ARIANA RESOURCES PLC — Share Issue/Capital Change 2026

May 21, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Announcement Summary

Entity name
ARIANA RESOURCES PLC

Date of this announcement
Friday May 22, 2026

The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX
Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
AA2AG	OPTION EXPIRING 31-DEC-2027 EX $0.50	1,733,334	22/05/2026

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 1 - Entity and announcement details

1.1 Name of entity
ARIANA RESOURCES PLC
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type
Registration number
ABN
32681342334

1.3 ASX issuer code
AA2

1.4 The announcement is
New announcement
1.5 Date of this announcement
22/5/2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
22-Dec-2025 09:15	New - Proposed issue of securities - AA2	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?
Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B
Tranche 3 CDIs and CDI Options

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description
AA2AG : OPTION EXPIRING 31-DEC-2027 EX $0.50

Date the +securities the subject of this notification were issued
22/5/2026

Any other information the entity wishes to provide about the +securities the subject of this notification
Issue of Tranche 2 CDI Options under the Xinhai investment agreement and corporate advisory agreement.

Issue details

Number of +securities
1,666,667

Were the +securities issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Issued to Xinhai upon completion of Tranche 2 conditions (see ASX announcement on 22 December 2025) and following the receipt of shareholder approval.

Number of +securities
66,667

Were the +securities issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
CDI options attached to the CDIs issued to corporate advisers for management and success fees in relation to the Tranche 2 investment, in lieu of cash consideration.

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

ASX +security code and description	Total number of +securities on issue
AA2 : CHESS DEPOSITARY INTERESTS 1:10	46,087,384

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
AA2AG : OPTION EXPIRING 31-DEC-2027 EX $0.50	15,600,000
AA2AC : CHESS DEPOSITARY INTERESTS 1:10 RESTRICTED	400,875
AA2AD : COMMON STOCK RESTRICTED	393,806,472
AA2AE : OPTION EXPIRING 31-MAR-2029 RESTRICTED	25,000,000
AA2AA : COMMON STOCK	2,193,702,259
AA2AF : OPTION EXPIRING 26-AUG-2029 RESTRICTED	4,444,444
AA2AB : 1:10 CDI EQUIVALENT TO AA2AA AND AA2AD	258,393,603

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities