Share Issue and lodgement of Appendix 2A 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 and lodgement of Appendix 2A Following the exercise of unlisted options exercisable at $0.02 and expiring 30 November 2020 (Options), Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) has today issued 10,000,000 fully paid ordinary shares (Shares) in the Company at $0.02 per Share, raising $200,000. The Options were issued to Orion’s Managing Director and CEO, Mr Errol Smart following receipt of shareholder approval at the Company’s 2015 Annual General Meeting. Mr Smart was not in a position to exercise the Options and as such, Mr Smart in consultation with Orion, arranged for the sale of the Options (in accordance with the terms of the Options) to a sophisticated and professional investor who has now exercised the Options. Orion intends to utilise the proceeds from the issue of Shares, to continue exploration activities at the Company’s exploration projects in South Africa’s Northern Cape Province and for general working capital purposes. Shareholders of Orion are advised that the Company has released an Appendix 2A – Application for Quotation of Securities on the Australian Securities Exchange. The Appendix is available on the Company’s website, https://orionminerals.com.au/investors/asx-jse-announcements/. announcements/. For and on behalf of the Board. Denis Waddell Chairman 24 November 2020 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@merchantec.co.za Date: 24-11-2020 07:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.