Board Changes & Company Update June 20211

Disclaimer

Nature of Document: This presentation has been prepared and issued by Orminex (Company) to provide general information about the Company. The information in this document is insummary form and should not be relied upon as a complete and accurate representation of any matters that a reader should consider in evaluating the Company. While managementhas taken every effort to ensure the accuracy of the material in this presentation, the Company and its advisers have not verified the accuracy or completeness of the material containedin this presentation.

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This announcement has been authorised and approved for release by the Board of Orminex.

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Board of Directors – Appointment of Mel Ashton

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Orminex Limited (‘Orminex’ or ‘the Company’) wishes to advise that it has appointed Mr Mel Ashton as aNon-Executive Director, effective immediately.

Mr Ashton is an Australian Chartered Accountant who has over 40 years’ experience with significanthands-on experience and leadership roles in multiple industries, including Agriculture, Banking & Financeand Mining & Exploration.

Mr Ashton currently serves as the Non-Executive Chairman of Quintis Sandalwood Pty Ltd, a Non-Executive Director of Aurora Labs Ltd (ASX:A3D) and Non-Executive Chairman of Venture Minerals Ltd(ASX:VMS).

Mr Ashton specialises in helping organisations achieve growth and change in accordance with agreedstrategies and plans. Orminex very much looks forward to the expertise Mr Ashton brings to theCompany as it embarks on an exciting period of sustainable growth.

Board of Directors – Additional changesOrminex also wishes to advise that Mr Dean Hely will transition from his current position of Non-Executive Director to Non-ExecutiveChairman, effective immediately. Joining the Orminex Board in October 2019, Mr Hely is highly motivated to serve the Company inreturning to operational status through both organic growth and acquisition activity. Mr Hely is the Managing Partner of West Australianlegal firm Lavan, with more than 29 years’ experience working in corporate reconstruction, insolvency and commercial litigation.

Furthermore, Mr Wayne McGrath has resigned from his position of Non-Executive Director, effective immediately. The Board thanks MrMcGrath for his strong contribution and guidance over the past 14 months and wish him all the best in future endeavours. The WyllieGroup, for which Mr McGrath served as Executive Chairman for over 10 years, remain a cornerstone investor and tremendous supporter ofOrminex.

Orminex – An exciting near term gold producer

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ASX: ONX

Ordinary Shares on Issue 547,872,785

Share Price (as at 8 June 2021) $0.05

Dean Hely – Non Executive ChairmanMr Hely is the Managing Partner of West Australian legalfirm Lavan, with more than 29 years’ experience workingin corporate reconstruction, insolvency and commerciallitigation.

Capital Structure

Market Capitalisation $27.39M

Top 20 Shareholder Ownership 67.16%

Michael Foulds – Non Executive DirectorMr Foulds holds a Bachelor of Engineering in MiningEngineering, First Class Mine Manager’s Certificates inboth Western Australia and the Republic of Fiji and wasthe co-founder of contract mining company GBF with MrGraham.

Kelly Moore – Company SecretaryMrs Moore is a qualified Chartered Accountant,Chartered Company Secretary and Director at MeridianCorporate Consultants, with extensive experience insenior financial and governance advisory roles.

Mel Ashton – Non Executive DirectorMr Ashton is an Australian Chartered Accountant who hasover 40 years’ experience with significant experience andleadership roles in many industries, including Agriculture,Banking & Finance and Mining & Exploration.

Ross Graham – Alternate for Michael FouldsMr Graham has over 40 years’ experience in underground mining having commenced as an airleg miner in 1986, with extensive exposure to operations both in Australia and internationally across many commodities, and was the co-founder of contract mining company GBF with Mr Foulds.

Matthew Nixon – Chief Operating OfficerMr Nixon holds a bachelor of Mining Engineering and a WAFirst Class Mine Manager’s Certificate, with more than 12years’ experience in successful underground and open pitoperations, most recently working as Mining Manager atNorthern Star Resources (NST) flagship Jundee Operations.

Vision – Unlocking value through proven operational expertise

Orminex is an organisation centred on great people producing excellent results, always with integrity

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Passion and dedication to ensuring ‘good mining’ and ‘good business’ go hand in hand

Acquiring and operating quality gold assets in safe jurisdictions

Leveraging off demonstrated Team expertise to deliver consistent shareholder value

Penny’s Find – Strengthening for near term production

• Underground mineral resource of 248,000t @ 7.04g/t for56,000oz as reported by Empire Resources (ASX: ERL) 1

• Fully permitted 50/50 Joint Venture with Horizon Minerals Ltd,with Golden Mile toll milling agreement in place at Lakewoodfacility

• 4.8km drilling program completed in March quarter

• Multiple significant intercepts2 delivered, including:

o 5m @ 5.27g/t gold from 180.3m in P1_010

o 3.7m @ 7.46g/t gold from 215.3m in P1_005

o 2.7m @ 8.46g/t gold from 171.4m and 1.7m @ 17.91g/t

gold from 178.9m in P1_007

• Pit dewatering contract awarded, commencing June 2021

• Updated geological model delivery expected June 2021

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• Entech engaged to complete final mining study, to be delivered

in second half of 2021 and followed by subsequent decision to

mine

1. Refer to ERL ASX announcement dated 13 December 2017, there have been no material changes from the date of this release2. Refer to ONX ASX announcement 14 April 2021

Comet Vale – Ongoing review of strong gold mineralisation system

• Orminex conducted underground mining activities beneath theexisting Sand Queen historical workings between 2018 - 2020

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• ONX 51/49 Joint Venture with Sand Queen Gold Mines Pty Ltd

• Toll treatment parcel #9 in July 2020 delivered 5,254oz of goldfrom 33,552t @ 5.09g/t and 96% recovery

• Mine currently under care and maintenance to enable thoroughgeological review of what remains a highly prospective area,possessing multiple deposits of typical Archaean narrow, high-grade gold quarts lodes within a shear hosted system

• Independent geologist and mineral valuation expert engaged forreview

Golden Lode – Exciting tenements in the Davyhurst gold district

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• 8,561m of historical diamond drilling completed from 113 holes acrossthe Golden Lode Project area testing mineralisation to a maximum depthof 285m downhole

• Historical workings (1989 – 1990) involved sinking of 97m twincompartment shaft and development of two levels 46m and 91m belowsurface

• Treatment of 10,297t @ 8.86g/t completed in 1990

• Independent mineralisation report indicates further soil sampling andpotential subsequent infill drilling required to progress to 2012 JORCcompliant resource

Strategic Growth – Identifying value accretive acquisition opportunities

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• Orminex seeking to maximise leverage from strong, proven underground miningexpertise within the Company via acquisition of existing, or near termproducing, gold mines in safe jurisdictions

• Due diligence and valuation assessment ongoing for potential acquisition ofeconomic interests in epithermal gold project in Indonesia1

• Belief in significant opportunities for Orminex in Tier-1 jurisdictions of NorthAmerica and Canada to utilise demonstrated skillset of unlocking value fromhigh grade gold mines where previous or existing owners have encountereddifficulty

1. Refer to ONX ASX announcement 31 May 2021

• The Abitibi Greenstone Belt straddling the Ontario and Quebec border in Canadaidentified as one such prospective area of opportunity, having produced over200Moz since 1901 and ~$12B in merger and acquisition activity since 2013

• Orminex has commenced discussions with the key stakeholders of a number ofstrategic gold projects in the Abitibi region of the Province of Quebec, whichalign with the Company’s strategic acquisition profile

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P: PO Box 1473, SUBIACO WA 6904

PH: +61 8 6149 1550

e: admin@orminex.com.auwww.orminex.com.au

ACN: 008 740 672 ABN: 45 008 740 672