M3 Mining (ASX: $M3M) Quarterly Activities Report for the period ending 30 June 2024

M3 Mining Limited (ASX: $M3M) is pleased to provide an update on corporate and exploration activities during the June 2024 Quarter. The Company made significant discoveries at its Victoria Bore Copper Project, uncovering previously unrecorded historic copper workings with grab samples returning up to 36.9% Cu. Additionally, at the Edjudina Gold Project, new bedrock gold anomalies of up to 4m @ 0.55g/t Au have been found through reconnaissance drilling. The Company is also pursuing an advanced pre-development oil and gas project in the MENA region and appointed Dermot O'Keeffe as a non-executive director subsequent to the quarter end. M3 Mining is well-funded with cash held as of 30 June 2024 of approximately $2.7 million following funds received from T2 placement post quarter end.

Executive Director Simon Eley's Commentary on M3 Mining's Quarterly Activities

Exploration success and company changing project acquisition progresses at M3 Mining during the June quarter. The discovery of the new copper occurrences is a paradigm shift for exploration at Victoria Bore. Grab samples from historic workings exceeded 20% Cu at three sites with the remaining eleven workings exceeding 1% Cu in grab samples. Company and consultant geologists are currently on site undertaking detailed mapping to locate the interpreted large scale structures responsible for copper mineralisation. Reputable geophysical consulting group, Newexco Exploration Pty Ltd have recently been engaged to support the design of a ground EM program to potentially generate drill targets. In addition, a further 259 square kilometres of tenure has been granted at the project which covers sedimentary sequences considered highly prospective for sediment hosted copper mineralisation. At Edjudina, recent air-core drilling has extended the known trend of anomalous gold at the El Capitan prospect to a total of 4.5km. With drilling operations at El Capitan currently complete, initial exploration is now underway for the recently granted Old Plough Dam Prospect, strategically located close to the Carosue Dam satellite pit Twin Peaks. M3 Mining's energy team has recently engaged with key government and administrative officials to secure an advanced energy project in the MENA region, gaining access to the project's database to refine development and exploration plans. Subsequent to quarter end, the Company has enhanced its board with the appointment of technical energy expert; Dermot O'Keeffe, as a non- executive director and is actively engaging with off-take groups, commercial banks and corporate finance firms. M3 Mining is well positioned to take advantage of its existing exploration and looks forward to presenting its energy opportunity to shareholders once the project is secured.

Summary of M3 Mining's Quarterly Activities Report

M3 Mining made significant strides in its exploration activities during the June 2024 Quarter. The discovery of previously unrecorded historic copper workings at the Victoria Bore Copper Project, with grab samples returning up to 36.9% Cu, marks a significant breakthrough. The Company is also extending its gold anomalies at the Edjudina Gold Project, with new bedrock gold anomalies of up to 4m @ 0.55g/t Au found through reconnaissance drilling. Additionally, M3 Mining is actively pursuing an advanced pre-development oil and gas project in the MENA region and has appointed Dermot O'Keeffe as a non-executive director to enhance its board. With a well-funded position, M3 Mining is well positioned to capitalize on its exploration activities and is actively engaging with off-take groups, commercial banks, and corporate finance firms for its energy project in the MENA region.