Crater Gold Mining Limited (ASX: CGN) (the Company) refers to the pro-rata nonrenounceable entitlement issue (Entitlement Offer) and the updated timetable announced to the market on 22 March 2023.

The Company has decided to extend the Entitlement Offer closure date by 28 days to Monday, 15 May 2023.

The Board has resolved to extend the Closing Date to provide eligible shareholders with additional time to consider the offer and complete their application to participate

The Company also wishes to advise shareholders of an update to the indicative timetable for the proposed consolidation of the Company's shares included in the Notice of Meeting announced on 10 March 2023. Please note that the indicative timetable set out in Section 2.7 of the Notice of Meeting has been updated as set out below:

Contact:

Tel: +61 8 6188 8181

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