ jupitermines.com Website:

JUPITER COMPLETES DEMERGER OF JUNO MINERALS LIMITED

Jupiter Mines Limited (“Jupiter”) (ASX: JMS) is pleased to announce that the demerger of Juno Minerals Limited (“Juno”) from Jupiter was implemented today, via the in-specie distribution of Juno shares to Jupiter shareholders.

Juno has also received conditional approval to be admitted to the Official List of the ASX, triggering completion of the demerger. Holding statements will be despatched on Tuesday 11 May.

The ASX listing of Juno is expected to take place on Friday 14 May.

For, and on behalf of the Board,

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Priyank Thapliyal Chief Executive Officer & Director

www.jupitermines.com

Directors & Officers:

Brian Gilbertson Paul Murray Andrew Bell Priyank Thapliyal Yeongjin Heo Hans Mende Brian Beem (alternate to Hans Mende)

Melissa North

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

Current Assets:

• World class Tshipi Manganese Mine

• Advanced Central Yilgarn Iron Ore Projects

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