MIDAS MINERALS LTD — Capital/Financing Update 2023

Sep 6, 2023

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

MIDAS MINERALS LTD

Announcement Type

New announcement

Date of this announcement

Thursday September 07, 2023

The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

+Restricted securities where the escrow period has expired or is about to expire

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
MM1	ORDINARY FULLY PAID	9,539,009	07/09/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 6

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

MIDAS MINERALS LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 33625128770

1.3 ASX issuer code

MM1

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

7/9/2023

Application for quotation of +securities

2 / 6

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

+Restricted securities where the escrow period has expired or is about to expire

2.2 The +securities to be quoted are:

==> picture [8 x 9] intentionally omitted <==

Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

3 / 6

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class as a result of escrow expiring on an existing class

FROM (Existing Class) ASX +security code and description MM1AD : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description MM1 : ORDINARY FULLY PAID

Please state the number of +restricted securities where the escrow period And the date the escrow restrictions has expired or is about to expire have ceased or will cease 9,539,009 7/9/2023

Issue date

7/9/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

==> picture [9 x 9] intentionally omitted <==

Yes

Application for quotation of +securities

4 / 6

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted

9,539,009

Are the +securities being issued for a cash consideration?

Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.20000000

Any other information the entity wishes to provide about the +securities to be quoted

Shares originally issued at various prices (including nil cash consideration) between 2018 and 2021. IPO quotation date was 7 September 2021 and IPO issue price was $0.20 per share.

Application for quotation of +securities

5 / 6

Application for quotation of +securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	lication for quotation/issuance currently with ASX for processing.)Quoted +securities (total number of each +class of +securities quoted on ASX following the +qcurities subject of this application)	lication for quotation/issuance currently with ASX for processing.)Quoted +securities (total number of each +class of +securities quoted on ASX following the +qcurities subject of this application)
ASMM4.2ASMMMMMMMMMMMM	X +security code and description+se1 : ORDINARY FULLY PAIDUnquoted +securities (total number of each +class of +securities issued but not quoted on ASXX +security code and description+se1AI : PERFORMANCE RIGHTS1AE : OPTION EXPIRING 29-MAR-2024 RESTRICTED1AF : OPTION EXPIRING 29-MAR-2024 EX $0.201AG : OPTION EXPIRING 07-SEP-2024 RESTRICTED1AD : ORDINARY FULLY PAID RESTRICTED1AH : PERFORMANCE RIGHTS	Total number ofcurities on issue86,547,246)Total number ofcurities on issue2,400,000400,000200,0003,000,00005,000,000

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Application for quotation of +securities

6 / 6