CLASSIC MINERALS LTD — Capital/Financing Update 2022

Mar 21, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

CLASSIC MINERALS LTD

Announcement Type

New announcement

Date of this announcement

Tuesday March 22, 2022

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
CLZ	ORDINARY FULLY PAID	2,451,705,882	22/03/2022
CLZOA	OPTION EXPIRING 03-FEB-2024	492,426,471	22/03/2022

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

CLASSIC MINERALS LTD

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 77119484016

1.3 ASX issuer code

CLZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

22/3/2022

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
21-Mar-2022 14:36	New - Proposed issue of securities -	A placement or other type of issue
	CLZ

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description CLZ : ORDINARY FULLY PAID

Issue date 22/3/2022

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over	7	100.00 %

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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----- Start of picture text ----- Number of +securities to be quoted1,764,705,882Are the +securities being issued for a cash consideration?YesIn what currency is the cash consideration being paid? What is the issue price per +security?AUD - Australian Dollar AUD 0.00085000Any other information the entity wishes to provide about the +securities to be quoted----- End of picture text -----

	ASX +security code and description
	CLZ : ORDINARY FULLY PAID
	Issue date
	22/3/2022
	Distribution Schedule
	Provide a distribution schedule for the	new +securities according	to the categories set out in the left hand column -
	including the number of recipients and the total percentage of the		new +securities held by the recipients in each
	category.
			Total percentage of +securities held
	Number of +securities held	Number of holders	For example, to enter a value of 50%
			please input as 50.00
	1 - 1,000		%
	1,001 - 5,000		%
	5,001 - 10,000		%
	10,001 - 100,000		%
	100,001 and over	5	100.00 %

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 687,000,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities 687,000,000 shares issued at a deemed value of $ 0.001 per share to offset debts of $ 687,000.00 Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.00000001 Any other information the entity wishes to provide about the +securities to be quoted

ASX +security code and description CLZOA : OPTION EXPIRING 03-FEB-2024 Issue date 22/3/2022 Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over	7	100.00 %

Application for quotation of +securities

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Application for quotation of +securities

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Issue details

Number of +securities to be quoted

441,176,471

Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching Options issued on a 1:4 basis for the placement Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.0000001

Any other information the entity wishes to provide about the +securities to be quoted

ASX +security code and description

CLZOA : OPTION EXPIRING 03-FEB-2024

Issue date

22/3/2022

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held Number of +securities held Number of holders For example, to enter a value of 50% please input as 50.00 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over 1 100.00 %

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

51,250,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

51,250,000 CLZOA Options issued under terms of a funding agreement at a deemed issue price of $ 0.0000001 per Option

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.0000001

Any other information the entity wishes to provide about the +securities to be quoted

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
CLZ : ORDINARY FULLY PAID	30,071,705,378
CLZOA : OPTION EXPIRING 03-FEB-2024	5,242,872,354

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

ASX +CLZABCLZAA	security c	ode and d	escription			Total numb+securities on i	er ofssue,062,334
	: OPTION: OPTION	EXPIRINEXPIRIN	G 01-MAR-2022 EX 0.2CG 05-NOV-2021 EX 0.7C			1,152,80199,333

Application for quotation of +securities

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