INVICTUS ENERGY LTD — Share Issue/Capital Change 2022

Dec 13, 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

Wednesday December 14, 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
IVZAR	OPTION EXPIRING 30-SEP-2027 EX $0.40	65,217,391	13/12/2022

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

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

14/12/2022

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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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Other

Please specify

issue of placement options as approved at AGM on 24 November 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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has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities in an existing class

ASX +security code and description IVZAR : OPTION EXPIRING 30-SEP-2027 EX $0.40 Date the +securities the subject of this notification were issued 13/12/2022 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes Any other information the entity wishes to provide about the +securities the subject of this notification issue of placement options as approved at AGM on 24 November 2022 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 issue of placement options as approved at AGM on 24 November 2022 Issue details Number of +securities 65,217,391 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities issue of placement options as approved at AGM on 24 November 2022 Purpose of the issue Other Additional Details issue of placement options as approved at AGM on 24 November 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 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	878,997,185
IVZO : OPTION EXPIRING 26-JUL-2023	37,516,341
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
IVZAP : PERFORMANCE RIGHTS CLASS A EX 31-DEC-2024 EX $0.50	15,500,000
IVZAQ : PERFORMANCE RIGHTS CLASS B EX 31-DEC-2026 EX $0.75	15,500,000
IVZAK : OPTION EXPIRING 31-JAN-2025 EX $0.14	29,644,430
IVZAR : OPTION EXPIRING 30-SEP-2027 EX $0.40	108,695,645
IVZAM : OPTION EXPIRING 30-MAR-2024 EX $0.17	27,286,637
IVZAN : OPTION EXPIRING 23-Jul-2024 EX $0.2355	12,000,000

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

24/11/2022

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