Balkan Mining and Minerals Ltd (BMM or the Company) (ASX: BMM) advises that, in accordance with the terms of its Class A Performance Rights as outlined in the Company's Prospectus dated 25 May 2021, a total of 800,000 Class A performance rights have vested.

The performance milestone for the Class A Performance Rights was achieving a volume weighted average price (VWAP) of the Company's Shares of at least $0.60, calculated over 20 consecutive trading days (20 day VWAP). For further information pls contact: Ross Cotton Managing Director Tel: +61 8 6489 0600 E: Authorised for release by the Managing Director of Balkan Mining and Minerals Limited

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