ORA BANDA MINING LTD — Capital/Financing Update 2021

Jun 15, 2021

ASX Market Announcements Office Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000 Australia

ASX RELEASE

16 June 2021

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001 – CLEANSING STATEMENT

Ora Banda Mining Limited (ASX: OBM) ( Company ) provides notification under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ).

This is a cleansing statement relating to the issue of 123,575,252 fully paid ordinary shares in the capital of the Company ( Shares ) at an issue price of $0.17 per Share to professional and sophisticated investors under the placement announced on 8 June 2021. The Shares were issued without disclosure to investors under section 708A(5) of the Act on 16 June 2021.

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or section 708A of the Act. Through the release of this notice by the Company ( Notice a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act and they will be able to be traded immediately.

For the purposes of section 708A(6) of the Corporations Act, the Company gives notice that:

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

• (b) this Notice is being given under section 708A(5)(e) of the Act;

• (c) as at the date of this Notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

  • (ii) section 674 of the Act; and

• (d) as at the date of this Notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act that is required to be set out in this Notice.

Authorised for release by the Company’s Board of Directors.

For more information Investors

David Quinlivan Managing Director Phone: +61 8 6365 4548 Email: admin@orabandamining.com.au

ORA BANDA MINING .COM. AU

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admin@orabandamining.com.au 1300 035 592 (callers within Australia – toll free) +61 8 6365 4548 Level 1, 2 Kings Park Road, West Perth WA 6005 PO Box 464, West Perth WA 6872 ABN 69 100 038 266

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