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PEEL MINING LIMITED Regulatory Filings 2021

May 4, 2021

65545_rns_2021-05-04_bca19b0c-b8d1-429c-9f61-52a4704fb0a9.pdf

Regulatory Filings

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On the 5[th] May 2021 Peel Mining Limited (ASX: PEX) (“the Company”) released an announcement to the ASX titled “Investor Presentation May 2021” (“Presentation”).

Slide 4 of the Presentation included reference to the “Cobar Basin Metal Endowment” which refers to the recovered and current metal endowment of the Cobar Basin, NSW. The company did not reference the technical paper from which the figures were sourced being “Cobar Deposits Structural Control by Vladimir David Mar 2019.” Furthermore the figures may be construed as an in situ value of Peel Mining Limited’s projects.

The Company would like to retract the Slide 4 from the Presentation. Accordingly, this slide in Presentation should be disregarded and investors are advised not to rely on the information contained in the retracted slide for their investment decisions.

This announcement has been approved for release by the Managing Director.

For further information, please contact:

Ryan Woodhouse – Peel Mining Limited, Company Secretary +61 (8) 9382 3955.

Peel Mining Limited ACN 119 343 734 P: (08) 9382 3955. E: [email protected]

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