DALAROO METALS LTD — Share Issue/Capital Change 2026

May 27, 2026

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

Announcement Summary

Entity name
DALAROO METALS LTD

Date of this announcement
Thursday May 28, 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

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	10c Options expiring 27 May 2031	13,533,333	27/05/2026

Refer to next page for full details of the announcement

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

---

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

Part 1 - Entity and announcement details

1.1 Name of entity
DALAROO METALS 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
ACN
Registration number
648476699

1.3 ASX issuer code
DAL

1.4 The announcement is
New announcement

1.5 Date of this announcement
28/5/2026

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

---

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

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 Time	Announcement Title	Selected Appendix 3B to submit quotation request
05-May-2026 08:51	New - Proposed issue of securities - DAL	A placement or other type of issue

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
Director Shares and Options are subject to Shareholder Approval

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

---

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

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

• 27/5/2026

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

Issue details

• Number of +securities

• 13,533,333

• Were the +securities issued for a cash consideration?

• No

• Please describe the consideration being provided for the +securities

• Free attaching Options and Broker Options

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

---

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

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

ASX +security code	+Security description
New class - code to be confirmed	10c Options expiring 27 May 2031
+Security type	ISIN code
---	---
Options

Date the +securities the subject of this notification were issued
27/5/2026

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?
Yes

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/markets/company/DAL

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.10000000	27/5/2031

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
DAL : ORDINARY FULLY PAID

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

Issue details

Number of +securities
13,533,333

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

---

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

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)

ASX +security code and description	Total number of +securities on issue
DALO : OPTION EXPIRING 23-AUG-2029	199,964,519
DAL : ORDINARY FULLY PAID	330,201,545

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

ASX +security code and description	Total number of +securities on issue
DALAL : PERFORMANCE RIGHTS	35,500,000
DALAK : OPTION EXPIRING 12-DEC-2028 EX $0.08	3,000,000
DALAG : OPTION EXPIRING 16-MAY-2030 EX $0.05	6,000,000
New class - code to be confirmed : 10c Options expiring 27 May 2031	13,533,333

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