MIRAMAR RESOURCES LIMITED — Capital/Financing Update 2022

Jun 14, 2022

ASX: M2R | 14 June 2022

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OPTIONS RIGHTS ISSUE

• Non-renounceable options rights issue at $0.01 per Option fully underwritten by PAC Partners Securities Pty Ltd

• Quotation of the Options will occur on Thursday, 14 July 2022

• Eligible shareholders can download personalised Entitlement Offer application form from the share registry, Automic

• Payment for Options can only be made using BPAY®

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

Miramar Resources Limited (ASX:M2R , “Miramar” or “the Company”) is pleased to advise that it is undertaking a fully underwritten pro-rata non-renounceable rights issue of options on the basis of one (1) new option ( Option ) for every two (2) fully paid ordinary shares ( Shares ) held by Eligible Shareholders (defined below) at an issue price of $0.01 per Option to raise up to $353,409(before costs) ( Entitlement Offer ). The Entitlement Offer is fully underwritten and the Company has engaged PAC Partners Securities Limited ( PAC ) to act as lead manager and underwriter to the Entitlement Offer.

Funds raised from the Entitlement Offer will be allocated to fund the accelerated exploration at the Gidji Joint Venture Project ( Gidji JV ), to undertake further exploration at the projects located in the Eastern Goldfields, Murchison and Gascoyne regions of Western Australia and to fund the working capital of the Company.

The Entitlement Offer is available to all shareholders of the Company ( Shareholders ) named on its register of members at 5:00pm (AWST) on Monday, 20 June 2022, whose registered address is in Australia, or New Zealand ( Eligible Shareholders ). The Entitlement Offer is not being extended to any Shareholders with registered addresses outside these jurisdictions.

The Options offered under the Prospectus will be issued on the terms and conditions set out in the Prospectus. The Company will apply to have the Options quoted and tradeable on the ASX.

The Entitlement Offer details are set out in the Prospectus available to be downloaded from www.miramarresources.com.au.

The key dates for the Entitlement Offer are as follows:

Event	Date*
Lodgement of Prospectus with the ASIC	Tue,14 June 2022
Lodgement of Prospectus and Appendix 3B with ASX	Tue,14 June 2022
Ex-date	Fri,17 June 2022
Record Date for determiningEntitlements	Mon,20 June 2022
Entitlement Offer opening date, Prospectus sent out to Shareholders and	Thu, 23 June 2022
Companyannounces this has been completed
Last dayto extend the ClosingDate for the Entitlement Offer	Wed,29 June 2022
ClosingDate of Offers as at 5:00pm******	Mon,4 July2022
Optionsquoted on a deferred settlement basis	Tue,5 July2022
ASX and Underwriter notified of under subscriptions	Thu,7 July2022

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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Event	Date*
Underwriter subscribes for Shortfall under terms of UnderwritingAgreement	Fri,8 July2022
Issue date and lodgement of Appendix 2A with	Mon, 11 July 2022
ASX applyingforquotation of the Options
Quotation of Options issued under the Entitlement Offer*******	Thu,14 July2022

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 Options are expected to commence trading on ASX may vary.

Placement Option Offer

Furthermore, the Company will offer up to 12,825,658 Options under the Prospectus to participants in the Placement and to the Lead Manager. Further details are set out in the Prospectus available to be downloaded from www.miramarresrouces.com.au.

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 14 June 2022

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