ENCOUNTER RESOURCES LIMITED — Share Issue/Capital Change 2022

May 10, 2022

ASX Announcement 11 May 2022

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EXERCISE OF OPTIONS

Encounter Resources Ltd (“Encounter”) advises of the issue of 400,000 ordinary fully paid shares on the exercise of unlisted employee options.

An Appendix 2A will be lodged with ASX following this announcement. A cleansing notice is also attached with respect to the issue.

This announcement has been authorised for release by the Managing Director of Encounter Resources Limited

For further information, please contact:

Will Robinson Michael Vaughan Managing Director Fivemark Partners +61 8 9486 9455 +61 422 602 720 contact@enrl.com.au michael.vaughan@fivemark.com.au

Encounter Resources Limited (ABN 47 109 815 796) Suite 2, 1 Alvan St Subiaco WA 6008

P +61 8 9486 9455 E contact@enrl.com.au www.enrl.com.au

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11 May 2022

The Manager Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir or Madam

ENCOUNTER RESOURCES LIMITED SECONDARY TRADING NOTICE – NOTIFICATION PURSUANT

TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Encounter Resources Limited (ACN 109 815 796) (“Encounter”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“the Act”).

Encounter advises that it has issued on 11 May 2022 400,000 new shares in the Company pursuant to the exercise of options without disclosure under Part 6D.2 of the Corporations Act.

Encounter gives notice under section 708A(5)(e) of the Act that:

• (a) The shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (b) as a disclosing entity, Encounter is subject to regular reporting and disclosure obligations;

• (c) as at the date of this notice, Encounter has complied with the provisions of Chapter 2M as they apply to Encounter and section 674 of the Act; and

• (d) as at the date of this notice, there is no information that is ‘excluded information’ within the meaning of section 708A(7) and 708A(8) of the Act which is required to be disclosed by Encounter under section 708A(6)(e) of the Act.

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Dan Travers Company Secretary