Red Mountain Mining Limited ('RMX' or the 'Company') is pleased to advise that it has recently acquired four exploration licenses prospective for gold, within the Meen-Dempster Greenstone Belt (Ontario, Canada).

The four 100% RMX owned properties, named Flicka Lake, Fry Lake Stock, Fry-McVean Shear and Relyea Porphyry or 'Fry Lake Projects', hold potential to host gold lode mineralisation based on targeting and the known deposits in the broader area.

The Fry Lake Projects are situated in the Uchi region, a prolific mineral belt which has produced 32Moz Au to date1. Located nearby is the Golden Patricia Mine, formerly operated by Barrick Gold (NYSE: GOLD) and approximately 13km North of Fry Lake. RMX has successfully entered this Tier 1 mining jurisdiction through a cost-effective strategy, with an expenditure of under CAD $9,500.

The four tenements are based on structural targets, reported alteration, proximity to banded iron, reported gold occurrences and porphyry intrusions.

Next Steps

RMX will be using Geological Consultants, Geologica Inc. based in Thunder Bay some 350km south of the project area. A first pass rock and soil sampling programme is currently being prepared to test structural targets identified from the data review. Subject to contractor availability and weather conditions, the Company expects the initial sampling process to comm.

About Red Mountain Mining

Red Mountain Mining Limited is an ASX-listed (ASX: RMX) mineral exploration and development company. Red Mountain has a portfolio of critical minerals including lithium, rare earth, gold and base metal projects, located in the USA and Australia. The Company's flagship projects are based in Nevada USA, prospective for lithium claystone mineralisation. Other projects include the Monjebup Rare Earths Project and the Koonenberry Gold Project.

Competent Person Statement

The information in this announcement that relates to Exploration Results and other technical information complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). It has been compiled and assessed under the supervision of contract geologist Mark Mitchell. Mr Mitchell is a Member of the Australasian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Mitchell consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears

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