RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2017

Apr 11, 2017

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ASX : RMX Company Directors ASX ANNOUNCEMENT Jeremy King RED MOUNTAIN MINING LTD Lincoln Ho Robert Parton Company Secretary Shannon Coates

RED MOUNTAIN MINING LTD 12 April 2017

RED MOUNTAIN COMMENCES DRILLING RED VALLEY LITHIUM BRINES PROJECT

Red Mountain Mining Ltd ( RMX or Company ) is pleased to advise that drilling has commenced at its Red Valley Lithium Brines Project in Utah, USA.

RMX is conducting a 3 x 1,000 feet well program at Red Valley, testing for commercial levels of Lithium enrichment in local brines across the 6,000 acre Project area.

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Red Valley: Drillhole locations

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Red Valley: Drilling commences

The campaign is anticipated to be a circa 25 day drill program. Precise timing is dependent on weather, and quality of access to the other two drill locations. Conditions continue to improve however Utah has experienced an unusually high rainfall and late snowfall which has impacted some areas in terms of access for heavy equipment.

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Drilling updates will be provided as and when appropriate.

For and on behalf of the Board

Shannon Coates, Company Secretary

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