Notice of General Meeting Despatched to Shareholders

Notice of General Meeting

Eagle Mountain Mining Limited (ASX:EM2) ("Eagle" or "the Company") advises that a General Meeting of Shareholders will be held at 11am (AWST) on Friday 20 May 2022 at Ground Floor, 22 Stirling Highway, Nedlands WA 6009.

Attached is a Notice of Meeting and a letter to shareholders advising further details of the meeting and access to meeting documents.

For further information please contact:

This Announcement has been approved for release by Mark Pitts Company Secretary of Eagle Mountain Mining Limited

EAGLE MOUNTAIN MINING LIMITED

Eagle Mountain is a copper-gold explorer focused on the strategic exploration and development of the Oracle Ridge Copper Mine and the highly-prospective greenfield (Silver Mountain) project, both located in Arizona, USA.

Arizona is at the heart of America's mining industry and home to some of the world's largest copper discoveries such as Bagdad, Miami and Resolution, one of the largest undeveloped copper deposits in the world

Follow the Company developments through our website and social media channels

12 April 2022

Dear Shareholder,

Eagle Mountain Mining Limited (Eagle Mountain or the Company) is convening a General Meeting of Shareholders (Meeting) to be held at Ground Floor, 22 Stirling Highway, Nedlands, Western Australia on Friday, 20 May 2022 at 11.00 am (AWST).

As stated in the Company's ASX announcement on 24 March 2022, $15 million was recently raised from institutional investors, with an additional $1 million to be raised (subject to shareholder approval) from an entity associated with Managing Director Charles Bass who continues to show his unwavering financial support for the Company.

On behalf of the Board and Management, I welcome Ausbil Investment Management Limited ("Ausbil") and Paradice Investment Management Pty Ltd ("Paradice") as substantial shareholders following their participation in the recent equity raising (refer to substantial shareholder notices released on ASX on 31 March and 1 April 2022). We value the support given to Eagle Mountain by all shareholders, including Ausbil and Paradice who join existing substantial holders Regal Funds Management Pty Ltd and Charlie Bass, as we strive to become a significant copper producer.

The funds raised will enable the Company to continue to expand and upgrade the high-grade mineral resources at Oracle Ridge and pave the way for the commencement of a preliminary feasibility study.

In accordance with the Corporations Amendment (Meetings and Documents) Act 2022, the Company will not be dispatching physical copies of the Notice of Meeting unless the shareholder has made a valid election to receive documents in hard copy. Instead, the Notice of Meeting and accompanying explanatory statement (Meeting Materials) are being made available to shareholders electronically and can be viewed and downloaded from the Company's website at:http://eaglemountain.com.au/asx-announcements/. Alternatively, the Meeting Materials have been posted on the Company's ASX market announcements page (ASX: EM2).

For those shareholders that have not elected to receive notices by email, a copy of your personalised Proxy Form is enclosed for your convenience. Shareholders are encouraged to complete and lodge their proxies online or otherwise in accordance with the instructions set out in the proxy form and the Notice.

Your proxy voting instruction must be received by 11:00am (AWST) on Wednesday, 18 May 2022, being not later than 48 hours before the commencement of the Meeting. Any proxy voting instructions received after that time will not be valid for the scheduled Meeting.

The Meeting Materials should be read in their entirety. If shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting.

With regards to the COVID-19 pandemic, the Company will adhere to all social distancing measures prescribed by government authorities at the Meeting, and shareholders attending the Meeting will need to ensure they comply with the protocols. Should circumstances change and impact the arrangements for the Meeting, the Company will advise shareholders by way of announcement on ASX and by placing a notice on our website athttp://eaglemountain.com.au/asx-announcements/

In order to be able to receive communications electronically from the Company in the future, please update your details online atwww.investorcentre.com.

Yours sincerely

Eagle Mountain Mining Limited

ACN 621 541 204

Notice of General Meeting, Explanatory Statement and Proxy Form

General Meeting to be held at

The Offices of Eagle Mountain Mining Limited Ground Floor, 22 Stirling Highway Nedlands

Western Australia

At 11.00am (WST) on Friday, 20 May 2022

Shareholders please refer to the Important Information regarding the General Meeting on pages 1 and 2 of this Notice.

Important Information

Contents

Notice of General Meeting

Voting Exclusions

Proxy Appointment, Voting and Meeting Instructions

Explanatory Statement

Glossary

12

Important dates

An indicative timetable of key proposed dates is set out below. These dates are indicative only and are subject to change.

Capitalised terms used in this Notice of General Meeting will, unless the context otherwise requires, have the same meaning given to them in the Glossary set out in the Explanatory Statement.

Important information - COVID-19 virus health and safety requirements

The Board of Directors have elected to hold a physical meeting and have undertaken to implement certain protocols and practices to ensure the safe conduct of the General Meeting in line with general health advisory recommendations.

Please note the following:

• • Eagle Mountain Mining Limited's General Meeting with be held at Ground Floor, 22 Stirling Highway, Nedlands WA as noted on the front page of this Notice.

• • Shareholders are encouraged to vote by proxy.

• • No refreshments will be served at the Meeting.

• • Voting on all Resolutions will be conducted by poll and not by show of hands.

• • The minimum number of Directors and the Secretary will attend the Meeting in person (taking into account social distancing practices).

• • Questions for the Board of Directors can be emailed toinfo@eaglemountain.com.auand must be received no later than 5.00pm (WST) on Friday, 13 May 2022.

1

EAGLE MOUNTAIN MINING LIMITED - NOTICE OF GENERAL MEETING AND EXPLANATORY STATEMENT

This is an excerpt of the original content. To continue reading it, access the original document here.