RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2020

Jun 1, 2020

ASX ANNOUNCEMENT

2 June 2020

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RED MOUNTAIN MINING LTD

SECONDARY TRADING NOTICE

This notice is given by Red Mountain Mining Limited ( RMX or the, Company ) under section 708A(5)(e) of the Corporations Act 2001 ( Act ).

Further to the Appendix 2A released today, a total of 60,000,000 fully paid ordinary Shares ( Shares ) were issued to sophisticated and professional investors pursuant to the placement announced on 29 May 2020 ( Placement ).

Secondary Trading Notice Pursuant to Section 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.

Pursuant to sections 708A(5)(e) and 708A(6) of the Act, the Issuer gives notice that:

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

• b) as at the date of this notice, the Issuer has complied with:

  • I. the provisions of Chapter 2M of the Act, as they apply to the Issuer; and

  • II. section 674 of the Act; and

• c) as at the date of this notice, other than as set out below, there is no information that is ‘excluded information’ within the meanings of section 708A(7) and 708A(8) of the Act.

Authorised for and on behalf of the Board,

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Mauro Piccini, Company Secretary

About Red Mountain Mining

Red Mountain Mining (ASX: RMX) is focused on new energy metals and will focus on the strategic an significant Rare Earths market through the 100% acquisition of the Mt Mansbridge Rare Earths Project in Western Australia. RMX believes the Rare Earth macro environment is supportive given global industry interest to seek diversification in supply outside of China and as such, is currently planning an aggressive exploration program including drilling at Mt Mansbridge.

ASX: RMX Web: www.redmountainmining.com.au