GENESIS MINERALS LIMITED — Share Issue/Capital Change 2021

Nov 24, 2021

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

GENESIS MINERALS LIMITED

Date of this announcement

Thursday November 25, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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
GMDAZ	OPTION EXPIRING VARIOUS DATES EX	408,333,333	25/11/2021
	VARIOUS PRICES

Refer to next page for full details of the announcement

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

1 / 6

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

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

GENESIS MINERALS 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

72124772041

1.3 ASX issuer code

GMD

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

25/11/2021

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

2 / 6

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

==> picture [21 x 22] intentionally omitted <==

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 23-Nov-2021 09:34 Update - Update - Proposed issue of A placement or other type of issue securities - GMD

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

80,347,928 Entitlement Offer Shares 40,173,964 Entitlement Offer Options

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

3 / 6

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

==> picture [21 x 22] intentionally omitted <==

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

GMDAZ : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

25/11/2021

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

Issue of Placement Options, Consultant Options and Director Options as approved by shareholders at the Company's Annual General Meeting held on 19 November 2021. Securities issued under a Prospectus lodged with ASX on 23 November 2021.

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

4 / 6

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

==> picture [21 x 22] intentionally omitted <==

Issue details

Number of +securities

133,333,333

Were the +securities issued for a cash consideration?

==> picture [9 x 8] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Issue of free-attaching unlisted Placement Options, exercise price of $0.10 per option, expiring 25/11/23

Number of +securities

245,000,000

Were the +securities issued for a cash consideration?

==> picture [9 x 9] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Issue of unlisted Consultant Options to Raleigh Finlayson pursuant to the terms and conditions of a consulting agreement, exercise price of $0.105 per option, expiry dates of 25/11/24 and 25/11/25

Number of +securities

30,000,000

Were the +securities issued for a cash consideration?

==> picture [9 x 9] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Issue of 15M unlisted Director Options to each of Michael Bowen and Neville Power pursuant to director appointments, exercise price of $0.105 per option, expiring 25/11/25

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

5 / 6

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

==> picture [21 x 22] intentionally omitted <==

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
GMD : ORDINARY FULLY PAID	2,143,771,173
GMDND : ORDINARY FULLY PAID DEFERRED	80,347,928

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
GMDAZ : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	417,750,000
GMDAAB : OPTION EXPIRING 17-DEC-2023 DEFERRED	40,173,964
GMDAJ : PERFORMANCE RIGHTS	2,850,000

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

6 / 6