GBM RESOURCES LIMITED. — Share Issue/Capital Change 2023

Feb 19, 2023

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

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Announcement Summary

Entity name

GBM RESOURCES LIMITED

Date of this announcement

Monday February 20, 2023

The +securities the subject of this notification are:

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+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	Unlisted options exercisable at $0.061 expiring 19	4,200,000	20/02/2023
to be confirmed	February 2027

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

GBM 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

91124752745

1.3 ASX issuer code

GBZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

20/2/2023

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+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:

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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

ASX +security code +Security description New class - code to be confirmed Unlisted options exercisable at $0.061 expiring 19 February 2027 +Security type ISIN code Options Date the +securities the subject of this notification were issued 20/2/2023 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? No 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. Refer Notice of Meeting lodged with ASX on 15 May 2020 for material terms and conditions of the securities being issued https://www.asx.com.au/asxpdf/20200515/pdf/44hvr1mckvftfk.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.06100000 19/2/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Ordinary fully paid share (GBZ)

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

Refer Notice of Meeting lodged with ASX on 15 May 2020 for material terms and conditions of the securities being issued https://www.asx.com.au/asxpdf/20200515/pdf/44hvr1mckvftfk.pdf

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

None

Issue details

Number of +securities

4,200,000

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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
GBZ : ORDINARY FULLY PAID	562,765,578
GBZOB : OPTION EXPIRING 06-JUL-2023	50,567,301
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
GBZAO : OPTION EXPIRING 07-FEB-2025 EX $0.075	38,738,706
GBZAI : PERFORMANCE RIGHTS EXPIRING 31-OCT-2025	1,185,000
GBZAJ : OPTION EXPIRING 31-OCT-2025 EX $0.18	855,000
GBZAD : OPTION EXPIRING 06-APR-2023 EX $0.096	16,074,152
GBZAN : OPTION EXPIRING 01-DEC-2026 EX $0.069	8,000,000
GBZAF : OPTION EXPIRING 14-SEP-2024 EX 21C	300,000
GBZAM : CONVERTIBLE NOTES	2
GBZAG : OPTION EXPIRING 11-FEB-2025 EX $0.18	3,900,000
GBZAH : PERFORMANCE RIGHTS EXPIRING 26-AUG-2025	378,262
New class - code to be confirmed : Unlisted options exercisable at $0.061 expiring 19	4,200,000
February 2027

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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