Hannam & Partners Issue Research Report 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 HANNAM & PARTNERS ISSUE RESEARCH REPORT Orion Minerals Ltd (ASX/JSE: ORN) (Orion or the Company) is pleased to advise that Hannam & Partners recently completed a research report on Orion. To view a copy of the report, please visit our website at: https://orionminerals.com.au/investors/analyst- coverage/. Hannam & Partners is a privately-owned merchant bank which specialises in offering independent corporate finance and capital markets advice to companies, institutions and governments. Hannam & Partners works with established industry leaders and promising exploration companies to source and execute transactions across the metals and mining industry. It has a dedicated metals and mining team which has executed some of the most high-profile transactions of the last 30 years for clients including BHP Billiton, Hochschild, Gem Diamonds, African Minerals, Kenmare Resources, Gemfields and Petra Diamonds. As disclosed in the report, the cost of producing the report has been covered by Orion as part of a contractual arrangement with Hannam & Partners. Hannam & Partners makes the report available (and Orion reproduces it) subject to the disclaimer on page 24 of the report. 12 February 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: 12/03/2018 07:30:00 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.