MARMOTA LIMITED — Share Issue/Capital Change 2021

Nov 14, 2021

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15 November 2021

The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

Placement of Shares Notice under section 708A (5)(e) of the Corporations Act 2001 (Cth)

On 15 November 2021, Marmota Limited (ASX:MEU) issued 9,547,626 fully paid ordinary shares ( Issue ) to Tyranna Resources Ltd to satisfy the $500,000 share component of the consideration paid by Marmota to Tyranna Resources Ltd for the Jumbuck Gold Project pursuant to the Share and Sale Agreement (ASX:MEU 30 Nov 2020) – such shares to be issued at completion. The shares issued have a value of A$500,000 calculated at a share price of approximately 5.237 cents per share. An Appendix 2A with respect to the Issue has separately been released.

The Company relies on section 708A of the Corporations Act 2001 (Cth) ( the Act ) in relation to the Issue. In accordance with section 708A(5)(e) of the Act, the following information is provided:

1. This notice is being given within five (5) business days after the day of Issue;

2. The Issue was made without disclosure to investors under Part 6D.2 of the Act;

3. This notice is given under section 708A(5)(e) of the Act;

4. As at the date of this notice, Marmota has complied with the provisions of Chapter 2M of the Act as they apply to Marmota and section 674 and 674A of the Act; and

5. As at the date of this notice, there is no excluded information to be provided in accordance with section 708A(6)(e) of the Act.

Yours faithfully

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Lisa Askham-Levy

Company Secretary

Marmota Limited PO Box 117 Glenelg SA 5045 P (08) 8294 0899 ABN 38 119 270 816 www.marmota.com.au