WEST WITS MINING LIMITED — Capital/Financing Update 2021

Nov 29, 2021

ASX Announcement and Media Release 30 November 2021

Despatch of Rights Issue Offer Booklet

West Wits Mining Limited ( ASX:WWI ) ( WWI or the Company ) is pleased to advise that the Offer Booklet and Application Form for the non-renounceable pro-rata rights issue announced to ASX on 22 November 2021 has been despatched to eligible shareholders today. Notifications have also been sent to ineligible foreign shareholders in accordance with ASX Listing Rule 7.7.1(b).

The rights issue is an offer to eligible shareholders (being shareholders with an address in WWI’s register of members in Australia or New Zealand at 7.00pm (Melbourne time) on 26 November 2021 ( Record Date )) 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 $7.86 million before costs ( Rights Issue ). The Rights Issue closes at 5.00pm (Melbourne time) on 14 December 2021 and is 97% underwritten by Evolution Capital Pty Ltd.

Signed for and on behalf of the Board.

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Simon Whyte Joint Company Secretary and CFO