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 an announcement by the Company on 2 August 2021, regarding the exercise of an option held by the Company to acquire mining and exploration records and extensive data held by the O’Okiep Copper Company (and its affiliates), giving Orion access to data covering 60+ years of mining history at the Okiep Copper Project, South Africa (Data Option) (refer ASX releases 15 February 2021 and 2 August 2021). Orion has today issued 4,097,065 fully paid ordinary shares (Shares), at an issue price of $0.034 per Share, as part consideration payable, on exercise of the Data Option. 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 4 August 2021 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 Orion Minerals Limited www.orionminerals.com.au Incorporated in the Commonwealth of Australia Suite 617, 530 Little Collins Street Melbourne, Victoria 3000 ASX Code: ORN ACN: 098 939 274 JSE Code: ORN Ordinary shares on issue: 4,321m I Options on issue: 234m ISIN: AU000000ORN1 Date: 04-08-2021 07:34:00 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.