PEEL MINING LIMITED — Capital/Financing Update 2020

Aug 10, 2020

==> picture [155 x 69] intentionally omitted <==

11[th] August 2020

NON-RENOUNCEABLE ENTITLEMENT OFFER DOCUMENTS DESPATCHED

Peel Mining Limited (ASX: PEX) (Peel or the Company) advises that the Prospectus detailing the one (1) for eight (8) fully underwritten non-renounceable entitlement offer (“the offer”) was today mailed to all eligible shareholders, together with the associated entitlement and acceptance forms. For those shareholders who have elected to receive communications via email, an email was sent with a link to the offer website. The offer was announced on the 27[th] July 2020 and the prospectus lodged with the ASX on the 3[rd] August 2020.

As previously advised the closing date for the acceptances and payment is 5.00pm (WST) 20th August 2020.

The Entitlement and Acceptance Form, together with a copy of the Prospectus can also be accessed at https://events.miraqle.com/PEX-offer. If you wish to access the online application system, you will need to provide your Securityholder Reference Number (SRN) or Holder Identification Number (HIN) and postcode and follow the instructions provided including making payment by BPAY®.

For more information, please contact Peel Mining Limited on 08 9382 3955 or visit our website www.peelmining.com.au.

This announcement was approved for release by the Managing Director.

Ryan Woodhouse CA. Company Secretary

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: info@peelmining.com.au www.peelmining.com.au