MEDALLION METALS LIMITED. — Capital/Financing Update 2021

Nov 30, 2021

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1 December 2021

ASX:MM8

Notice under Section 708A(5)(e) of the Corporations Act

On 25 November 2021, Medallion Metals Limited (the “Company”) announced a placement of 24,674,833 ordinary shares under the Company’s existing ASX Listing Rule 7.1 capacity (the “Shares”), which was expected to occur on 1 December 2021. The Company advises today it has issued and allotted the Shares.

For the purposes sections 708A(5)(e)(i) and 708A(6) of the Corporations Act (Cth) (the “Corporations Act”), the Company hereby advises that:

1. the Shares have been issued without a 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:

4. a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; b) Section 674 of the Corporations Act; and

5. as at the date of this notice, there is no information to be disclosed in accordance with 708A(6)(e) of the Corporations Act that is “excluded information” within the meaning of 708A(7) and 708A(8) of the Corporations Act.

This announcement is authorised for release by the Company Secretary of Medallion Metals Limited.

-ENDS-

For further information, please visit the Company's website www.medallionmetals.com.au or contact:

Ben Larkin Company Secretary Medallion Metals Limited Phone: +61 8 6424 8700 Email: info@medallionmetals.com.au Suite 1, 11 Ventnor Avenue, West Perth WA 6005

S1/11 Ventnor Ave, West Perth WA 6005

ABN 89 609 225 023

Medallion Metals Limited

www.medallionmetals.com.au