CORE LITHIUM LTD — Capital/Financing Update 2026

Apr 9, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

CORE LITHIUM LTD

Date of this announcement

Friday April 10, 2026

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

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	Convertible notes.	25,926,821	10/04/2026
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

CORE LITHIUM LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ABN 80146287809

1.3 ASX issuer code

CXO

1.4 The announcement is

New announcement

1.5 Date of this announcement

10/4/2026

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Appendix 3G - 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:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
19-Mar-2026 09:49	New - Proposed issue of securities -	A placement or other type of issue
	CXO

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?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

44,073,179 convertible notes subject to FIRB approval and shareholder approval on 5 May 2026 and as detailed in the ASX announcement titled "$120 million Institutional Placement Supports Finniss FID" on 19 March 2026 and shareholder meeting notice lodged on 2 April 2026.

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 10/4/2026 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details

Number of +securities 25,926,821 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? USD - US Dollar USD 1.00000000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

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ASX +security code +Security description
New class - code to be confirmed Convertible notes.
+Security type ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were issued
10/4/2026
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/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03073461
and
https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03078907
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+Convertible debt securities Details

Type of +security Convertible note or bond +Security currency Face value Interest rate type USD - US Dollar USD 1.00000000 Variable rate Frequency of coupon/interest payments per year First interest payment date Quarterly 30/6/2026 s128F of the Income Tax Assessment Act status applicable to the +security Not applicable Is the +security perpetual (i.e. no maturity)? Maturity date No 10/4/2032 Select other feature(s) applicable to the +security None of the above Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)? No Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged

CXO : ORDINARY FULLY PAID

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Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

25,926,821

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
CXO : ORDINARY FULLY PAID	2,916,453,409
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
CXOAA : PERFORMANCE RIGHTS	34,624,913
CXOAW : OPTION EXPIRING 30-JUN-2027 EX $0.224	6,500,000
New class - code to be confirmed : Convertible notes.	25,926,821

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

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