MIRAMAR RESOURCES LIMITED — Capital/Financing Update 2022

Jun 22, 2022

ASX: M2R | 23 June 2022

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OPTIONS RIGHTS ISSUE OPEN

• Non-renounceable options rights issue to raise up to $353,409 is now open

• Issue price of $0.01 per New Option

• Rights issue will close at 5pm (AWST) on Monday, 4 July 2022

As previously announced on 15 June 2022, Miramar Resources Limited (ASX:M2R , “Miramar” or “the Company”) is seeking to raise $353,409 (before costs) through a pro-rata non-renounceable rights issue of options on the basis of one (1) new option ( New Option ) for every two (2) fully paid ordinary shares ( Shares ) held by eligible shareholders at an issue price of $0.01 per Option ( Entitlement Offer ).

As announced on 20 June 2022, PAC Partners Securities Limited terminated the underwriting agreement for underwriting services to the Entitlement Offer. Notwithstanding the termination of the underwriting agreement, the Company has proceeded with the Entitlement Offer and lodged a prospectus with the ASIC on 20 June 2022 ( Replacement Prospectus ) to replace the original prospectus lodged with the ASIC on 14 June 2022 ( Original Prospectus ).

The Company is pleased to advise that the Entitlement Offer is now open. The Replacement Prospectus and the Entitlement and Acceptance Form was sent to Eligible Shareholders today.

The following timetable sets out the key indicative dates for the Entitlement Offer:

Event*Date*	Event*Date*	Event*Date*	Event*Date*	Event*Date*	Event*Date*
Lodgement of Original Prospectus with ASICTue,14 June 2022
Lodgement of Original Prospectus and Appendix 3B with ASXTue,14 June 2022
Ex-dateFri,17 June 2022
Record Date for determiningEntitlementsMon,20 June 2022
Lodgement of the Replacement ProspectusMon,20 Jun 2022
Entitlement Offer opening date, Prospectus sent out to Shareholders andCompanyannounces this has been completedThu, 23 June 2022
	anyannounc	s this has been completed
Last	dayto extend t	he ClosingDate for the Entitle	ment Offer	Wed,29 June	2022
Closi					2022
	ngDate of Off	ers as at 5:00pm******		Mon,4 July
New	tit	dfd ttlt b	i	T5 Jl	2022
	ponsquoe	on a eerre seemen a	s	ue,uy
ASX	tifid f d	biti		Th7 Jl	2022
	noe o un	r suscrpons		u,uy
Issuethe N	d d ld	f Adi 2A ih A	X li f	i fM 11 Jl	2022
	ate an ogew Options	ement o ppenx wt appyng or quotaton oon, uy
Quotation of New Options issued under the Entitlement OfferTue,12 July2022
Closing Date of Shortfall OfferWithin 3 months fromthe date of theOriginal Prospectus

Note:

***** These dates are indicative only and are subject to change.

• ****** The Directors may extend the Closing Date for the Entitlement Offer by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. Accordingly, the date the New Options are expected to commence trading on ASX may vary.

ASX: M2R | ABN 34 635 359 965 | Unit 1, 22 Hardy Street, South Perth, Western Australia 6151 PO Box 810, South Perth WA 6951 | miramarresources.com.au | info@miramarresources.com.au | +61 (8) 6166 6302

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For more information on Miramar Resources Limited, please visit the company’s website at www.miramarresources.com.au, follow the company on social media on social media (Twitter @MiramarRes and LinkedIn @Miramar Resources Ltd) or contact:

Allan Kelly Mindy Ku Executive Chairman Company Secretary

This announcement has been authorised for release by Mr Allan Kelly, Executive Chairman, on behalf of the Board of Miramar Resources Limited.

ASX Announcement 23 June 2022

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