LEGEND MINING LIMITED — Capital/Financing Update 2023

May 7, 2023

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8 May 2023

ASX Announcements Platform Bridge Street Sydney NSW 2001

LEGEND MINING LIMITED –

CLEANSING NOTICE - s708A(5)(e) of the Corporations Act 2001

Legend Mining Limited (ASX: LEG) ( the “Company” ) is pleased to confirm that on 8 May 2023 it has issued 146,341,464 fully paid ordinary shares ( Shares ) at $0.041 per Share pursuant to a placement to professional and sophisticated investors ( Placement Shares ), as announced to ASX on 1 May 2023. The Placement Shares are being issued out of the Company’s existing 15% capacity under ASX Listing Rule 7.1.

In accordance with s708A(5)(e) of the Corporations Act 2001 (Act) the Company provides notice to ASX that:

• (a) the Company issued the Placement Shares without disclosures to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act, as they apply to the Company and section 674 of the Act; and

• (c) as at the date of this notice, there is no information:

  • (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

    • (a) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (b) the rights and liabilities attaching to the Placement Shares.

Authorised for release by the Board of Legend Mining Limited.

Yours faithfully

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Tony Walsh Company Secretary Legend Mining Limited

Level 1 | 8 Kings Park Road, West Perth WA 6005 PO Box 626, West Perth WA 6872 Phone: +61 8 9212 0600 Website: legendmining.com.au