WEST WITS MINING LIMITED — Share Issue/Capital Change 2021

Jan 7, 2021

WEST WITS MINING LIMITED ABN 89 124 894 060 ASX:WWI

E info@westwitsmining.com P +61 3 8692 9049

• F +61 3 8692 9040

A Level 3, 62 Lygon Street, Carlton, Victoria Australia 3053

Friday, 08 January 2021

ASX Announcement

(ASX: WWI)

708A CLEANSING NOTICE

West Wits Mining Limited (“the Company”) gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Act” ) in compliance with the requirements of section 708A(6) of the Act as follows:

• a) On 8 January 2021, the Company issued 5,801,749 fully paid ordinary shares in the Company without disclosure to investors under Part 6D.2 of the Act. Details of the issues are set out below:

• i. 4,700,000 fully paid ordinary shares on conversion of vested Performance Rights; and

• ii. 1,101,749 fully paid ordinary shares under the employee incentive scheme of the Company. Of these 1,101,749 fully paid ordinary shares, 801,749 fully paid ordinary shares were to key management personnel in lieu of cash for services provided to the Company and 300,000 fully paid ordinary shares were issued to a consultant as a performance bonus and incentive.

• b) As at the date of this notice, the Company has complied with:

• i. the provisions of Chapter 2M of the Act as they apply to the Company; and

• ii. the provisions of section 674 of the Act.

• c) the Company is not aware of any information required to be disclosed for the purpose of section 708A(6)(e) of the Act, being information:

• i. that has been excluded from a continuous disclosure notice in accordance with the Listing Rules of the ASX; and

• ii. that investors and their professional advisors would reasonably require for the purposes of making an informed assessment of:

  • the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

  • the rights and liabilities attaching to the ordinary shares of the Company.

An Appendix 2A for each of the issues (two Appendix 2A’s in total) accompany this cleansing notice. Authorised by:

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Simon Whyte CFO & Company Secretary West Wits Mining Limited