POWER MINERALS LIMITED — Capital/Financing Update 2021

Sep 23, 2021

ASX RELEASE 24 September 2021 ASX : PNN

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----- Start of picture text ----- ABOUTPepinNini Minerals Limited is adiversified ASX listedAustralian ExplorationCompany focused onexploring, discovering anddeveloping a significantmineral resource. PepinNinihas exploration tenementsprospective for Kaolin on theEyre Peninsula and nickel-copper-cobalt-PGE in theMusgrave Province of SouthAustralia and hold a Mineralsbrine resource in SaltaProvince, Argentina. Thecompany also holds a copper-gold exploration project inSalta Province, Argentina----- End of picture text -----

PepinNini signs agreement with Ganfeng Lithium for brine pipeline access

PepinNini subsidiary PepinNini SA (PNN SA) advises that it has signed an agreement in Argentina with Litio Minera SA a subsidiary of Ganfeng Lithium, for a pipeline to carry lithium brine from Ganfeng’s Mariana Project in Salta Province.

The pipeline is proposed to run from Ganfeng’s Mariana Project south west of the Santa Ines Project owned by PNN SA to the north east passing through the Santa Ines Project en route.

The agreement provides for PepinNini and Ganfeng to jointly carry out an Induced Polarisation(IP) geophysical survey on 11 kms of the pipeline trace proposed within PNN SA’s Santa Ines Project. Both parties will contribute to the survey cost, which highlights the working relationships between lithium brine companies in Argentina.

The 12 day survey will commence in October and provide a useful interpretive tool for both parties. For PepinNini it will be an exploration tool for copper-gold mineralisation targets for drill testing while it will give Ganfeng reassurance that the pipeline trace will not require relocation in the event of a mineral discovery.

The pipeline is a more environmentally-friendly option than road for brine transport.

As per the ASX announcement on 20 October 2020 PepinNini plans to conduct a two-borehole drilling program at two priority copper-gold targets on the Santa Ines Project.

This announcement was authorised for issue by the Board of PepinNini Minerals Ltd

For further information please contact: Rebecca Holland-Kennedy Nick Owens Managing Director, Investor Relations PepinNini Minerals Limited Sefiani Communications Group Phone: +61 8 8218 5000 +61 2 8920 0700

Note: Additional information on PNN is available at www.pepinnini.com.au