KINGSROSE MINING LIMITED — Share Issue/Capital Change 2021

Nov 30, 2021

ASX Announcement 1 December 2021

Cleansing Notice

Kingsrose Mining Limited (ASX: KRM) (“Kingsrose” or the “Company”) wishes to advise that it issued 14,379,166 fully paid ordinary shares in the Company (“Shares”) on 29 November 2021 to the non-related sellers of Element-46 Limited (“E-46”) as partial consideration for the acquisition of 100% of the shares issued in E-46 as detailed in the previous announcements on 10 November 2021 and 29 November 2021.

In addition, the Company has today issued 2,100,00 Shares upon the conversion of Options and the vesting of Share Performance Rights.

For the purposes of section 708A(6) of the Corporations Act 2001 (Cth) (“Corporations Act”), Kingsrose gives notice that:

1. the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. this notice is being given under 708A(5)(e) of the Corporations Act;

3. as at the date of this notice the Company has complied with:

   • (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • (b) sections 674 and 674A of the Corporations Act; and

4. as at the date of this notice, there is no information that is “excluded information” within the meaning of sections 708A(8) and 708A(8) of the Corporations Act.

This announcement was authorised for release to the ASX by Fabian Baker, Kingsrose Mining Limited’s Managing Director.

For more information, please contact:

Fabian Baker Managing Director +61 8 9389 4494

Joanna Kiernan Company Secretary +61 8 9389 4494

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