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MSG.V ·

Craig Sharpe – Non-Executive Chair John Skeet – Managing Director & CEO Garry Thomas – Non-Executive Director Stephen Layton – Non-Executive Director David Toyoda – Non-Executive Director Justyn Stedwell – Company Secretary

Corporate Updates

ASX ANNOUNCEMENT

7 January 2025

DIRECTORS

Craig Sharpe – Non-Executive Chair

John Skeet – Managing Director & CEO

Garry Thomas – Non-Executive Director

Stephen Layton – Non-Executive Director

David Toyoda – Non-Executive Director

Justyn Stedwell – Company Secretary

MITHRIL SILVER AND GOLD LIMITED

ACN: 099 883 922

ASX: MTH

www.mithrilsilvergold.com

REGISTERED OFFICE

The Block Arcade

Level 3, Suite 324, 96 Elizabeth St

Melbourne VIC 3000

T: +61 3 9088 2049

E: [email protected]

Managing Director Executive Services Agreement

On 7 January 2025 Mithril Silver and Gold Limited (“the Company”) (ASX:MTH; TSXV:MSG) executed a

new Executive Services Agreement with its Managing Director, John Skeet (Services Agreement). The key

terms of the Services Agreement are set out below.

Position Managing Director

Effective Date 1 November 2024

Term Indefinite

Base Salary $300,000 per year excluding statutory superannuation

Short Term Incentive Subject to conditions set by the Company, Mr. Skeet may

be entitled to a short-term performance-based incentive

payment.

Long Term Incentive Subject to conditions set by the Company, Mr. Skeet may

be entitled to a long-term performance-based incentive

payment.

Company Termination Notice Period 3 months

Employee Resignation Notice Period 3 months

Other If a change of control occurs and, at any time during the

12-month period following such change of control Mr.

Skeet resigns employment for good reason, Mr. Skeet

shall be entitled to a payment equal to 3 months’ salary.

This announcement has been approved for release by the Board of Directors.

-ENDS-

For further information contact:

John Skeet

Managing Director and CEO

[email protected]

+61 435 766 809

Mark Flynn

Investor Relations

[email protected]

+61 416 068 733