Equus Mining Limited ('Equus' or the 'Company') announces that it has executed an Amendment and Covenant Deferral Agreement with Equity Trustees Limited (ABN 46 004 031 298) in its capacity as the trustee of the Tribeca Global Natural Resources Fund (ABN 97 553 912 939), Tribeca Global Natural Resources Credit Master Fund, Tribeca Global Natural Resources Limited (ABN 16 627 596 418) and Tribeca Segregated Portfolio Company on behalf and for the account of Tribeca Global Natural Resources Segregated Portfolio (each, a Lender and together, the Lenders) dated 31 March 2023 (Deferral Agreement).

The Deferral Agreement varied the Loan Facility Agreement entered into between the parties on 14 October 2022 (which formally documented the terms of the loan as announced to ASX on 26 August 2022) under which the Lenders made available to the Company a cash advance facility in an aggregate amount of USD$2,200,000 (Facility Agreement).

Under the Deferral Agreement the Company granted collateral security to the Lender, in respect of the same USD$2,200,000 loan facility, over 11 real-estate properties (being non-core assets) located in the town of Chile Chico in Chile's region 11 owned by the Company's wholly owed subsidiairy, Compania Minera Cerro Bayo (CMCB). The material terms of the Facility Agreement as amended by the Deferral Agreement are set out in Annexure A. In addition to the above, the Lenders have provided other general waivers in relation to the Facility Agreement, as varied by the Deferral Agreement, to ensure that the Company is not in a subsisting default

Contact:

Tel: +61 400 852 245

Email: jbraham@equusmining.com

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