Announcement PDF P: +61 8 6466 7500 E: info@ballardmining.com.au A: Level 2, 18 Richardson Street, West Perth WA 6005 ASX: BM1 ballardmining.com.au ASX Announcement – 16 October 2026 CLEANSING NOTICE This notice is given by Ballard Mining Limited (ASX:BM1) (“Ballard” or “the Company”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Corporations Act"). The Company today issued 68,210,880 fully paid ordinary shares ("Placement Shares") at an issue price of $0.66 per Share to institutional investors under the institutional placement announced on 8 October 2026. The Company also provides notification under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 ("ASIC Instrument"). The Company is offering shareholders with a registered address in Australia or New Zealand as at 4:00pm (AWST) on Wednesday, 7 October 2026 ("Eligible Shareholders") fully paid ordinary shares under a share purchase plan ("SPP") to raise up to $5 million (before costs). The Company reserves the right (in its absolute discretion) to accept oversubscriptions up to an additional $5 million (before costs), scale back applications if demand exceeds $5 million (before costs) or close the SPP at an earlier date. The SPP will be offered in accordance with the ASIC Instrument. Full details of the SPP will be set out in the offer booklet which will be made available to Eligible Shareholders on or about Monday, 19 October 2026. For the purposes of section 708A(6) of the Corporations Act and the ASIC Instrument, the Company advises that: (a) the Placement Shares were issued, and the Company will make offers to issue fully paid ordinary shares under the SPP, without disclosure to investors under Part 6D.2 of the Corporations Act; (b) this notice is being given under section 708A(5)(e) of the Corporations Act; (c) as a disclosing entity, the Company is subject to regular reporting and disclosure obligations; (d) as at the date of this notice, the Company has complied with: i) the provisions of Chapter 2M of the Corporations Act, as they apply to the Company; and ii) sections 674 and 674A of the Corporations Act; and (e) as at the date of this notice, there is no information that is "excluded information" within the meanings of sections 708A(7) and 708A(8) of the Corporations Act. This ASX announcement has been authorised for release by the Board of Ballard Mining Limited. -ENDS- For further information visit our website at ballardmining.com.au or contact: PAUL BRENNAN Managing Director info@ballardmining.com.au