ESTRELLA RESOURCES LIMITED — Share Issue/Capital Change 2021

Jun 30, 2021

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

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Announcement Summary

Entity name

ESTRELLA RESOURCES LIMITED

Date of this announcement

Thursday July 01, 2021

The +securities the subject of this notification are: Other

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	Unquoted Options with an exercise price of $0.10	10,000,000	01/07/2021
to be confirmed	expiring 30 June 2022

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

ESTRELLA 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

ABN

Registration number

39151155207

1.3 ASX issuer code

ESR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/7/2021

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Unquoted options issued as per Appendix 3B dated 10 June 2021

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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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) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed Unquoted Options with an exercise price of $0.10 expiring
30 June 2022
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+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
1/7/2021
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.10000000 30/6/2022 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Fully paid ordinary shares Any other information the entity wishes to provide about the +securities the subject of this notification

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

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Pursuant to a Corporate Advisory Agreement as per Appendix 3B as announced on10 June 2021

Issue details

Number of +securities

10,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to a Corporate Advisory Agreement with Henslow Pty Ltd for corporate broking services for a period of 12 months

Purpose of the issue

Other

Additional Details

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

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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
ESR : ORDINARY FULLY PAID	1,005,696,722
ESROA : OPTION EXPIRING 31-JUL-2023	254,363,575
ESRNB : ORDINARY FULLY PAID EX OPTION DEFERRED	207,295,897

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
ESRAH : CONVERTIBLE NOTES	29
ESRAM : OPTION EXPIRING 20-NOV-2022 EX 3C	11,500,000
ESRAO : OPTION EXPIRING 17-NOV-2023 EX $0.20	16,600,000
New class - code to be confirmed : Unquoted Options with an exercise price of $0.10	10,000,000
expiring 30 June 2022

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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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

10,000,000 unquoted options

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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