Magnum Mining and Exploration Limited ('Magnum' or 'Company') is pleased to announce the signing of non-exclusive mandates with two New York based investment banks and advisors, RK Equity Advisors LLC and Pickwick Capital Partners, LLC.

Both firms have experience with working with Australian mining companies including, Piedmont Lithium Limited (ASX: PLL) and Lithium Power International (ASX: LPI).

RK Equity has funded US iron ore projects and will act as a strategic advisor to Magnum, providing industry market analysis, peer benchmarking and comparable company assessments, including the identification of long-term strategic shareholders in North America. RK Equity has also advised a variety of corporates and investors across the lithium-ion battery and technology metals supply chain.

Pickwick is a licensed investment bank, broker-dealer and fund placement advisory firm. Pickwick provides an extensive array of services to middle market companies and institutional funds across the United States and abroad.

The Company has also signed a mandate with local corporate advisory and investment firm, Shape Capital Pty Ltd (AFSL Representative Number: 001247011), to provide local capital markets and investor relations advisory services.

Contact:

Tel: (08) 6280 0245

Fax: (08) 9381 2855

Email: info@mmel.com.au

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