INVICTUS ENERGY LTD — Capital/Financing Update 2022

Jul 27, 2022

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

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Announcement Summary

Entity name

INVICTUS ENERGY LTD

Date of this announcement

Thursday July 28, 2022

The +securities the subject of this notification are: Other

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 Option 28,373,785 27/07/2022 to be confirmed

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

INVICTUS ENERGY LTD

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

21150956773

1.3 ASX issuer code

IVZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

28/7/2022

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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

Please specify

Unlisted Options per the placement announced on 23 May 2022

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

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New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted Option
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
27/7/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://www.asx.com.au/asxpdf/20220621/pdf/45b3qpv22y09s3.pdf
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.35000000 26/7/2023
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
IVZ : ORDINARY FULLY PAID
Any other information the entity wishes to provide about the +securities the subject of this notification
Issued as part of the May 2022 placement on 1-for-2 basis and recently approved at shareholder meeting 22 July 2022
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Not applicable

Issue details

Number of +securities

28,373,785

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued as part of the May 2022 placement on 1-for-2 basis and recently approved at shareholder meeting 22 July 2022

Purpose of the issue

To raise additional working capital

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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
IVZ : ORDINARY FULLY PAID	746,962,286
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
IVZAK : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	42,995,121
IVZAM : OPTION EXPIRING 30-MAR-2024 EX $0.17	32,696,623
IVZAN : OPTION EXPIRING 23-Jul-2024 EX $0.2355	12,000,000
New class - code to be confirmed : Unlisted Option	28,373,785

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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

22/7/2022

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