Kin Mining NL : Expands with Farm-In Deal Over Adjacent Tenure -Amended

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ASX Announcement

21 January 2022

KIN EXPANDS LEONORA FOOTPRINT WITH FARM-IN DEAL OVER

ADJACENT TENURE

(amended to include JORC 2012 reporting)

Kin to apply its detailed understanding of the controls of gold mineralisation associated with the Cardinia

Gold Project to Golden Mile Resources' Leonora land-holding

Highlights

• Exploration Earn-in and Joint Venture agreement secured with Golden Mile Resources (ASX: G88) over 120km2 of contiguous tenure located adjacent to Kin's flagship 1.28Moz Cardinia Gold Project in the Tier-1 Leonora district of Western Australia.
• The agreement further consolidates significant parcels of exploration ground around the highly- prospective Leonora province.
• Kin to employ its successful exploration techniques and detailed geological knowledge across this additional tenure, which includes historical results including:

1. Monarch
2. • WRC039 (Wildcat) 2m at 2.86g/t Au from 96m
   • WRC036 (Wildcat) 2m at 1.62g/t Au from 68m o Ironstone Well
   • IRC002 (Natasha) 7m at 4.16g/t from 17m

Kin Mining NL (ASX: KIN or "the Company") is pleased to advise that it has entered into an Earn-in and Joint

Venture agreement with Golden Mile Resources Ltd (ASX: G88 - "G88") over 120km2 of exploration tenure located adjacent to Kin's flagship 100%-owned 1.28Moz Cardinia Gold Project (CGP), east of Leonora in Western Australia.

The ground, made up of three prospect areas (see Figure 1), comprises strategically-located contiguous tenements that sit adjacent to Kin's CGP, as well as regional exploration ground that includes a number of exploration targets to further expand the Company's growth pipeline in the Leonora region.

Under the terms of the agreement, Kin will have the right to earn an initial 60% interest in the Golden Mile Resources tenements, with the ability to increase to 80% ownership through a series of staged milestones.

ASX Code: KIN	Kin Mining NL
Shares on issue: 866 million	342 Scarborough Beach Road
Market Capitalisation: $96 million	Osborne Park WA 6017
Cash: $10.6 million (30 September 2021 + Rights Issue)	P: [phone]
	E [e-mail]
	kinmining.com.au

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Figure 1: Regional map showing Kin's tenure (Purple) and Golden Mile Resources' Earn-in tenure (Orange).

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The Joint Venture will provide Kin with an additional 120km2 of tenure, located along the same regional structural corridors that have already yielded significant targets and Mineral Resources for Kin (see Figures 1 and 2).

Kin Mining Managing Director, Andrew Munckton, said: "The Earn-inand Joint Venture agreement with G88 represents a logical and strategic addition to our regional gold exploration footprint, with the ability for our team to apply the systematic exploration methodology and regional knowledge we have successfully employed at the Cardinia Gold Project to test this under-exploredpackage of ground.

"Earning-in to this tenure is consistent with our strategy of acquiring and consolidating prospective ground and assets in the Leonora district that will help us to grow our Resource base and establish the foundations for Kin to build a long-term gold business.

"The contiguous nature of these tenement packages and the fact that they lie on geological structures that we're already exploring at the CGP make this ground a very attractive addition to our exploration footprint. Kin will include this ground in its future exploration plans, alongside the other exciting areas that will be followed-up in the next phase of work planned for 2022 including ongoing exploration programs at Rangoon and Pegasus at Cardinia, as well as Mt Flora and Randwick."

G88 TENEMENTS - KEY TARGETS

Ironstone Well

Ironstone Well has received relatively little modern exploration. The project (Figure 2) covers prospects spanning an 8km strike length and straddles the ground between the regionally important Emu Shear and Keith Kilkenny Fault. Golden Mile Resources recently added to its contiguous group of tenements in this area and completed a successful initial round of drilling in 2021.

Figure 2 - Ironstone Well project with historical workings

The project contains numerous historical workings and prospects which will be systematically assessed. Recent exploration results include:

• 7m at 4.16g/t Au including 2m at 11.35g/t Au in IRC002 at the Natasha prospect

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Monarch

The Monarch Project covers a large area that has, until recently, seen little modern exploration. Golden Mile Resources recently completed a soil geochemical sampling program and initial drilling of the resulting targets. The project covers the eastern portion of the Mertondale Shear Zone and lies east of the ground held by Dacian Gold (formally owned by NTM Resources). Dacian Gold is developing the Hub and GTS deposits for treatment at its Mt Morgan's processing facility

Normandy

The Normandy Project is located along strike to the south of Kin's Randwick Project. It is an area where a large number of historical workings exist and little modern exploration has been conducted. A large drainage system associated with the Bummer Creek and Mertondale Creek catchments obscure the underlying geology and have prevented effective historical exploration and prospecting.

Farm-In and Joint Venture Terms

The Farm-In terms are as follows:

• Stage 1:

1. Kin must incur expenditure of not less than $250,000 (Minimum Expenditure) on the JV Area with 18 months of Commencement before it can withdraw from the agreement.

1. Kin may earn a 60% interest in the JV Area by incurring $750,000 Exploration Expenditure (including the $250,000 minimum expenditure requirement) on the JV Area within 36 months

of Commencement.

• 1. Once Kin completes Stage 1 requirements, G88 may elect to form a Joint Venture with participating interests of 60% Kin and 40% G88, or grant Kin the right to elect to progress to Stage 2.
• Stage 2:
• 1. Kin may earn an 80% interest in the JV Area by incurring a further $1,250,000 Exploration Expenditure on the JV Area within a further 36 months (in total $2.0M expenditure over 72

months) of Commencement.

• 1. Once Kin completes Stage 2 requirements, G88 may elect to form a Joint Venture with participating interests of 80% Kin and 20% G88, or grant Kin the right to form a JV.
• Stage 3:
• 1. Standard terms and conditions for JV participation managed by Kin.

1. If a party elects to dilute and their interest falls to 10% then their interest reverts to a Net Smelter Royalty on gold production from the tenements.

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	Hole ID			East			North			RL			Depth			Azimuth			Dip			From			To			Width			Gold
															(m)			(m)			(m)			(g/t)
	WRC035	361438	6842250		525	90		060		-60		64		66		2		0.81
	WRC036	361426	6842266		524	96		060		-60		68		70		2		1.62
	including																			69		70		1		2.37
	WRC038	361408	6842282		526	90		060		-60		69		70		1		0.65
																					78		82		4		1.31
	WRC039	361399	6842275		522	108		060		-60		96		98		2		2.86
	including																			96		97		1		5.12
	WRC040	361401	6842295		525	84		060		-60		70		71		1		2.13
	WRC047	361370	6842348		526	96		060		-60		84		85		1		2.42
	WRC053	361373	6842424		525	54		060		-60		41		42		1		1.41

Table 1: Significant gold intersections from the RC drilling program at the Wildcat Prospect.

	Hole ID			East			North			RL			Depth			Azimuth			Dip			From			To			Width			Gold
															(m)			(m)			(m)			(g/t)
	IRC002	339928	6810162		407	35		0		-90		17		24		7		4.16
	including																			21		23		2		11.35

Table 2: Significant gold intersections from the RC drilling program at the Natasha Prospect.

-ENDS-

Authorised for release by the Board of Directors

For further information, please contact:
Investor enquiries	Media enquiries
Andrew Munckton	Nicholas Read
Managing Director, Kin Mining NL	Read Corporate
[phone]	[phone]