CENTAURUS METALS LIMITED — Share Issue/Capital Change 2022

Mar 22, 2022

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

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Announcement Summary

Entity name

CENTAURUS METALS LIMITED

Date of this announcement

Wednesday March 23, 2022

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 expiring 31/12/25, exercise price 601,398 22/03/2022 to be confirmed NIL

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

CENTAURUS METALS 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

009468099

1.3 ASX issuer code

CTM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/3/2022

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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:

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Other

Please specify

Options provided to executive directors as part of remuneration and incentive arrangements.

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

New +securities ASX +security code +Security description New class - code to be confirmed Unlisted options expiring 31/12/25, exercise price NIL +Security type ISIN code Options Date the +securities the subject of this notification were issued 22/3/2022 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. Refer to the Notice of Meeting and Explanatory Statement https://www.asx.com.au/asxpdf/20220223/pdf/4569ddl8lm58rt.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 31/12/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description CTM Ordinary shares Any other information the entity wishes to provide about the +securities the subject of this notification

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

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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

Options provided to executive directors as part of remuneration and incentive arrangements. The proposed issue was detailed in the Notice of Meeting dated 23/02/22 and was approved by shareholders on 23/03/22.

Issue details

Number of +securities 601,398

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

Other

Additional Details

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

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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
CTM : ORDINARY FULLY PAID	422,946,788
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
CTMAS : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES	4,289,464
CTMAU : OPTION EXPIRING 31-MAY-2022 EX 37.8C	1,400,000
CTMAV : OPTION EXPIRING 31-MAY-2023 EX 39.2C	1,400,000
CTMAW : OPTION EXPIRING 31-DEC-2023 EX NIL	2,362,941
CTMAX : OPTION EXPIRING 31-MAY-2024 EX 40.5C	1,400,000
CTMAA : OPTION EXPIRING 31-DEC-2024 EX NIL	1,395,452
New class - code to be confirmed : Unlisted options expiring 31/12/25, exercise price NIL	601,398

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

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

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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? 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? No

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)? No

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