Theta Gold Mines Limited (ASX:TGM) Option to Extend Secure Bond Maturity Date

Theta Gold Mines Limited (ASX:TGM) (FRA:3LM) (OTCMKTS:TGMGF) is pleased to announce it has entered into an agreement to extend the maturity date for the outstanding A$6 million Secured Bond Facility (Secured Bond) it currently holds with 2Invest AG and its associates for a further 12 months, if required.

The maturity date and repayment of the A$6 million Secured Bond is currently 23 January 2023 which may be extended for a further 12 months to 23 January 2024, at the discretion of the Board.

All other existing terms and conditions of the Secured Bond remain unchanged.

As part of the agreement, the Company will issue 15 million unlisted Series C Options to 2Invest AG with an exercise price of $0.17 and expiry date on or before the 16 January 2024.

Unlisted options will be issued pursuant to the Company's existing capacity under Listing Rule 7.1.

2Invest AG, a sister company to Delphi / Balaton and Sparton AG from Germany joined the Theta register from July 2021 and is currently a 3.9% shareholder of Theta Gold.

Chairman Mr. Bill Guy commented: "We are very pleased to have 2Invest's ongoing support and would certainly welcome them to increase their equity holding in the Company via exercising the various call options held while the Company's progressing towards funding, construction and production".

Bill Guy, Chairman 
Theta Gold Mines Limited
T: + 61 2 8046 7584
E: billg@thetagoldmines.com