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 the Company) has today issued 1,625,000 fully paid ordinary
shares in the capital of the Company (Shares) to Company Non-Executive Directors, Mr Godfrey Gomwe, Ms
Patience Mpofu and Mr Anthony Lennox. The Shares were issued at a deemed issue price of $0.015 per Share,
being the same issue price as the Shares issued under the Placement and the Share Purchase Plan,
announced by the Company on 1 July 2024.

In order to preserve the Company's cash reserves, Company Non-Executive Directors, Mr Godfrey Gomwe,
Ms Patience Mpofu and Mr Anthony Lennox, have elected, subject to Shareholder approval, to receive a
proportion of their accrued Director fees in Shares in lieu of cash, on the terms and conditions set out in the
notice of meeting for the Company's general meeting of shareholders held on 29 August 2024.

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


9 September 2024


ENQUIRIES

Investors                                Media                                JSE Sponsor
Errol Smart – Managing Director & CEO    Nicholas Read                        Monique Martinez
Denis Waddell – Chairman                 Read Corporate, Australia            Merchantec Capital
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: 09-09-2024 10:32:00
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