BRIGHTSTAR RESOURCES LIMITED — Share Issue/Capital Change 2021

Nov 30, 2021

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

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Announcement Summary

Entity name

BRIGHTSTAR RESOURCES LIMITED

Date of this announcement

Wednesday December 01, 2021

The +securities the subject of this notification are:

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Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code Unlisted Options 2,200,000 01/12/2021 to be confirmed

Refer to next page for full details of the announcement

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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

BRIGHTSTAR RESOURCES LIMITED

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

100727491

1.3 ASX issuer code

BTR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/12/2021

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Unlisted options issued to employees

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted Options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
1/12/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.05000000 1/12/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
One fully paid ordinary share (ASX: BTR)
Any other information the entity wishes to provide about the +securities the subject of this notification
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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Appendix 3B lodged on 30-Nov-2021 http://www.brightstarresources.com.au/asx-announcements/

Issue details Number of +securities 2,200,000

Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issued to employees for provision of services Purpose of the issue Other Additional Details

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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
BTR : ORDINARY FULLY PAID	526,688,455
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
BTRAP : OPTION EXPIRING 09-APR-2023 EX 1C	15,000,000
BTRAQ : OPTION EXPIRING 22-JUN-2024 EX $0.045	5,000,000
BTRAD : OPTION EXPIRING 31-DEC-2023 EX $0.10	4,000,000
BTRAB : OPTION EXPIRING 31-DEC-2023 EX $0.06	4,000,000
BTRAC : OPTION EXPIRING 31-DEC-2023 EX $0.08	4,000,000
BTRAE : OPTION EXPIRING 12-FEB-2024 EX $0.10	1,000,000
New class - code to be confirmed : Unlisted Options	2,200,000

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

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did 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? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

29/11/2021

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