ORA BANDA MINING LTD — Capital/Financing Update 2023

Apr 3, 2023

ASX Announcement (ASX: OBM)

4 April 2023

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

Dear Sir/Madam,

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

Ora Banda Mining Limited (ABN 69 100 038 266) (ASX:OBM) ( Ora Banda or the Company ) advises that it has today issued 185,088,680 new fully paid ordinary shares ( New Shares ) at an issue price of $0.1125 each to existing and new institutional, professional and sophisticated investors under a placement announced on 27 March 2023.

The Company hereby provides notification under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) of the issue of the New Shares. The Corporations Act restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 or 708A of the Corporations Act. By the Company giving this notice ( Notice ), a sale of the New Shares will fall within the exemption in section 708A(5) of the Corporations 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 Company issued the New Shares without disclosure to investors under Part 6D.2 of the Corporations Act;

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

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

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

  • (ii) sections 674 and 674A of the Corporations Act; and

• (d) as at the date of this Notice, there is no excluded information, within the meanings of section 708A(7) and 708A(8) of the Corporations Act.

Yours faithfully

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Susan Park Company Secretary

This announcement was authorised for release to the ASX by the Board of Ora Banda Mining Limited.

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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Investor & Media Queries: Luke Creagh Managing Director +61 8 6365 4548 admin@orabandamining.com.au

ORA BANDA MINING .COM. AU admin@orabandamining.com.au

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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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