DALAROO METALS LTD — Share Issue/Capital Change 2024

Oct 31, 2024

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----- Start of picture text ----- ASX ANNOUNCEMENT: ASX: DAL 1 November 2024----- End of picture text -----

Cancellation of Performance Rights

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Dalaroo Metals Ltd ( ASX: DAL , “Dalaroo” or “Company”) wishes to advise that it has cancelled 2,700,000 Performance Rights that had lapsed due to the former Managing Director, Harjinder Kehal, and Non Executive Director, Robert Beeck, ceasing employment with the Company before the vesting date of those Performance Rights, being 30 June 2025. The Performance Rights had previously been issued under the Company’s shareholder approved employee securities incentive plan and had been approved by Shareholders at the 2022 Annual General Meeting.

The capital structure of the Company following the cancellation of these Performance Rights is as follows:

Quoted Securities	Number
Fully Paid Ordinary Shares	248,375,000
Unquoted Securities	Number
Options exercisable at $0.25 expiring on 28 September 2025	8,000,000
Options exercisable at $0.08 expiring on 5 June 2025	14,375,000
Options exercisable at $0.036 expiring on 23 August 2029	182,187,500
Performance Rights 1	1,200,000
Performance Rights 2	8,000,000

An Appendix 3H in relation to cancellation of the Performance Rights has been lodged with the ASX.

ENDS

Authorised for release to the ASX by the Board of Dalaroo Metals Ltd.

For more Information:

Please visit our website for more information: www.dalaroometals.com.au

Michael Brown, Managing Director on +61 466 856 061

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