MOUNT RIDLEY MINES LIMITED — Share Issue/Capital Change 2021

Dec 28, 2021

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ASX ANNOUNCEMENT

28 December 2021

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Mount Ridley Mines Limited (“the Company”) pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Corporations Act”).

The Company has issued the following securities:

• 39,245,532 Fully paid ordinary shares pursuant to July 2021 Lead Manager Mandate; and

• 26,166,185 Fully paid ordinary shares pursuant to September 2021 Lead Manager Mandate.

In accordance with section 708A(5)(e) of the Corporations Act, the Company gives notice that:

1. the Company issued the Securities without disclosure under part 6D.2 of the Corporations Act

2. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act; and

3. as at the date of this notice, there is no “excluded information” (as defined in subsection 708A(7) of the Corporations Act) which is required to be disclosed by the Company.

For and on behalf of the Board

Peter Christie Chairman +61 8 6165 8858

Johnathon Busing Company Secretary +61 8 6165 8858

Ground Floor 168 Stirling Hwy Nedlands WA

www.mtridleymines.com.au johnathon.busing@mtridleymines.com.au +61 8 6165 8858

ASX: MRD Mount Ridley Mines Limited ABN 93 092 304 964