MIRAMAR RESOURCES LIMITED — Capital/Financing Update 2023

Aug 15, 2023

ASX: M2R | 16 August 2023

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UPDATED CAPITAL STRUCTURE

Miramar Resources Limited (ASX:M2R , “Miramar” or “the Company”) is pleased to advise that following the announcement made on 21 June 2023 and shareholder approval received on 10 August 2023, the issue of shares for the Tranche 2 ( T2 ) Placement, and the issue of the broker options is completed.

The Company’s updated capital structure is as follow:

Description	No of securities
Ordinaryfully paid shares	148,869,544
Listed Options exercisable at$0.25 on or before 18 July2024	59,746,076
Unlisted Options exercisable at$0.25 on or before 9 October 2023	6,000,000
Unlisted Options exercisable at$0.25 on or before 6 March 2024	200,000
Unlisted Options exercisable at$0.07 on or before 15 June 2025	250,000
Unlisted Options exercisable at$0.20 on or before 26 June 2025	3,000,000
Unlisted Options exercisable at$0.27 on or before 3 November 2025	1,500,000
Unlisted Options exercisable at$0.08 on or before 16 August 2026	25,000,000
Performance Rights expiring30 June 2025	1,046,513

An Appendix 2A was lodged with ASX in relation to the quotation of the shares, and an Appendix 3G was lodged with ASX in relation to the issue of the unlisted options.

Cleansing Notice

under Section 708A(5) of the Corporations Act 2001 (Cth)

This notice is given by Miramar Resources Limited (ASX: M2R) as required under section 708(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

The Company advises that it issued 37,942,739 fully paid ordinary shares ( New Shares ) at an issue price of $0.03 per New Share to a director, and sophisticated and professional investors in relation to the placement announced on 21 June 2023 ( Placement ). The issue of shares is detailed in the Appendix 2A lodged with ASX on 16 August 2023.

The Corporations Act restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 and 708A of the Corporations Act. By the Company giving this notice, the shares issued pursuant to the participation in the Placement will fall within the exemption in section 708A(5) of the Corporations Act. As such, the Company confirms that the Placement was made without a disclosure document.

In accordance with section 708A(5)(e) of the Corporations Act, the Company confirms that as at the date of this notice:

• (1) the New Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (2) this notice is being given under section 708A(5)(e) of the Corporations Act;

• (3) the Company has complied with the provision of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act; and

• (4) there is no information that is ‘excluded information’ (within the meaning of sections 708A(7) and 708A(8) of the Corporations Act) to be disclosed under section 708A(6)(e) of the Corporations Act.

This announcement has been authorised for release by Mrs Mindy Ku, Company Secretary, on behalf of the Board of Miramar Resources Limited.

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

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