CORE ENERGY MINERALS LTD — Share Issue/Capital Change 2021

Jun 23, 2021

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

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Announcement Summary

Entity name

OAR RESOURCES LIMITED

Date of this announcement

Thursday June 24, 2021

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 exercisable at $0.03 each and	177,000,000	24/06/2021
to be confirmed	expiring 24 June 2023

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

OAR 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

ABN

Registration number

27009118861

1.3 ASX issuer code

OAR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

24/6/2021

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Unlisted options exercisable at $0.03 each and expiring 24 June 2023.

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 exercisable at $0.03 each and expiring 24 June 2023 +Security type ISIN code Options Date the +securities the subject of this notification were issued 24/6/2021 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. https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02384885

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.03000000 24/6/2023 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description 1 fully paid OAR ordinary share for every 1 option exercised. Any other information the entity wishes to provide about the +securities the subject of this notification 1 free attaching option for every 1 ordinary share issued under the Placement announced on 16 June 2021.

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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

N/A , please refer to Appendix 3B lodged with ASX on 16 June 2021.

Issue details

Number of +securities 177,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching to ordinary share issued under the Placement announced on 16 June 2021. Purpose of the issue Other Additional Details Free attaching to ordinary share issued under the Placement announced on 16 June 2021.

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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
OAROC : OPTION EXPIRING 30-NOV-2021	121,261,905
OAR : ORDINARY FULLY PAID	1,619,550,440
OARO : OPTION EXPIRING 31-DEC-2021	546,367,293
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
OARAB : ORDINARY FULLY PAID RESTRICTED	10,000,000
OARAD : DEFERRED RIGHTS	30,000,000
OARAE : RETENTION RIGHTS	13,860,000
OARAF : PERFORMANCE RIGHTS	28,140,000
New class - code to be confirmed : Unlisted options exercisable at $0.03 each and expiring	177,000,000
24 June 2023

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? 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?

177,000,000

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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