EMERALD RESOURCES NL — Capital/Financing Update 2021

Nov 25, 2021

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

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Announcement Summary

Entity name

EMERALD RESOURCES NL

Date of this announcement

Friday November 26, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that 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
EMRAK	OPTION EXPIRING 29-JUL-2026 EX $1.09	500,000	25/11/2021

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

EMERALD RESOURCES NL

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

72009795046

1.3 ASX issuer code

EMR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

26/11/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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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has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

EMRAK : OPTION EXPIRING 29-JUL-2026 EX $1.09

Date the +securities the subject of this notification were issued

25/11/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class

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Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Michael Evans	Michael Evans	500,000

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer ASX announcement dated 18 October 2021

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

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Issue details

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Number of +securities

500,000

Number of +securities

0

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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
EMR : ORDINARY FULLY PAID	515,397,207
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
EMRAF : OPTION EXPIRING 08-OCT-2025 EX $0.77	650,000
EMRAH : OPTION EXPIRING 23-FEB-2026 EX $0.95	550,000
EMRAG : OPTION EXPIRING 04-JAN-2026 EX $0.82	600,000
EMRAB : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES	3,283,750
EMRAE : OPTION EXPIRING 30-JUL-2025 EX 67C	5,200,000
EMRAI : OPTION EXPIRING 22-MAR-2026 EX $0.94	350,000
EMRAD : OPTION EXPIRING 19-MAY-2025 EX 53C	750,000
EMRAK : OPTION EXPIRING 29-JUL-2026 EX $1.09	3,375,000
EMRAC : OPTION EXPIRING 12-MAR-2025 EX 51C	600,000
EMRAJ : OPTION EXPIRING 03-MAY-2026 EX $1.02	150,000

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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