BAYAN MINING AND MINERALS LIMITED — Share Issue/Capital Change 2021

Nov 9, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

BALKAN MINING AND MINERALS LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday November 10, 2021

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
BMM	ORDINARY FULLY PAID	250,000	10/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

BALKAN MINING AND MINERALS LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 67646716681

1.3 ASX issuer code

BMM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

10/11/2021

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The issue of ordinary shares relates to the execution of a technical consultant mandate as announced to the ASX on 10 November 2021. Pursuant to the agreement, the shares were to be issued on execution of the mandate.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within 12 months in a manner that would breach section 707(3) or 1012C(6)

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B Additional +securities to be quoted in an existing class ASX +security code and description BMM : ORDINARY FULLY PAID Issue date 10/11/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 250,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities The shares are being issued in consideration for technical consulting services. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.595000 Any other information the entity wishes to provide about the +securities to be quoted The purpose(s) for which the entity is issuing the securities To pay for services rendered Please provide additional details The shares are being issued to in consideration for technical consulting services as per announcement released to the ASX on 10 November 2021.

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
BMM : ORDINARY FULLY PAID	32,750,000
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
BMMAA : ORDINARY FULLY PAID RESTRICTED	13,300,000
BMMAC : PERFORMANCE RIGHTS RESTRICTED	1,600,000
BMMAB : OPTION EXPIRING 06-JUL-2024 RESTRICTED	3,500,000
BMMAD : OPTION EXPIRING 31-AUG-2023 EX $1.00	250,000
BMMAE : PERFORMANCE RIGHTS	500,000
BMMAF : OPTION EXPIRING 31-AUG-2023 EX $0.75	250,000

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

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

250,000 shares

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A

Application for quotation of +securities

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