EMERALD RESOURCES NL — Share Issue/Capital Change 2023

Oct 1, 2023

ASX Announcement & Media Release

2 October 2023

ASX Code: EMR Shares on issue: 596,782,935 Market Cap: ~A$1.58 billion Cash: A$71.0 million (at 30 June 2023) Bullion: A$19.0 million (at 30 June 2023)

Board & Management

Jay Hughes, Non-Executive Chairman Morgan Hart, Managing Director Mick Evans, Executive Director

Simon Lee AO, Non-Executive Director Ross Stanley, Non-Executive Director Billie Slott, Non-Executive Director Michael Bowen, Non-Executive Director Mark Clements, Non-Executive Director and Company Secretary Bernie Cleary, Operations Manager Shannon Campbell, Chief Financial Officer

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ESOP Option Issue

Emerald Resources NL (ASX: EMR) ( Emerald ) advises that 1,770,000 unlisted $2.84 options expiring 12 September 2028 (Options) have been issued to eligible participants under the Company’s Incentive Plan, subject to various vesting conditions and 500,000 Options have been agreed to be issued to Executive Director, Mr Mick Evans on the same terms and conditions, subject to shareholder approval at the Company’s Annual General Meeting.

An Appendix 3B and Appendix 3G reflecting the revised capital structure following the allotment of the above securities has been released with this announcement.

This ASX release was authorised on behalf of the Emerald Board by: Morgan Hart Managing Director.

For further information please contact Emerald Resources NL

Company Highlights Team

• Highly credentialed gold project operational and in-house development team;

Morgan Hart Managing Director

 A proven history of building projects on time and on budget.

• Gold Production  Okvau Gold Mine commissioned on time on budget in 2021;

• Forecast +100,000oz gold production for 2024 at AISC US$780-US$850/oz;

Growth

• Significant exploration and resource growth potential in Cambodia: o Okvau Gold Mine reserve expansion; o Memot Project maiden resource expected 2023

• o 1,639km[2] of prospective tenure

• Significant exploration and resource growth potential in Australia (Bullseye Mining Limited (~76%): o North Laverton Gold Project located on the underexplored Dingo Range greenstone belt

• o Resource and reserve expected 2023 o 1,200km[2] of prospective tenure

ESG

• Focussed on a net positive impact on near-mine environmental and social values by targeting strict compliance with corporate governance, international guidelines (IFC PS’s) and local laws by engaging and collaborating with all stakeholders.

• Commitment to carbon neutral operations in Cambodia

Registered Office 1110 Hay Street West Perth WA 6005

T: +61 8 9286 6300 F: +61 8 6243 0032 W: www.emeraldresources.com.au