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) has today issued 10,000,000 fully paid ordinary shares (Share), at an issue price of $0.02 per Share, following the exercise of unlisted options exercisable at $0.02 and expiring 30 November 2020. 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 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 24 November 2020 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@merchantec.co.za Date: 24-11-2020 07:40:00 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.