EQ RESOURCES LIMITED — Share Issue/Capital Change 2026

Mar 23, 2026

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

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Announcement Summary

Entity name

EQ RESOURCES LIMITED

Date of this announcement

Tuesday March 24, 2026

The +securities the subject of this notification are:

+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
New class - code	OPTION EXPIRING 22-MARCH-2029 EX $0.15	39,000,000	23/03/2026
to be confirmed

Refer to next page for full details of the announcement

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

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Appendix 3G - 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

EQ RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 115009106

1.3 ASX issuer code

EQR

1.4 The announcement is

New announcement

1.5 Date of this announcement

24/3/2026

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+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:

does not have an existing ASX security code ("new class")

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

ASX +security code New class - code to be confirmed	+Security description OPTION EXPIRING 22-MARCH-2029 EX $0.15
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

23/3/2026

Will all the +securities issued in this class rank equally in all respects from their issue date? 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
Mr Oliver Kleinhempel	Oliver Kleinhempel	6,000,000
Mr Craig Bradshaw	Mr Craig Richard Bradshaw	15,000,000
Mr Stephen Layton	Bodie Investments Pty Ltd Super Fund A/C>	6,000,000
Mr Stephen Weir	Mr Stephen Robert Weir	6,000,000
Mr Zhui Pei Yeo	Zhui Pei Yeo	6,000,000

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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03056284-2A1653519&v=undefined

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.15000000 22/3/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

EQR : ORDINARY FULLY PAID

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

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or a summary of the terms

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03056284-2A1653519&v=undefined Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 39,000,000

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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)

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted	on ASX)
	Total number of
ASX +security code and description	+securities on issue
EQR : ORDINARY FULLY PAID	5,028,064,083
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
EQRAU : OPTION EXPIRING 03-NOV-2028 EX $0.0512	4,000,000
EQRAO : OPTION EXPIRING 03-JUL-2026 EX $0.10	11,200,000
EQRAR : OPTION EXPIRING 22-NOV-2026 EX $0.10	20,000,000
EQRAV : OPTION EXPIRING 27-NOV-2028 EX $0.05	5,000,000
EQRAW : OPTION EXPIRING 13-OCT-2028 EX $0.05	5,000,000
EQRAS : OPTION EXPIRING 29-NOV-2027 EX $0.07	55,230,000
EQRAQ : OPTION EXPIRING 29-MAY-2027 EX $0.0675	168,391,956
New class - code to be confirmed : OPTION EXPIRING 22-MARCH-2029 EX $0.15	39,000,000

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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

16/3/2026

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