PEEL MINING LIMITED — Capital/Financing Update 2017

Nov 16, 2017

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17[th] November 2017

The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

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

On 15[th] November 2017, Peel Mining Limited ( Company ) completed the issue by way of placement of 15,000,000 fully paid ordinary shares in the capital of the Company at a price of $0.40 (Shares) to institutional and sophisticated investors. The placement was previously announced on 9 November 2017.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that:

1. the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and

2. as at the date of this notice, the Company has complied with:

   • a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b. section 674 of the Corporations Act; and

3. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

For Peel Mining Limited Ryan Woodhouse

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Company Secretary

Ph: +61 8 9382 3955 Email: info@peelmining.com.au

Peel Mining Limited ACN 119 343 734 tel: (08) 9382 3955. email info@peelmining.com.au

PO Box 849, West Perth WA 6872. Unit 1, 34 Kings Park Road, West Perth WA 6005 www.peelmining.com.au