CENTAURUS METALS LIMITED — Share Issue/Capital Change 2023

May 25, 2023

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

Friday May 26, 2023

The +securities the subject of this notification are: 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 31/12/26, exercise price	688,775	26/05/2023
to be confirmed	nil

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

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

ABN

Registration number

40009468099

1.3 ASX issuer code

CTM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

26/5/2023

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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:

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Other

Please specify

Options issued to exec dirs as part of remuneration arrangements approved by shareholders 26/05/23

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 31/12/26, exercise price nil +Security type ISIN code Options Date the +securities the subject of this notification were issued 26/5/2023 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://announcements.asx.com.au/asxpdf/20230427/pdf/45p2n5b2nnccsy.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 31/12/2026 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

Options provided to executive directors as part of remuneration and incentive arrangements. The proposed issue was detailed in the Notice of Meeting dated 27/04/23 and was approved by shareholders on 26/05/23.

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

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

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the market in an Appendix 3B

N/A

Issue details

Number of +securities

688,775

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	427,106,273
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	1,939,462
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
CTMAZ : OPTION EXPIRING 31-DEC-2026 EX NIL	846,389
CTMAY : OPTION EXPIRING 31-DEC-2025 EX NIL	1,225,220
New class - code to be confirmed : Unlisted options expiring 31/12/26, exercise price nil	688,775

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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