Crater Gold Mining Limited (ACN 067 519 779) (CGN or the Company) announces that following shareholder approval at the General Meeting on 11 April 2023, the consolidation of CGN shares has now been implemented.

The Company's share register has been updated to relfect the share consolidation on the basis of every ten (10) shares to one (1) share (with any resulting fractions of a share rounded up to the next whole number of shares). The post consolidation shares on issue are as follows:

Fully Paid Ordinary Shares - 123,903,446

New holding statements have been dispatched to security holders on a post consolidation

basis.

This announcement has been authorised by the Company Secretary, Andrea Betti.

Contact:

Russ Parker

Tel: +61 8 6188 8181

Email: info@cratergold.com.au

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