Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to confirm that the Share Purchase Plan (SPP) announced on 12 September 2022 is now open. Antipa is undertaking a SPP of up to $3 million, enabling existing eligible shareholders the ability to apply for up to $30,000 of shares at the same price as the recent placement (which raised $9 million before costs) (Placement).

Antipa will also issue one free attaching unlisted option (Option) for every two new Shares subscribed for and issued pursuant to the Placement and SPP. The Options will be exercisable at $0.04 with an expiry date one year from the date of issue.

The record date for the SPP is 5:00 pm (Perth time) on Friday, 9 September 2022, and it is open to all eligible shareholders in Australia and New Zealand. The SPP offer period is anticipated to close on Monday, 10 October 2022, subject to Antipa's discretion to amend these dates, including to close the SPP offer period early in the event of oversubscription. Antipa reserves the right (in its absolute discretion, subject to the limit prescribed in the ASX Listing Rules) to scale back applications (in whole or in part), if demand exceeds $3 million. Further information regarding the SPP (including terms and conditions of the SPP) is provided to eligible shareholders in the attached offer letter and prospectus, which was lodged with ASIC earlier today and dispatched to eligible shareholders

Top-Up Placement to Newcrest Completed

As announced on 16 September 2022, Newcrest Mining Limited (Newcrest) exercised its right to maintain its 9.9% shareholding in Antipa via a top-up placement on the same terms as the Placement and SPP. $1 million (before costs) has been received and the shares issued to Newcrest. An Appendix 2A and s708A Notice will be released later today. Newcrest has also notified Antipa of its intention to exercise its top-up right again following completion of the SPP. In-line with the Placement and SPP terms, Antipa will issue one free attaching unlisted Option for every two new shares issued pursuant to both top-up placements, exercisable at $0.04 with an expiry date one year from the date of issue.

Contact:

Roger Mason

Managing Director

Antipa Minerals Ltd

T: +61 (0)8 9481 1103

Mark Rodda

Executive Director

Antipa Minerals Ltd

T: +61 (0)8 9481 1103

Michael Vaughan

Media Relations

Fivemark Partners

T: +61 (0)422 602 720

About Antipa Minerals:

Antipa is a mineral exploration company focused on the Paterson Province in north-west Western Australia, home to Newcrest Mining's world-class Telfer gold-copper mine, Rio Tinto's Winu copper-gold deposit, NewcrestGreatland Gold's Havieron gold-copper deposit and other significant mineral deposits. Having first entered the Paterson in 2011 when it was a less sought-after exploration address, the Company has used its early mover advantage to build an enviable tenement holding of ~5,100km2 , including the ~1,200km2 Citadel Joint Venture Project with Rio Tinto (who currently holds a 65% joint venture interest), the ~2,200km2 Wilki Project that is subject to a $60 million Farm-in and Joint Venture Agreement with Newcrest (who is yet to earn a joint venture interest) and the ~1,500km2 Paterson Project that is subject to a $30 million Farm-in and Joint Venture Agreement with IGO (who is yet to earn a joint venture interest). Antipa retains 144km2 of the 100%-owned Minyari Dome Project which contains a significant Mineral Resource, with the Minyari and WACA deposits containing 1.8 million ounces of gold and 64,300 tonnes of copper, and a Scoping Study Mining Inventory of 21.4 million tonnes at 1.6 g/t gold for 1.1 million ounces of gold, plus other deposits and high quality exploration targets. The Citadel Project lies within 5km of the Winu deposit and contains a Mineral Resource of 2.4 million ounces of gold and 162,000 tonnes of copper from two deposits, Calibre and Magnum. Unlike certain parts of the Paterson where the post mineralisation (younger) cover can be kilometres thick, making for difficult exploration, the Company's combined 5,100km2 tenement portfolio features relatively shallow cover; approximately 80% being under less than 80 metres of cover. Extensive drilling programmes, geophysical and surface geochemical surveys are planned for 2022 across Antipa's combined Paterson tenement portfolio as the company pursues a multi-layered strategy of targeting tier-one greenfields discoveries, growing its existing resources through brownfields exploration and advancing potential development opportunities.

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