MC Mining Limited (MC Mining or the Company) advises the outcome of resolutions put to shareholders at the Company's Extraordinary General Meeting (Meeting) held today, 15 July 2022.

Results of the Meeting

Resolution 1: Ratification of Prior Issue of Shares Passed on a poll as an ordinary resolution.

Resolution 2: Approval for Acquisition of Relevant Interest in Shares Failed on a poll as an ordinary resolution.

In accordance with Australian Stock Exchange Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the attached information is provided in relation to the resolutions passed by members of the Company at the Meeting and proxies received in respect of each resolution put to shareholders.

Repayment of SGIH loan funds

On 1 February 2022, MC Mining announced that it had entered into a staged ZAR 86,036,691 (approximately US$5.6 million) Convertible Advance and Subscription Agreement (the Agreement) with South African resources investor, Senosi Group Investment Holdings Proprietary Limited (SGIH). In consideration for the provision of ZAR 86,036,691, and subject to the terms of the Agreement, the Company agreed to issue SGIH up to 71,697,242 new ordinary shares of no par value (Ordinary Shares)

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