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) has today issued 1,741,070 fully paid ordinary shares in
the capital of the Company (Shares) to Company Non-Executive Directors, Mr Godfrey Gomwe, Ms Patience Mpofu
and Mr Anthony Lennox. The Shares were issued at a deemed issue price of $0.014 per Share, being the 10-trading day
volume weighted average price of the Shares traded on the ASX and JSE prior to 27 December 2023, being two days
prior the date of announcement to the ASX that referred to the Non-Executive directors electing to receive Director Fee
Shares in lieu of cash (refer ASX/JSE release 29 December 2023).

In order to preserve the Company's cash reserves, Company Non-Executive Directors, Mr Godfrey Gomwe, Ms Patience
Mpofu and Mr Anthony Lennox, have elected, subject to Shareholder approval, to receive a proportion of their accrued
Director fees in Shares in lieu of cash, on the terms and conditions set out in the notice of meeting for the Company's
annual general meeting of shareholders held on 20 November 2024.

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


22 November 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: 22-11-2024 08:11:00
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