WEST WITS MINING LIMITED — Capital/Financing Update 2021

Dec 8, 2021

Thursday, 9 December 2021

ASX Announcement and Media Release

Extension of Rights Issue Closing Date

West Wits Mining Limited [ASX:WWI] ( WWI or the Company ) advises that the closing date of the nonrenounceable pro-rata rights issue offer of 1 new share for every 6 shares held at the Record Date at an issue price of $0.03 (3 cents) per share to raise up to approximately $7.86 million before costs ( Rights Issue ) has been extended to 17 December 2021. The Rights Issue offer is made to shareholders with a registered address in Australia or New Zealand at 7.00pm on 26 November 2021 ( Record Date ).

The Board has determined to extend the closing date of the Rights Issue having regard to potential mail delays due to Christmas demand and Covid restrictions resulting in eligible shareholders potentially receiving Rights Issue materials later than anticipated. While as previously announced the Rights Issue is 97% underwritten by Evolution Capital Pty Ltd, the decision to extend has been made as a result of the commitment of the Company to facilitate eligible shareholder access to, and participation in, the Rights Issue.

An extract of the timetable for the Rights Issue that was included in the offer booklet dated 22 November 2021 with amendments to the dates impacted by the extension of the closing date is set out below:

Closing Date (5.00pm (Melbourne time) 17 December 2021 WWI notifies ASX of results 21 December 2021 Issue date and release of Appendix 2A for New Shares 24 December 2021

Released with the authority of the Board.