JUPITER MINES LIMITED. — Share Issue/Capital Change 2019

May 13, 2019

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JUPITER MINES LIMITED

ABN 51 105 991 740 ASX: JMS

Announcement 14 May 2019

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

Tel: +61 8 9346 5500 Fax: +61 8 9481 5933 Email: info@jupitermines.com Website: www.jupitermines.com

Directors & Officers:

Brian Gilbertson Paul Murray Andrew Bell Priyank Thapliyal Yeongjin Heo Melissa North

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

Current Assets:

• World class Tshipi Manganese Mine

• Advanced Central Yilgarn Iron Ore Projects

RELEASE OF SECURITIES FROM ESCROW

In accordance with Listing Rule 3.10A, Jupiter Mines Limited (ASX: JMS) advises that on or about 31 May 2019, 298,804,046 fully paid ordinary shares will be released from voluntary escrow, upon release of the Company’s audited financial statements for the financial year ended 28 February 2019.

The shares have been subject to escrow since the Company’s admission to the official list of the ASX and are held by shareholders who sold down their holdings at the time of the Company’s initial public offering.

298,804,044 shares will remain in voluntary escrow until the Company releases its reviewed financial statements for the half financial year ending 31 August 2019, unless the escrow release condition is satisfied beforehand (please refer to the Company’s 2018 Annual Report released 31 May 2018 for details of the escrow release condition).

Please see below details of the escrowed shares:

Escrowed shareholder	No. of escrowedshares at IPO	No.ofescrowedshares to be released	No. of escrowedshares remaining
Pallinghurst Consolidated(Cayman)Limited	145,845,372	72,922,686	72,922,686
POSCO Australia GP PtyLtd	112,044,320	56,022,160	56,022,160
HJM Jupiter L.P.	98,263,429	49,131,715	49,131,714
FRK Jupiter L.P.	93,406,454	46,703,227	46,703,227
EMG Jupiter L.P.	85,446,062	42,723,031	42,723,031
POSCO Australia PtyLtd	22,948,152	11,474,076	11,474,076
Priyank Thapliyal	21,129,387	10,564,694	10,564,693
Red Rock Resourcesplc	18,524,914	9,262,457	9,262,457
Total	597,608,090	298,804,046	298,804,044

As per Jupiter’s ASX release on 15 April 2019, Pallinghurst Consolidated (Cayman) Limited have entered into a conditional agreement to sell its interests to AMCI Euro Holdings B.V. (represented in the above list by HJM Jupiter L.P. and FRK Jupiter L.P.) after each of the relevant escrow periods expire.

Yours sincerely

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Melissa North Company Secretary

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