Sale of Randalls Project Completed

• Randalls Project sold to Ore Resources Ltd for up to $800k in cash, shares, and milestone payments
• Divestment part of Miramar's strategy to rationalise its exploration project portfolio
• Miramar retains upside exposure to future exploration, development, and production at Randalls

Miramar Resources Limited (ASX:M2R) has completed the sale of its Randalls Project, located approximately 70 kilometres east of Kalgoorlie, to Ore Resources Ltd (ASX:OR3), formerly Future Battery Metals Limited. The consideration for the sale includes cash, shares in OR3, milestone payments on delineation of JORC-compliant Resources, and a royalty from any future production from the tenements. This allows Miramar to retain upside exposure to any future exploration success, development, and/or production from the Randalls Project. Miramar's Managing Director, Ms Marion Bush, stated that the divestment of Randalls is part of the company's strategy to rationalise its portfolio of exploration projects in the Eastern Goldfields and Gascoyne regions of Western Australia. Miramar's focus is currently on exploration at its Gidji JV Gold Project, located just 15 kilometres north of Kalgoorlie, where the company believes it can quickly outline a gold resource that can be monetised. The company is also preparing for an auger drilling campaign at its 100% owned Chain Pool Project in the Gascoyne region, where sampling has outlined high-grade sedimentary exhalative (SEDEX)-style copper, lead, and silver mineralisation, along with extensive alteration, at the Joy Helen prospect.