GOLD MOUNTAIN LIMITED — Share Issue/Capital Change 2021

Dec 21, 2021

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

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Announcement Summary

Entity name

GOLD MOUNTAIN LIMITED

Date of this announcement

Wednesday December 22, 2021

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	Incentive options exercisable at $0.12 each on or	20,000,000	21/12/2021
to be confirmed	before 5 years from issue

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

GOLD MOUNTAIN 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

ACN

Registration number

115845942

1.3 ASX issuer code

GMN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

22/12/2021

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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 Incentive options exercisable at $0.12 each on or before 5 years from issue +Security type ISIN code Options Date the +securities the subject of this notification were issued 21/12/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Tim Cameron	R and E Solutions Pty Ltd	10,000,000
Tim Cameron	T & N SUPER PTY LTD	10,000,000

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. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02443378-2A1334421?access_token=8 3ff96335c2d45a094df02a206a39ff4

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.12000000 21/12/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

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Description

GMN: Fully paid ordinary shares

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 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02443378-2A1334421?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Issue details

Number of +securities

20,000,000

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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
GMN : ORDINARY FULLY PAID	1,070,149,170
GMNOA : OPTION EXPIRING 16-FEB-2023	111,599,898
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
GMNAR : OPTION EXPIRING 08-OCT-2022 EX $0.1475	39,000,000
GMNAC : OPTION EXPIRING VARIOUS DATES EX $0.1475	36,323,463
GMNAS : OPTION EXPIRING 31-DEC-2022 EX $0.1475	11,000,000
GMNAT : OPTIONS EXPIRING 31-DEC-2025 EX $0.1475	20,000,000
GMNAG : OPTION EXPIRING 05-JUN-2022 EX $0.1475	11,131,539
New class - code to be confirmed : Incentive options exercisable at $0.12 each on or before	20,000,000
5 years from issue

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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