WEST WITS MINING LIMITED — Share Issue/Capital Change 2021

Aug 9, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

WEST WITS MINING LIMITED

Date of this announcement

Tuesday August 10, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

WEST WITS MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

89124894060

1.3 ASX issuer code

WWI

1.4 The announcement is

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New announcement

1.5 Date of this announcement

10/8/2021

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 03-Aug-2021 10:13 New - Proposed issue of securities - A placement or other type of issue WWI

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

116,786,665 fully paid ordinary shares issued today. Please refer to the Appendix 2A released to ASX at or about the same time as this announcement.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

Date the +securities the subject of this notification were issued 10/8/2021

Any other information the entity wishes to provide about the +securities the subject of this notification Options exercisable at $0.12 (12 cents) and expiring 1 year from date of issue.

The Company may apply for options to be quoted (listed) on the ASX, subject to meeting the ASX quotation requirements.

Issue details Number of +securities 70,071,972 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil Cash 58,393,308 free Options issued on basis of 1:2 with Shares issued in Placement 11,678,664 Options issued on basis of 1:10 with Shares issued in Placement for capital raising management

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
WWI : ORDINARY FULLY PAID	1,401,682,960

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
WWIAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	32,000,000
WWIAD : PERFORMANCE RIGHTS	15,750,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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