North Stawell Minerals Ltd - ENTITLEMENT OFFER - OPENING OF OFFER AND DISPATCH OF OFFER DOCUMENTS

About this update from North Stawell Minerals, Ltd.

North Stawell Minerals Ltd (ASX: NSM) ('Company ') refers to its announcement of Wednesday, 11 June 2025 in relation to a proposed capital raising to raise approximately $2.1 million (before costs) by way of a 2 for 9 non-renounceable, pro-rata entitlement offer at an issue price of $0.03 per share ('Entitlement Offer'). The Entitlement Offer opens today, Friday, 20 June 2025 . The Entitlement Offer is expected to close at 5.00pm ( Melbourne time) on Friday, 11 July 2025 (unless extended). Attached is a copy of the Offer Booklet for the Entitlement Offer, a sample letter from the Company to Eligible Shareholders and a sample Entitlement and Acceptance Form, all of which will be made available or dispatched today to shareholders who are eligible to participate in the Entitlement Offer. Also attached is a sample letter from the Company that will be sent to shareholders who are ineligible to participate in the Entitlement Offer. The Placement to sophisticated and professional investors to raise an additional $1.5 million , also announced on 11 June 2025 , is due for settlement of funds today, with Placement Shares expected to be issued on Monday, 23 June 2025 . Contact: Email: [email protected] Tel: +61 3 5358 9210 About North Stawell Minerals North Stawell Minerals Ltd (ASX: NSM) is an Australian-based gold exploration company focused on discovering large scale gold deposits in the highly prospective Stawell Mineralised Corridor in Victoria . The Company is exploring prospective tenements located along strike of, and to the immediate north of the Stawell Gold Field which has produced more than five million ounces of gold. NSM's granted tenure has a total land area of 504km2 . NSM believes there is potential for the discovery of large gold mineralised systems under cover, using Stawell Gold Mine's Magdala orebody as an exploration model to test 51km of northerly strike extension of the underexplored Stawell Mineralised Corridor Important information This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States . This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws. No representation or warranty is or will be made by any legal or natural person in relation to the accuracy or completeness of all or part of this document, or the accuracy, likelihood or achievement of reasonableness of any forecasts, prospects or returns contained in, or implied by, the information or any part of it. To the full extent permitted by law, the Company disclaims any obligation or undertaking to release any updates or revisions to the information contained in this document to reflect any change in expectations or assumptions. Nothing contained in this document constitutes investment, legal, tax or other advice. You should make your own assessment and take independent professional advice in relation to the information and any action taken on the basis of the information. (C) 2025 Electronic News Publishing, source ENP Newswire

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