ARROW MINERALS LTD — Capital/Financing Update 2023

Feb 22, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

ARROW MINERALS LTD

Date of this announcement

Thursday February 23, 2023

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

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
AMDAA	OPTION EXPIRING VARIOUS DATES EX	233,275,058	23/02/2023
	VARIOUS PRICES

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

ARROW MINERALS LTD

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

1.2 Registered number type

ACN

Registration number

112609846

1.3 ASX issuer code

AMD

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/2/2023

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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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 Announcement Title Selected Appendix 3B to submit quotation Time request 15-Feb-2023 09:55 New - Proposed issue of securities - A placement or other type of issue AMD

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

Remaining to be issued are: 50,419,582 Tranche 1 Placement Shares 25,209,791 Tranche 1 Placement Options

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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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 AMDAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Date the +securities the subject of this notification were issued 23/2/2023 Any other information the entity wishes to provide about the +securities the subject of this notification Placement Options exercisable at $0.00825 on or before 22/02/2024

Issue details Number of +securities 162,062,937 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching options pursuant to a Placement

ASX +security code and description

AMDAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Date the +securities the subject of this notification were issued 23/2/2023

Any other information the entity wishes to provide about the +securities the subject of this notification Broker Options exercisable at $0.00825 on or before 22/02/2024

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Issue details

Number of +securities 31,212,121

Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 0.00001000

ASX +security code and description

AMDAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued 23/2/2023 Any other information the entity wishes to provide about the +securities the subject of this notification Advisor Options exercisable at $0.007 on or before 22/02/2026

Summary of securities after issue of all securities advised per ASX Announcement dated 23 February 2023 are: AMD: Ordinary Shares - 2,857,890,967 AMDAD: Convertible Notes - 1,000,000 AMDAA: Options - 345,825,058 AMDAB: Performance Rights - 112,550,000

Issue details

Number of +securities 40,000,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 0.00001000

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Part 4 - +Securities on issue

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

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
AMD : ORDINARY FULLY PAID	2,533,765,094
4.2 Unquoted +Securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
AMDAD : CONVERTIBLE NOTES	1,000,000
AMDAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	345,825,058
AMDAB : PERFORMANCE RIGHTS	165,682,300

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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