GOLDARC RESOURCES LIMITED — Share Issue/Capital Change 2021

Nov 18, 2021

Application for quotation of +securities

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

Announcement Summary

Entity name

TORIAN RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Friday November 19, 2021

The +securities to be quoted are:

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

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
TNROB	OPTION EXPIRING 30-NOV-2023 DEFERRED	349,419,175	19/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 6

Application for quotation of +securities

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

Part 1 - Entity and announcement details

1.1 Name of entity

TORIAN RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 72002261565

1.3 ASX issuer code

TNR

1.4 The announcement is

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

New announcement

1.5 Date of this announcement

19/11/2021

Application for quotation of +securities

2 / 6

Application for quotation of +securities

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

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
16-Nov-2021 16:37	Update - Update - Proposed issue of	A standard +pro rata issue (non-renounceable)
	securities - TNR

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? No

Application for quotation of +securities

3 / 6

Application for quotation of +securities

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

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Corporate Action Component Detail

ASX +security code and description

TNROB : OPTION EXPIRING 30-NOV-2023 DEFERRED

Issue date

19/11/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000	25	0.00 %
1,001 - 5,000	11	0.01 %
5,001 - 10,000	41	0.09 %
10,001 - 100,000	233	2.61 %
100,001 and over	249	97.29 %

Application for quotation of +securities

4 / 6

Application for quotation of +securities

Issue details

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

Number of +securities to be quoted 349,419,175 Issue currency Issue price or consideration per +security AUD - Australian Dollar AUD 0.00100000 Any other information the entity wishes to provide about the +securities to be quoted The Top 20 TNROB Holders will be separately announced. TNROB - Option Ex at A$0.035 and expire 30 November 2023

Application for quotation of +securities

5 / 6

Application for quotation of +securities

Part 4 - Issued capital following quotation

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

Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
TNR : ORDINARY FULLY PAID	1,087,805,612
TNROB : OPTION EXPIRING 30-NOV-2023 DEFERRED	349,419,175
TNRO : OPTION EXPIRING 07-FEB-2022	270,521,620

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
TNRAC : OPTION EXPIRING 05-FEB-2024 EX $0.026	28,000,000
TNRAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	31,000,000
TNRAO : CONVERTIBLE NOTES	3,049,235
TNRAP : OPTION EXPIRING 30-SEP-2024 EX $0.042	1
TNRAL : CLASS A PERFORMANCE RIGHTS	3,600,000
TNRAM : CLASS B PERFORMANCE RIGHTS	5,400,000

Application for quotation of +securities

6 / 6