MOHO RESOURCES LIMITED — Capital/Financing Update 2020

Jul 29, 2020

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

MOHO RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday July 30, 2020

The Proposed issue is:

==> picture [8 x 8] intentionally omitted <==

An offer of securities under a securities purchase plan

Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan

Maximum Number of ASX +security code +Security description +securities to be issued MOH ORDINARY FULLY PAID 18,399,604

+Record date

Wednesday July 29, 2020

Offer closing date

Friday August 28, 2020

+Issue date

Tuesday September 8, 2020

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of +Entity

MOHO RESOURCES LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

Registration Number

ABN 81156217971

1.3 ASX issuer code

MOH

1.4 The announcement is

==> picture [8 x 9] intentionally omitted <==

New announcement

1.5 Date of this announcement

Thursday July 30, 2020

1.6 The Proposed issue is:

==> picture [8 x 8] intentionally omitted <==

An offer of +securities under a +securities purchase plan

Proposed issue of securities

2 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

4A.1 - Are any of the following approvals required for the offer of +securities under the +securities purchase plan issue to be unconditional?

+Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity

==> picture [8 x 8] intentionally omitted <==

No

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description

MOH : ORDINARY FULLY PAID Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

MOH : ORDINARY FULLY PAID

Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 18,399,604

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? No

Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)? No

Proposed issue of securities

3 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? Yes

Is the minimum acceptance unit based or dollar based? Dollar based ($)

Please enter the minimum acceptance value

$ 2,000

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? Yes

Is the maximum acceptance unit based or dollar based? Dollar based ($)

Please enter the maximum acceptance value

$ 30,000

Describe all the applicable parcels available for this offer in number of securities or dollar value

The SPP allows eligible holders to subscribe for one of the following parcels: $2,000, $5,000, $10,000, $15,000, $20,000, $25,000 and $30,000

Offer price details

Has the offer price been determined?

==> picture [8 x 8] intentionally omitted <==

Yes

In what currency will the offer What is the offer price per be made? +security? AUD - Australian Dollar AUD 0.13000

Oversubscription & Scale back details

Will a scale back be applied if the offer is over-subscribed? Yes

Describe the scale back arrangements

The Company reserves the right, in their absolute discretion, to reject or scale back applications (on an equitable basis). If the Company rejects or scales-back an application, the Company will promptly return to the shareholder the relevant application monies, without interest.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 4C - Timetable

Proposed issue of securities

4 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

4C.1 Date of announcement of +security purchase plan

Thursday July 30, 2020

4C.2 +Record date

Wednesday July 29, 2020

4C.3 Date on which offer documents will be made available to investors

Friday August 7, 2020

4C.4 Offer open date

Friday August 7, 2020

4C.5 Offer closing date

Friday August 28, 2020

4C.6 Announcement of results

Wednesday September 2, 2020

4C.7 +Issue date

Tuesday September 8, 2020

Part 4D - Listing Rule requirements

4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? Yes

Part 4E - Fees and expenses

4E.1 Will there be a lead manager or broker to the proposed offer? No

4E.2 Is the proposed offer to be underwritten? No

4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?

==> picture [8 x 9] intentionally omitted <==

No

Proposed issue of securities

5 / 6

Proposed issue of securities

==> picture [21 x 22] intentionally omitted <==

4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Part 4F - Further Information

4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue

Advancing exploration and development at the East Sampson Dam prospect. Funds will also be applied to advance gold exploration at the Company's Burracoppin Project and the Empress Springs Project near Croydon in Queensland

4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? No

4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer The Offer will only be made available to security holders in Australia and New Zealand.

4F.3 URL on the entity's website where investors can download information about the proposed offer https://www.mohoresources.com.au/asxreleases/q32020

4F.4 Any other information the entity wishes to provide about the proposed offer

Refer to ASX announcement dated 30 July 2020

Proposed issue of securities

6 / 6