Kingsrose Mining Limited (ASX: KRM) ('Kingsrose' or the 'Company') refers to the Sale Agreement with Capwill Global as detailed in the Company's ASX Announcement dated 4 October 2022 'Entry into Agreement for the sale of Way Linggo' ('Sale Agreement').

The Company can now confirm that all conditions precedent to completion have been satisfied with completion to occur on or around 16 December 2022 (Completion) at which point Capwill Global will pay to the Company US$7,000,000 (or A$ A$10,280,265.821). The parties have agreed to waive the deferred consideration milestone and pay the additional US$500,000 (or A$734,348.37) at Completion. Further details regarding the transaction are set out in the Company's announcement dated 4 October 2022.

Contact:

Fabian Baker

Managing Director

T: +61 8 9389 4494

Joanna Kiernan

Company Secretary

T: +61 8 9389 4494

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