RED MOUNTAIN MINING LIMITED — Board/Management Information 2020

Jul 21, 2020

ASX ANNOUNCEMENT

22 July 2020

RED MOUNTAIN MINING LTD

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APPOINTMENT OF TECHNICAL CONSULTANT

Red Mountain Mining Limited ( RMX or the, Company ) is pleased to advise of the appointment of Mr Troy Flannery as Technical Consultant to the Company as it progresses its due diligence at Mt Maitland gold project in WA, and continues to assess the Koonenberry Gold Project in western NSW.

Mr Flannery brings a wealth of mining experience to the Company. His experience includes:

• CEO, Abra Mining Ltd (April 2019 – present). Abra Mining Ltd is the corporate vehicle for the Galena Mining Ltd-Toho Zinc JV.

• COO, Galena Mining Limited (March 2018 – April 2019).

• Group Technical Services Manager, Hanking Gold (April 2015 – Feb 2018). Hanking Gold acquired Southern Cross gold assets for $23m in 2013 and sold for $330m in April 2017.

• Mining Consultant / Corporate Analyst, Crocodile Gold (2014), Iron Ore Holdings (2012), DJ Carmichael (2011), BHP (2010), Newcrest (2009), Xstrata (2008).

• Principal Mining Engineer, Herald Resources (2007 – 2008).

• Underground Manager, Newcrest (2005 -2007).

• Various Senior Mining Engineering roles with AMC Consultants, Western Mining, St Barbara Mines and Underground Mining Contractors (1997 – 2005).

Mr Flannery is unrelated to the Company and it is envisaged he will provide advice concerning the technical strategy surrounding its projects. Initially, the consultancy will span a 6 month period. Further details of the consultancy are set out below:

• Fees: $3,000 per month plus GST.

• Options: Upon execution of the consultancy and subject to any required regulatory approvals, RMX shall grant Jack Rory Pty Ltd (or its nominee) 4m quoted options (0.8c, exp 14 July 21).

• Termination: 2 months from either party.

Authorised for and on behalf of the Board,

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Mauro Piccini, Company Secretary

Web: www.redmountainmining.com.au

ASX: RMX