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MIDAS MINERALS LTD Capital/Financing Update 2023

Aug 29, 2023

65345_rns_2023-08-29_3cddc6aa-244f-479f-9a12-990fef04a3a3.pdf

Capital/Financing Update

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ASX / MEDIA ANNOUNCEMENT 30 August 2023

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RESTRICTED SECURITIES TO BE RELEASED FROM ESCROW

Midas Minerals Ltd ( ASX: MM1 ) advises pursuant to Listing Rule 3.10A that the following restricted securities will be released from escrow on 7 September 2023:

ASX Code Security Description Number
MM1 Fully paid ordinary shares 9,539,009
MM1AG Unquoted options with an exercise price of $0.25 each and expiring on7 September 2024 3,000,000
MM1AE Unquoted options with an exercise price of $0.20 each and expiring on29 March 2024 400,000

The Company will apply to ASX for quotation of the shares when released pursuant to ASX Listing Rule 2.8.5.

The Board of Midas Minerals Limited authorised this release.

For more information:

Mark Calderwood Nathan Ryan Managing Director Media / Investor Relations E: [email protected] E: [email protected]

LEGAL*58475620.1 Midas Minerals Limited | Level 2, 8 Richardson Street, West Perth WA 6005 P: +61 8 6383 6595 | E: [email protected] www.midasminerals.com