AERIS RESOURCES LIMITED — Director's Dealing 2023

Nov 13, 2023

ASX/MEDIA RELEASE

14 November 2023

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Appendix 3Y – Late Lodgement Notice

Aeris Resources Limited (ASX: AIS) ( Aeris or the Company ) refers to the Appendix 3Y lodged today in relation to the performance rights issued to Mr Andre Labuschagne ( Director Performance Rights ) under the Company’s 2020 and 2022 Equity Incentive Plans (lodged with ASX on 28 October 2020 and 18 October 2022, respectively).

As set out in the manual Appendix 3G ( Appendix 3G ) and accompanying announcement ( Initial Announcement ) lodged immediately prior to this announcement, the Company recently discovered that, due to inadvertent oversight, it had failed to comply with its disclosure obligations in relation to issue, consolidation and cancellation of performance rights during the period between 12 November 2021 and 31 October 2023.

This announcement relates to the Director Performance Rights, which were issued and consolidated between 1 March 2021 and 23 December 2022 ( Relevant Period ) as set out in Table A and Table B below.

The Company notes that the issue of the Director Performance Rights was previously disclosed to the market in the Company’s annual reports released in 2021, 2022 and 2023 (see ASX Announcements dated 26 October 2021, 18 October 2022 and 12 October 2023 respectively).

Table A – initial issue, forfeiture and consolidation of Director Performance Rights

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----- Start of picture text ----- Tranches Date of issue Total issued Forfeited pre- Post- Forfeited Balance pre-consolidation Consolidation post- vestingTotal consolidationTranche 1 March 2021 7,142,857 0 1,020,409 0 1,020,4091Tranche 26 November 2,789,062 0 398,437 0 398,4372 2021Tranche 23 December 1,152,946 0 1,152,946 0 1,152,9463 2022Total 2,571,792----- End of picture text -----

Aeris Resources Limited ABN 30 147 131 977 Level 6, 120 Edward Street, Brisbane, QLD 4000, Australia E : info@aerisresources.com.au T: +61 7 3034 6200 aerisresources.com.au

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Table B – subsequent forfeiture and conversion of Director Performance Rights

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----- Start of picture text ----- Tranches Date of issue Balance pre- Cancellation Conversion Currentvesting [1] post-vesting post-vestingTranche 1 1 March 2021 1,020,409 255,102 765,307 0Tranche 2 26 November 2021 398,437 0 0 398,437Tranche 3 23 December 2022 1,152,946 0 0 1,152,946Total 2,571,792 255,102 765,307 1,551,383----- End of picture text -----

Following consultation with ASX, the Company has issued the Appendix 3Y and released this announcement (in addition to the Appendix 3G and Initial Announcement) as part of its efforts to update the market.

Trading Policy

The Company notes that its trading policy ( Trading Policy ) prohibits certain persons associated with the Company from undertaking short-term trading in the Company’s securities or otherwise dealing in securities during particular periods ( Prohibition ). However, under section 9 of the Trading Policy, dealings in securities issued under an employee incentive scheme (such as the issue and consolidation of the Director Performance Rights) are excluded from the operation of the Prohibition.

Updated administrative procedures

The Company has now implemented internal administrative systems to ensure that all future issues, conversions and cancellations of unquoted equity securities issued by the Company to Company Directors are notified to ASX in accordance with the Company’s continuous disclosure obligations. The Company has also appointed Automic Group Pty Ltd as its external registry services provider to administer the issue of the performance rights under its 2022 Equity Incentive Plan. The Company has made this appointment to strengthen its corporate governance procedures in an effort to ensure that no similar instances of noncompliance occur in the future.

This announcement is authorised for lodgement by:

Andre Labuschagne Executive Chairman

ENDS

For further information, please contact: Mr. Andre Labuschagne Executive Chairman Tel: +61 7 3034 6200, or visit our website at www.aerisresources.com.au OR Stefan Edelman General Manager – Corporate Development Tel: +61 466 431 246

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