Greenvale Mining : Within Energy Pty Ltd Investor Presentation

ASX ANNOUNCEMENT

8 July 2022

INVESTOR PRESENTATION - ACQUISITION OF LEADING GREEN ENERGY DEVELOPER, WITHIN ENERGY PTY LTD

Greenvale Mining Limited (ASX: GRV) is pleased to advise that the attached presentation will be delivered to investors today relating to its proposed acquisition of geothermal energy company, Within Energy Pty Ltd ("Within Energy").

As announced on 1 June 2022, Greenvale has agreed to acquire an initial 51% interest (with the option to acquire 100%) in Within Energy, which is developing geothermal resources from naturally permeable formations in Queensland and across Australia.

The acquisition will position Greenvale at the forefront of the Australian green energy market, while also providing the Company with a clear pathway to fast-track the permitting and development of its Alpha Torbanite Project in Central Queensland.

As outlined in the attached presentation, Within Energy has invested significantly in identifying exploitable geothermal sources in south-east Queensland, with exploration permits covering approximately 11,000km2, and is ideally positioned to deliver carbon neutral geothermal energy on Australia's eastern seaboard.

The presentation will be delivered by Within Energy CEO Adam Stepanoff.

The material terms of the proposed acquisition by Greenvale Mining Limited of Within Energy Pty Ltd can be found in the previously mentioned announcement.

Authorised for Release

This announcement has been approved by Greenvale Mining Ltd.'s Managing Director, Mr. Neil Biddle, for release.

Alan Boys

Company Secretary

Contact

For further details, contact:

Mark Turner, Executive Director, 0459 519 999

Media inquiries, contact:

Nicholas Read, Read Corporate, 0419 929 046

[e-mail]

R E G I S T E R E D O F F I C E :

130 Stirling Hwy, NORTH FREMANTLE, WA 6159 | Locked Bag 4, North Fremantle, WA Australia, 6159 t:[phone] | e: [e-mail] | www.greenvalemining.com

A B N 5 4 0 0 0 7 4 3 5 5 5

Carbon

Neutral

Geothermal

Energy

Focused on Australia's

Eastern Seaboard

JULY 2022

Important Information

DISCLAIMER

This document and all other information (whether in writing or otherwise) that may be made available, or part thereof does not:

1. Contain all information that investors and their professional advisers would require to make an informed assessment of the following:
2. 1. Assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and
   2. rights and liabilities attaching to the Company's securities.
3. Constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to purchase or subscribe for any securities nor shall this document, or any part of it, or the fact of its distribution or transmission, form the basis of or be relied on, in connection with any contract.
4. Constitute a promise or representation as to the future. Recipients must make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies that may affect the future

operations of the Company or the Company's securities.

No representation or warranty, express or implied, is made or given by or on behalf of the Company, its directors and officers or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this document and all other information (whether in writing or otherwise) which may be made available or part thereof or any further information supplied by or on behalf of the Company or in connection with the Company and no responsibility or liability is accepted for any such information or opinions.

All statements in this document (other than statements of historical fact) are forward-looking statements that involve risks and uncertainties. The Company can give no assurance that statements will prove accurate and results and future events could differ materially.

The Company, its directors and officers or any other person:

1. Do not accept liability for any loss or damage suffered or incurred by any investor or any other person however caused (including negligence) relating in any way to this document, including (without limitation) the information contained in it, any errors or omissions however caused, or the investor or any other person placing any reliance on this document, its accuracy, completeness, currency or reliability.
2. Do not accept any responsibility to inform the recipient or any other person of any matter arising or coming to its notice which may affect any matter referred to in this document.
3. To the maximum extent permitted by law, expressly disclaimed and excluded any liability of the Company, its directors and officers or any other person to the recipient or to any other person arising out of this document.

FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "target", "anticipate", "forecast", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions.

The forward-looking statements in this presentation are based on current expectations, estimates, forecasts and projections about Within Energy and any of its associates or the industry in which they operate. However, please note, that they do relate to future matters and thus are subject to various inherent risks and uncertainties. Actual events or results may differ materially from the events or results expressed or implied by any forward-looking statements.

Past performance is no guarantee of future performance.

None of Within Energy's directors, officers, employees, agents, affiliates or contractors makes any representation or warranty (either express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or implied in any forward-looking statement, except to the extent required by law.

You are cautioned to place no undue reliance on any forward-looking statement. The forward-looking statements in this presentation reflect views held only as of the date of this presentation.

COMPETENT PERSON STATEMENT

The geological information presented in this document is based on information compiled by Mr Stuart King.

Mr King is a Petroleum Geologist and has a Bachelor of Science in Geology and Geography (Hons) from the University of Western Australia and a Masters of Business Administration in Oil & Gas Management from Robert Gordon University. He is a member of the Society of Petroleum Engineers (SPE), the American Association of Petroleum Geologists (AAPG) and the SouthEast Asian Petroleum Exploration Society (SEAPEX) and has 25 years' experience in the petroleum industry in exploration, appraisal, field development planning, reserves and resources assessment, commercial valuations and business development.

BACKGROUND

• WITHIN Energy was established in 2021 to enter the renewable energy market with a focus on Geothermal energy in Australia with an initial focus on Queensland.
• WITHIN brings together multi- disciplined professionals from energy as well as oil & gas.
• WITHIN plans to develop Geothermal resources from naturally permeable formations east of the Great Dividing Range.

• The lower temperature compared with deep Cooper Basin Granites are to be exploited with Binary Rankine Heat Exchanger technology extensively used in the US.
• Shallow drilling targets and close proximity to consumers provide exceptional financial and carbon credit benefits.
• The lifecycle of a geothermal power plant is around forty years and is a true carbon-neutral energy source.