ORE RESOURCES LIMITED — Capital/Financing Update 2020

Dec 21, 2020

ASX ANNOUNCEMENT

(ASX:AOU)

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22 December 2020

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

This notice is given by Auroch Minerals Limited ( Auroch or the Company ) in relation to the issue of the following securities as detailed in the Appendix 2A’s issued on 22 December 2020:

• 1,047,329 fully paid ordinary shares upon the conversion of 1,047,329 unlisted $0.10 options exercisable on or before 30 November 2021; and

• 200,000 fully paid ordinary shares on the upon the conversion of 200,000 class A performance rights

The Corporations Act 2001 (Cth) ( Act ) restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the securities detailed in the Appendix 2A’s issued on 22 December 2020 will fall within the exemption in section 708A(5) of the Act.

Pursuant to section 708A(5)(e) of the Act the Company gives notice that:

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

• b. the Company is providing this notice under paragraph (5)(e) of section 708A of the Act;

• c. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

• d. as at the date of this notice, the Company has complied with section 674 of the Act; and

• e. as at the date of this notice, there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • B. the rights and liabilities attaching to the Shares.

This announcement has been authorised by the board of directors of Auroch.

For further information contact:

James Bahen Company Secretary E: jbahen@aurochminerals.com

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Auroch Minerals Ltd ABN 91 148 966 545 Suite 1, 295 Rokeby Road, Subiaco WA 6008 Phone: +61 8 6555 2950 Fax: +61 8 6166 0261 Email: admin@aurochminerals.com www.aurochminerals.com