ORION MINERALS LIMITED - Share Issue Notice under Section 708A(5)(e)

Share Issue – Notice under Section 708A(5)(e)

Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1


Share Issue – Notice under Section 708A(5)(e)


Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) refers to its announcement on 6 May 2024 regarding
completing the first phase of the acquisition of a controlling interest in the Okiep Copper Project, with payment of
consideration totalling ZAR46 million (~A$3.8 million), being ZAR11 million payable in cash and ZAR35 million settled
by way of Orion issuing fully paid ordinary shares (Shares).

Orion has today issued 206,572,796 Shares to the selling shareholders. As set out in Orion's Notice of Meeting
released to the ASX/JSE on 23 April 2024, Orion will seek shareholder approval at a General Meeting of
shareholders, to be held on Thursday 23 May 2024 to seek approval for, amongst other things, the ratification of
the agreement to issue the Shares.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Act), the Company advises as follows:

 1.   this notice is being given under paragraph 708A(5)(e) of the Act;

 2.   the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

 3.   as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as
      they apply to the Company;

 4.   as at the date of this notice, the Company has complied with section 674 and section 674A of the Act; and

 5.   all information of the kind that would be required to be disclosed to the market for the purposes of section
      708A(6)(e) of the Act has been disclosed to ASX Limited.


For and on behalf of the Board.


Denis Waddell
Chairman


8 May 2024


ENQUIRIES

 Investors                                Media                                 JSE Sponsor
 Errol Smart – Managing Director & CEO    Nicholas Read                         Monique Martinez
 Denis Waddell – Chairman                 Read Corporate, Australia             Merchantec Capital
 T: +61 (0) 3 8080 7170                   T: +61 (0) 419 929 046                T: +27 (0) 11 325 6363
 E: info@orionminerals.com.au             E: nicholas@readcorporate.com.au      E: monique.martinez@merchantec.com

Date: 08-05-2024 08:41:00
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