AuKing Mining Limited Prospectus

1. Investment Overview G. Key Terms of the Public Offer Topic Summary For more information What will the Public Offer raise under this Prospectus? The Public Offer will raise a minimum of $6 million by offering 30,000,000 Shares at an issue price of $0.20 each, with provision to accept over-subscriptions of a further 5,000,000 Shares to raise up to a further $1 million, together with free-attaching options exercisable at $0.25 on or before 30 June 2023 to be issued on the basis of one (1) option for every two (2) ordinary shares issued. Section 2.1 What is the Public Offer price? The offer price is $0.20 per Offer Share. No additional consideration is payable for issue of the Offer Options, however the Offer Options have an exercise price of $0.25 each. Section 2.1 How will the proceeds of the Public Offer be used? Proceeds are intended to be used to meet AKN’s commitments under the Koongie Park Earn-In, to provide working capital and to pay the costs of the Public Offer and the KP Transaction. Sections 3.4 3.5 Is the Public Offer underwritten? The Public Offer is not underwritten. Section 2.8 Who is the Lead Manager? Novus Capital Limited ABN 32 006 711 995 Section 12.4 What will the market capitalisation of the Company be upon listing on the ASX? The market capitalisation of the Company on re-admission is expected to be approximately $11 million (calculated at the Offer Price and assuming the minimum subscription is raised). Section 2.1 What are the key dates of the Public Offer? Event Date Prospectus lodged with ASIC and ASX 9 March 2021 Public Offer Opening Date 10 March 2021 Notice of Meeting given to Shareholders* 18 March 2021 General Meeting to consider the Approval Resolutions* 16 April 2021 Public Offer Closing Date 23 April 2021 Issue of Shares under Prospectus 27 April 2021 Dispatch of Holding Statements 28 April 2021 Expected date for re-quotation of the Company’s shares on the ASX (subject to satisfaction of Chapters 1 and 2 of ASX Listing Rules) 29 April 2021 * Note – these dates are dependent upon review of the Notice of Meeting by ASIC pursuant to section 218 of the Corporations Act . Shareholders should note this is an indicative date for the General Meeting only and the General Meeting has not yet been convened. This timetable is indicative only. The Company reserves the right to vary the dates, which includes closing the Public Offer early or extending the close of the Public Offer, without notifying any recipients of the Prospectus or any Applicants subject to the Corporations Act , the Listing Rules and other applicable laws. Investors are encouraged to submit their Applications as soon as possible after the Public Offer opens. Furthermore, dates are dependent upon Completion, and as such, satisfaction of all KP Transaction Conditions, which includes ASX providing the Conditional Approval. Section 2.2 continued 20