MT MALCOLM MINES NL — Capital/Financing Update 2021

Sep 7, 2021

STATEMENT OF CONFIRMATIONS

Mt Malcolm Mines NL (ACN 646 466 435) ( Company ) confirms that the public offer under the Company’s prospectus dated 2 August 2021, as supplemented by a supplementary prospectus dated 19 August 2021 ( Prospectus ) has been completed and the Company has issued 40,000,000 Shares under the Offer to raise $8,000,000.

Capitalised terms set out in this announcement have the same meaning as set out in the Prospectus.

The Company also confirms the following:

1. The Company has completed the issue of 2,515,560 Advisor Options.

2. The following securities are subject to ASX imposed escrow:

Security	Number	Restriction Period
Shares	22,576,000	Expiring 24 months from the date of quotation
Shares	7,725,001	Expiring 12 months from 23 December 2020
Shares	4,850,000	Expiring 12 months from 24 February 2021
Shares	125,000	Expiring 12 months from 25 February 2021
Shares	3,575,000	Expiring 12 months from 4 June 2021
Options	8,515,560	Expiring 24 months from the date of quotation

1. Set out below is the Company’s capital structure:

Security	Number
Shares on issue at date of Prospectus	43,852,001
Shares issued pursuant to the Offer	40,000,000
Total Shares on issue	83,852,001

Security	Number
Director Options exercisable at $0.30 on or before the date that is 4 years following the date that the Company is admitted to the Official List	6,000,000
Advisor Options exercisable at $0.30 on or before the date that is 3 years following the date that the Company is admitted to the Official List	2,515,560
Total Options on issue	8,515,560

1. The Company confirms there are no legal, regulatory, statutory or contractual impediments to the Company entering and carrying out exploration activities on its granted tenements the subject of the commitments as disclosed in the Prospectus.

2. The Company confirms that all cash payments described in Section 9 of the Prospectus have been made and that the Acquisition Agreements described in section 9.2 of the Prospectus have completed.

For further information, please contact:

Henko Vos Company Secretary +61 8 6244 6617 info@mtmalcolm.com.au

Authorised for release by the board of Mt Malcolm Mines NL