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 Company) refers to its announcement on 18 March 2026
regarding completing the acquisition of a controlling interest (via the Company's subsidiaries) in the Okiep
Copper Project (OCP Transaction), with payment of consideration totalling ZAR14.74 million (~A$1.25 million),
being ZAR2.3 million (~$195,000) payable in cash and ZAR12.4 million (~$1.05 million) settled by way of Orion
issuing fully paid ordinary shares (Shares).

Orion has today issued 71,911,941 Shares to the selling shareholders in part satisfaction of the consideration
payable under the OCP Transaction.

The issue of these Shares falls within Orion's 15% capacity for issues of equity securities without shareholder
approval afforded by ASX Listing Rulle 7.1.

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


19 March 2026


ENQUIRIES

Investors                               Media                               JSE Sponsor
Avishkar Nagaser                        Nicholas Read                       Monique Martinez
Executive: Corporate Communications     Read Corporate, Australia           Merchantec Capital
and Investor Relations
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: 19-03-2026 09:11:00
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