ORION MINERALS LIMITED - Release of Escrowed Shares

Release of Escrowed Shares

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

RELEASE OF ESCROWED SHARES

Orion Minerals Ltd (ASX/JSE: ORN) (Orion or the Company) announced on 29 March 2017, that it had
completed the acquisition of Agama Exploration & Mining (Pty) Ltd (Agama), an unlisted South African
registered company. Following the acquisition, through Agama’s subsidiary companies, Orion now holds an
effective 73.33% interest in the Prieska Zinc-Copper Project, located at Copperton, Northern Cape Province,
South Africa and the Marydale Gold Project, located 60km from the Prieska Project.

The purchase consideration paid on settlement of the Agama acquisition, included the issue of 94,321,464
Orion ordinary fully paid shares (Shares) and 94,321,464 unlisted Orion options (exercisable at 4.62 cents at
any time until 29 March 2019) (refer ASX release 29 March 2017).

Shares issued to the Agama vendors were subject to a 6-month voluntary escrow period ending 29 September
2017 and 75% of the Shares issued to the Agama vendors were subject to a 12-month voluntary escrow period
ending 29 March 2018. Orion provides notice that in accordance with Listing Rule 3.10A, 70,741,100 Shares
were released from voluntary escrow on 29 March 2018.


Errol Smart
Managing Director and CEO

29 March 2018

Errol Smart
Managing Director and CEO

ENQUIRIES

Investors                                                JSE Sponsor
Errol Smart – Managing Director & CEO                    Rick Irving
Denis Waddell – Chairman                                 Merchantec Capital
T: +61 (0) 3 8080 7170                                   T: +27 (0) 11 325 6363
E: info@orionminerals.com.au                             E: rick@merchantec.co.za

Media
Michael Vaughan                                          Barnaby Hayward
Fivemark Partners, Australia                             Tavistock, UK
T: +61 (0) 422 602 720                                   T: +44 (0) 207 920 3150
E: michael.vaughan@fivemark.com.au                       E: orion@tavistock.co.uk

Suite 617, 530 Little Collins Street
Melbourne, VIC, 3000

Date: 29/03/2018 09:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.