Appendix 3B‌

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities‌ and agreement‌‌

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Red Mountain Mining Limited

ABN

119 568 106

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1

+Class of +securities issued or to be issued

Fully Paid Ordinary Shares

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

3,645

3

Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid

+securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Fully Paid Ordinary Shares

+ See chapter 19 for defined terms.

01/08/2012 Appendix 3B Page 1

4

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

If the additional securities do not rank equally, please state:

  • the date from which they do

  • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

  • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Yes

5

Issue price or consideration

$0.015 per Share

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

3,645 Shares issued on exercise of 3,645 RMXOG options.

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

Yes.

6b

The date the security holder resolution under rule 7.1A was passed

15 November 2016

6c

Number of +securities issued without security holder approval under rule 7.1

None.

6d

Number of +securities issued with security holder approval under rule 7.1A

None.

None

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

3,645

6f Number of securities issued under an exception in rule 7.2

N/A

6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

N/A

6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

7.1: 38,177,777

7.1A: 42,118,518

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

25 May 2017

Number

+Class

7 Dates of entering +securities into uncertificated holdings or despatch of certificates

+ See chapter 19 for defined terms.

01/08/2012 Appendix 3B Page 3

421,185,180

7,500,003

44,761,867

67,226,278

45,000,000

Fully paid ordinary Shares

RMXOE Listed Options exercisable at $0.1184 each on or before 15 September 2017

RMXOF Listed Options exercisable at $0.048 each on or before 31 March 2018

RMXOG Listed Options exercisable at $0.015 each on or before 21 November 20191

RMXOH Listed Options exercisable at $0.018 each on or before 13 December 2019

1. 3,645 RMXOG options exercised 25 May 2017, the subject of this 3B.

Number

1,093,750

12,500,000

+Class

Options exercisable at

$0.096 on or before 24 December 2018

Options exercisable at

$0.02 each on or before 14 October 2019.

N/A

Number and +class of all

+securities quoted on ASX (including the securities in section 2 if applicable)

  1. Number and +class of all

    +securities not quoted on ASX (including the securities in section 2 if applicable)

  2. Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

10

Part 2 - Bonus issue or pro rata issue

11

Is security holder approval required?

12

Is the issue renounceable or non- renounceable?

13

Ratio in which the +securities will be offered

Red Mountain Mining Limited published this content on 26 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 May 2017 01:40:18 UTC.

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