AUREKA LIMITED — Share Issue/Capital Change 2021

Mar 31, 2021

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----- Start of picture text ----- ASX Announcement1 April 2021----- End of picture text -----

LAPSE OF UNLISTED OPTIONS

Navarre Minerals Limited (ASX Code: NML) (the Company) advises that 1,000,000 unlisted employee options over fully paid ordinary shares in the Company (exercise price 12 cents, expiring 17 May 2024) lapsed on 31 March 2021 in accordance with their terms under the Navarre Minerals Limited Option Plan.

Below is a summary of the Company’s quoted and unquoted securities as at 1 April 2021 following the lapse of the 1,000,000 options referred to above:

Number	Class	Exercise price
Quoted Securities
546,242,151	Ordinary shares	N/A
Unquoted Securities
1,000,000	06/06/21 options	$0.15
200,000	31/12/21 options	$0.09
1,800,000	17/05/22 options	$0.13
2,000,000	29/01/23 options	$0.15
3,900,000	10/04/23 options	$0.15
1,700,000	21/02/24 options	$0.12
2,800,000	17/05/24 options	$0.12
1,500,000	31/12/22 performance rights
1,300,000	30/06/23 performance rights
1,000,000	31/12/24 performance rights

– ENDS –

This announcement has been approved for release by the Board of Directors of Navarre Minerals Limited.

By order of the Board

Mathew Watkins Company Secretary

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