MARITANA MINERALS LIMITED — Share Issue/Capital Change 2017

May 31, 2017

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ASX/Media Release

Dated: 1 June 2017

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ASX CODE IRC, IRCO, IRCOA

SHARE PRICE $0.94

SHARES ON ISSUE 200.5M

OPTIONS (IRCO) 16.3M ($0.075)

OPTIONS (IRCOA) 20.5M ($0.17)

OPTIONS (UNLISTED) 5.0M ($0.075) 1.75M ($0.125)

Option Expiry Notice

Intermin Resources Limited (ASX: IRC) (“Intermin” or “the Company”) advises that the attached Option Expiry Notice has been mailed to Optionholders.

Yours sincerely

Bianca Taveira

MARKET CAP ~18.85M (undiluted)

Company Secretary

BOARD Peter Bilbe Chairman

Peter Hunt Non-Executive Director

Jon Price Managing Director

Lorry Hughes Executive Director

COMPANY SECRETARY

Bianca Taveira

INVESTOR/MEDIA ENQUIRIES

Jon Price Lorry Hughes

KEY GOLD PROJECTS Teal Goongarrie Anthill Peyes Farm Windanya Blister Dam Kanowna North Yarmony Black Flag Olympia WEBSITE www.intermin.com.au

Head Office: 163 Stirling Highway Nedlands Postal: PO Box 1104, Nedlands WA 6909 T: +61 8 9386 9534 | F: +61 8 9389 1597 | E: iadmin@intermin.com.au | W: www.intermin.com.au

ACN 007 761 186 ABN 88 007 761 186

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ACN 007 761 186 ABN 88 007 761 186

31 May 2017

Dear Option Holder

YOUR OPTIONS TO ACQUIRE INTERMIN RESOURCES LIMITED SHARES AT $0.075 PER SHARE EXPIRE ON 30 JUNE 2017

We are writing to you as a registered holder of 30 June 2017 options in INTERMIN RESOURCES LIMITED to remind you that the options will expire at 5:00pm (WST) on 30 June 2017.

Your option holding may be exercised in whole or in part by payment of $0.075 for each option by no later than 30 June 2017. If payment is not received by 5:00pm (WST) on 30 June 2017 the options will lapse and all rights under the options will cease at that time.

Some of the courses of action available to you as a holder of these soon to expire options are:

• a) Exercise the options on or before 30 June 2017.

• b) Sell your options. Quotation of the options will cease at the close of trading on 24 June 2017.

• c) Do nothing (ie, allow your options to expire). If you do not exercise or sell your options they will expire on 30 June 2017 and your right to subscribe for ordinary shares in INTERMIN RESOURCES LIMITED at $0.075 per share will lapse.

There is no obligation on option holders to exercise their options. However, under paragraph 6.1 of Appendix 6A of the Australian Securities Exchange ( ASX ) Listing Rules, the Company is required to advise option holders of the information contained in this notice.

The market sale price of ordinary shares in INTERMIN RESOURCES LIMITED on ASX was 9.4 cents on 30 May 2017, being the last trading day in Perth prior to the date of this notice.

During the three (3) months preceding the date of this notice:

• the highest market sale price of ordinary shares on ASX was 14 cents on 15 March 2017; and

• the lowest market sale price of ordinary shares on ASX was 9 cents on 27 February 2017.

If you wish to exercise your options then you must complete your “Notice of Exercise of Options” form on the reverse of this notice and forward it together with payment of $0.075 per option exercised to be received no later than 5:00pm (WST) on 30 June 2017 to the Company, being:

by Post: by Hand delivery: by Email: Intermin Resources Ltd PO Box 1104 OR 159 Stirling Highway OR iadmin@intermin.com.au NEDLANDS WA 6909 NEDLANDS WA 6009

Cheques should be made payable to “INTERMIN RESOURCES LIMITED” in Australian dollars only and should be crossed “Not negotiable”.

If you have any further questions please do not hesitate to contact me on telephone (08) 9386 4699, facsimile (08) 9386 9473, or e-mail iadmin@intermin.com.au.

Yours faithfully

Bianca Taveira

COMPANY SECRETARY

163-167 Stirling Highway NEDLANDS WA 6009

PO Box 1104 NEDLANDS WA 6909

Telephone +61 8 9386 9534 or 4699 | Facsimile +61 8 9386 9473 | Email iadmin@intermin.com.au

For all enquiries: Intermin Resources Ltd Company Secretary: Bianca Taveira Director Phone: 08 9386 4699

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ACN 007 761 186 ABN 88 007 761 186

Computershare (Perth) Phone: 08 9323 2000

IRC

Holder Number: (number)

O tion Ex ir Notice p p y

 Options exercisable at $0.075 expiring at 5:00pm (WST) on 30 June 2017

This is an important document that requires your immediate attention. It can only be used in relation to the Optionholding represented by the details printed below. If you are in doubt about how to deal with this form, please contact your financial or other professional adviser. You are reminded that the Options to subscribe for Fully Paid Ordinary Shares in the capital of Intermin Resources Limited registered in your name expire at 5:00pm (WST) on 30 June 2017. These Options are exercisable wholly or in part by the payment of $0.075 for each Option exercised. Payment must be received at the address below by 5:00pm (WST) on 30 June 2017. For every one Option exercised, the Optionholder will be issued one Fully Paid Ordinary Share in the capital of Intermin Resources Limited. Quotation of the Options ends at close of trading on 26 June 2017. Options not exercised by 5:00pm (WST) on 30 June 2017 will lapse.

 Offer Details

Number of Options (ASX Code: IRCO) held

Amount payable on full exercise of Options at $0.075 per Option

Number of Fully Paid Ordinary shares to be issued on full exercise

 Make Your Payment

Pay by Mail

All cheques or money orders (expressed in Australian currency) are to be made payable to “ Intermin Resources Limited ” and crossed “ Not Negotiable ”.

Do not forward cash as receipts will not be issued. Sufficient cleared funds should be held in your account as your acceptance may be rejected if your cheque is dishonoured. Cheques or money orders drawn on overseas banks in Australian or any foreign currency will NOT be accepted. Any such cheques will be returned and the acceptance deemed to be invalid.

Return your cheque or money order with completed Option Expiry Notice to:

Intermin Resources Ltd PO Box 1104 Nedlands WA 6909

Pay by Electronic Transfer

Account Name: Intermin Resources Ltd BSB: 086-131

Account Number: 65-681-6483 Reference: Holder Name *Email this completed Notice and receipt to iadmin@intermin.com.au

Applicants should be aware of their financial institution’s cut-off time (the time payment must be made to be processed overnight) and ensure payment is processed by their financial institution on or before the day prior to the expiry date. Electronic Transfer applications will only be regarded as accepted if payment is received by the Company or registry from your financial institution on or prior to the expiry date. It is the Applicant’s responsibility to ensure funds are received by the expiry date.

 Exercise Payment Details

I/We the above named being the registered holder of Options hereby exercise such Options to subscribe for:

Number of Options exercised

Amount enclosed at $0.075 per Option exercised

A$ .

Payment must be received by 5:00pm (WST) on 30 June 2017

I/We hereby authorise you to place my/our name(s) on the register of members in respect of the number of New Shares allotted to me/us, and I/we agree to accept such Shares subject to the Rules of the Constitution of the Company.

My Contact details are in case of enquiries:

Name Daytime Phone

Email

 Signature(s)

Individual or Securityholder 1 Securityholder 2 Securityholder 3

Sole Director & Company Secretary

Director/Company Secretary

Director