Equus Mining Limited ('Equus') (ASX:EQE) wishes to advise that a revised Corporate Governance Statement is been issued for the year ended 30 June 2023 with additional information for the following recommendations 1.5(b)-(c), 1.6, 1.7, 2.1(b), 2.2, 3.2, 3.3, 3.4, 6.3, 7.2(b), 7.3(b), 8.1(b), 8.2 and 8.3 and addressing a typographical error in recommendation 3.3.

This announcement has been approved by the Managing Director Mr. John Braham.

Contact:

Marcelo Mora

Tel: +61 2 9300 3366

Fax: +61 2 9221 6333

This Corporate Governance Statement is current as at 22 December 2023 and has been approved by the Board of Equus Mining Limited ('the Company') and its controlled entities (together with the Company, 'the Group') on that date. A copy can be found on the Company's website at www.equusmining.com. This statement outlines the main Corporate Governance practices that were in place throughout the financial year, which comply with the Australian Stock Exchange ('ASX') Corporate Governance Principles and Recommendations 4th Edition ('Recommendations') unless otherwise stated

CORPORATE GOVERNANCE STATEMENT

The Board of Directors of the Company ('the Board') is committed to maintaining the highest standards of Corporate Governance. Corporate Governance is about having a set of core values and behaviours that underpin the Group's activities and ensure transparency, fair dealing and protection of the interests of stakeholders. The Board supports the Principles of Good Corporate Governance and Best Practice Recommendations developed by the ASX Corporate Governance Council ('Council'). Whilst the Group's practices are largely consistent with the Council's guidelines, the Board considers that the implementation of some recommendations are not appropriate having regard to the nature and scale of the Group's activities and size of the Board. The Board uses its best endeavours to ensure exceptions to the Council's guidelines do not have a negative impact on the Group and the best interests of shareholders as a whole. When the Group is not able to implement one of the Council's recommendations the Group applies the 'if not, why not' explanation approach by applying practices in accordance with the spirit of the relevant principle. The following discussion outlines the ASX Corporate Governance Council's eight principles and associated recommendations 9.1 through 9.3, and the extent to which the Group complies with those recommendations.

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