EV RESOURCES LTD — Share Issue/Capital Change 2023

Dec 21, 2023

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

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Announcement Summary

Entity name

EV RESOURCES LTD

Date of this announcement

Friday December 22, 2023

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 Performance Shares 42,500,000 22/12/2023 to be confirmed

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

EV RESOURCES LTD

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

66009144503

1.3 ASX issuer code

EVR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

22/12/2023

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Appendix 3B was lodged on 27 October 2023

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

New +securities ASX +security code +Security description New class - code to be confirmed Performance Shares +Security type ISIN code Other Date the +securities the subject of this notification were issued 22/12/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer Company's Notice of AGM lodged with ASX on 27 October 2023

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

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

Appendix 3B was lodged on 27 October 2023

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Issue details

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Number of +securities

42,500,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Performance linked incentive to align interests with shareholders, motivate and reward performance and to provide a cost effective remuneration.

Purpose of the issue

Other

Additional Details

Performance linked incentive

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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
EVR : ORDINARY FULLY PAID	1,099,588,331
EVRO : OPTION EXPIRING 31-AUG-2024	108,333,332
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
EVRAA : CONVERTIBLE NOTES	732,250
New class - code to be confirmed : Performance Shares	42,500,000

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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