Santana Minerals Limited - EXTENSION OF SHARE PURCHASE PLAN CLOSING DATE

Santana Minerals Limited (ASX: SMI; ACN 161 946 989) (Santana or Company) refers to the Share Purchse Plan (SPP) announced on 5 May 2023.

Considering the updated assay results released this morning and the pending close of the SPP the directors have determined to leave the SPP open for a further week to enable shareholders the opportunity to consider whether to participate

These dates are indicative only and may be varied by the Company. (Subject to the Corporations Act and the Listing Rules)

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About Santana Minerals Limited Bendigo-Ophir Project

The Bendigo-Ophir Project is located on the South Island of New Zealand within the Central Otago Goldfields.The 292km2 project area comprises Minerals Exploration Permit (MEP) 60311 (252km2 ) issued to 100% owned subsidiary Matakanui Gold Ltd (MGL) and Minerals Prospecting Permit Application (MPPA) 60882 (40km2 ) made by MGL.

The Company embarked on diamond drilling (DD) and reverse circulation (RC) drilling programmes in November 2020 with the immediate objective to fast-track an increase to the existing Resources by drill testing the down plunge extensions of known mineralisation.

These estimates are based on drill results to Jan 2022 and reported in Feb 2023 which the Company interprets has the potential to be further expanded and developed into a low cost per ounce gravity-leach operation, with ore from bulk tonnage open pits or underground sources. The Bendigo-Ophir Resources occur in 4 deposits that are inferred to extend in a northerly direction within the RSSZ which hosts gold mineralisation over a recognised strike length of >20km. The RSSZ occurs at the contact with TZ3 and TZ4 schist units separated by a regional fault (Thomsons GorgeFaultTGF) and dips at a low angle (25-degree) to the north-east. The RSSZ is currently interpreted to have upper shear-hosted gold mineralisation (HWS) 10-40 metres in width above quartz vein and stockwork related gold mineralisation extending >120 metres below the HWS.

Forward Looking Statements

Forward-looking statements in this announcement include, but are not limited to, statements with respect to Santana's plans, strategy, activities, events or developments the Company believes, expects or anticipates will or may occur. By their very nature, forward-looking statements require Santana to make assumptions that maynot materialize or that may not be accurate. Although Santana believes that the expectations reflected in the forward-looking statements in this announcement are reasonable, no assurance can be given that these expectations will prove to have been correct, as actual results and future events could differ materially from those anticipated in the forward-looking statements. Accordingly, viewers are cautioned not to place undue reliance on forward-looking statements. Santana does not undertake to update publicly or to revise any of the included forward-looking statements, except as may be required under applicable securities laws

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