GLOBAL LITHIUM RESOURCES LIMITED — Share Issue/Capital Change 2022

Dec 20, 2022

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

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Announcement Summary

Entity name

GLOBAL LITHIUM RESOURCES LIMITED

Date of this announcement

Wednesday December 21, 2022

The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

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	Restricted Shares - escrowed to 6 May 2023	1,666,666	21/12/2022
to be confirmed

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

GLOBAL LITHIUM 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

58626093150

1.3 ASX issuer code

GL1

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/12/2022

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 2 - Issue details

2.1 The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

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in a class which is not quoted on ASX and which does not have an existing ASX security code ("new class")

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 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

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Are not, and are not intended to be, quoted by ASX

Existing +securities converting into a new class

FROM (Existing Class) ASX +Security code and description

GL1AD : PERFORMANCE RIGHTS RESTRICTED

TO (New Class) ASX +Security code New class - code to be confirmed

TO (New Class) +Security description

Restricted Shares - escrowed to 6 May 2023

TO (New Class) TO (New Class) +Security type ISIN code Ordinary fully or partly paid shares/units Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 21/12/2022 1,666,666 Is this all of the options or other +convertible securities on issue of that type? No Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Date the +securities the subject of this notification were issued

21/12/2022

Will the +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

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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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.

Ordinary fully or partly paid shares/units Details

+Security currency

AUD - Australian Dollar Are there CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 1,666,666

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 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
GL1 : ORDINARY FULLY PAID	212,698,256
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
GL1AE : OPTION EXPIRING 12-NOV-2024 EX $1.00	4,800,000
GL1AB : ORDINARY FULLY PAID RESTRICTED	42,432,443
GL1AC : OPTION EXPIRING 06-MAY-2025 RESTRICTED	4,780,614
GL1AD : PERFORMANCE RIGHTS RESTRICTED	2,333,334
GL1AF : PERFORMANCE RIGHTS EXPIRING 31-DEC-2022	400,000
GL1AG : PERFORMANCE RIGHTS EXPIRING 31-DEC-2023	400,000
GL1AH : PERFORMANCE RIGHTS EXPIRING 31-DEC-2024	400,000
GL1AI : PERFORMANCE RIGHTS EXPIRING 31-DEC-2025	400,000
New class - code to be confirmed : Restricted Shares - escrowed to 6 May 2023	1,666,666

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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

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