RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2022

Oct 2, 2022

ASX ANNOUNCEMENT

RED MOUNTAIN MINING LTD

3 October 2022

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Quoted Options Expire (RMXOJ)

Red Mountain Mining Limited ( RMX or the, Company ) advises that 129,211,936 quoted options (exercisable at $0.011, expiring on 2 October 2022) ( RMXOJ Options ) expired unexercised and have therefore lapsed.

The Company’s capital structure is as follows:

Number	Details
1,642,363,858	Fully paid ordinaryshares
60,000,000	Unquoted Options@ $0.015 EXP 04/02/2025
35,000,000	Unquoted Options@ $0.02 EXP 28/06/2023
555,000	Unquoted Options@ $0.009 EXP 11/02/2023

Authorised by the Board of RMX,

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Troy Flannery Chairman

Web: www.redmountainmining.com.au

ASX: RMX