MIDAS MINERALS LTD — Investor Presentation 2021

Oct 7, 2021

ASX / MEDIA ANNOUNCEMENT Friday 8 October 2021

==> picture [130 x 75] intentionally omitted <==

MIDAS MINERALS TO PRESENT AT VIRTUAL CONFERENCE

Midas Minerals Limited ( “ Midas ”, or the " Company ”) (ASX: MM1) will be presenting its latest investor presentation at the NWR Virtual Resources Series on Tuesday 12 October 2021 and is pleased to invite investors and interested parties to register to attend the virtual conference.

Presentation Time: 3.55pm AEST (12:55pm AWST), Tuesday 12 October 2021

Attend Online: Investors and interested parties can register for the presentation via the following link: https://us02web.zoom.us/webinar/register/WN_ZYdh_RyBSSWx2VNx4dUbNQ

Investors are invited to submit questions prior to the event to: nathan.ryan@nwrcommunications.com.au

More information can be found at: https://nwrresourcesconf.webflow.io

ENDS

This announcement is authorised for release by Nick Katris, Executive Director.

For more information:

Nick Katris Nathan Ryan Executive Director Media / Investor Relations E: info@midasminerals.com E: nathan.ryan@nwrcommunications.com.au

About Midas

Midas Minerals, which recently listed on the ASX, is a junior mineral exploration company based in Western Australia. The Board and management have an extensive experience and proven track record of significant gold discoveries and mine development.

The Company listed on the ASX on 7 September and is well funded, targeting exploration success resulting in the discovery of economic mineral deposits. The Company has three projects located in the Leinster, Leonora, and Mt Magnet areas of WA.

Midas Minerals Limited | Ground Floor, 24 Outram St, West Perth WA 6005 P: +61 8 6283 6595 | E: info@midasminerals.com www.midasminerals.com

==> picture [97 x 56] intentionally omitted <==

Project Background

Midas’ projects have limited prior exploration and known anomalous to significant mineralisation[1] . All projects are also located proximal to infrastructure and within 60km of mining towns and processing plants.

Midas will actively explore the projects on multiple fronts including;

• Geophysics, utilising existing open file and multiclient data and undertaking additional surveys to produce quality datasets;

• Geochemistry, utilising the appropriate sampling and assay techniques to identify drill targets; and

• Drilling to initially confirm and better define areas of known significant insitu mineralisation and later to test targets defined by geochemistry and geophysics.

  • Weebo Project – prospective for gold and nickel and located north of the Thunderbox mine within the prolific Yandal greenstone belt. The Company has the option to acquire tenements comprising 198km[2] . The project contains numerous gold prospects ranging from early stage to drill ready.

  • Challa Project – prospective for precious and base metals. The Company has acquired two granted exploration licences and three exploration licence applications comprising 858km[2 ] of tenure. The project contains significant gold, copper, silver, PGE mineralisation. Limited exploration has been undertaken in recent decades, the Company plans to complete geochemistry and airborne VTEM prior to drilling.

  • Sunset Project – prospective for granitoid hosted gold mineralisation. The Company has acquired one prospecting licence comprising 1.2km[2 ] of tenure. The project is drill ready.

==> picture [253 x 305] intentionally omitted <==

Figure 1: Project locations map

1 Refer to exploration results contained within the Midas Prospectus located on the ASX 3 September 2021 https://www2.asx.com.au/markets/company/mm1

2

www.midasminerals.com

ASX:MM1