RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2017

Mar 2, 2017

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ASX : RMX Company Directors ASX ANNOUNCEMENT Jeremy King RED MOUNTAIN MINING LTD Lincoln Ho Robert Parton 3 March 2017 Company Secretary Shannon Coates

3 March 2017

SECONDARY TRADING NOTICE

Further to the Appendix 3B released today, a total of 61,655,290 fully paid ordinary Shares ( Shares ) were issued comprising 57,955,290 Shares to sophisticated and professional investors pursuant to the Placement as announced 24 February 2017, and 3,700,000 Shares on exercise of 3,700,000 RMXOG options.

Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at the date of this notice, there is no information:

  • a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • ii. the rights and liabilities attaching to the relevant Shares.

For and on behalf of the Board,

Shannon Coates, Company Secretary

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