IRON BEAR RESOURCES LTD — Share Issue/Capital Change 2026

Feb 25, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

IRON BEAR RESOURCES LTD

Date of this announcement

Thursday February 26, 2026

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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
IBRAU	PERFORMANCE RIGHTS	6,000,000	26/02/2026

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

IRON BEAR RESOURCES 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 Registration number ABN 71095047920

1.3 ASX issuer code

IBR

1.4 The announcement is

New announcement

1.5 Date of this announcement

26/2/2026

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
22-Dec-2025 08:19	New - Proposed issue of securities -	A placement or other type of issue
	CLE

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

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description IBRAU : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued 26/2/2026

Any other information the entity wishes to provide about the +securities the subject of this notification Issue of performance rights as approved by shareholders at the general meeting held on 27 January 2026.

Issue details

Number of +securities 6,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities The performance rights are in consideration for director services

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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 notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)	4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)	4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)
	ASX +security code and descriptionTotal number of+securities on issueIBR : ORDINARY FULLY PAID1,106,253,248
	IBRO : OPTION EXPIRING 30-NOV-2028370,347,8884.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
	IBRO : OPTION EXPIRING 30-NOV-2028370,34.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
	4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
	ASX +security code and descriptionTotal+securitieIBRAR : OPTION EXPIRING 19-JAN-2027 EX $0.04IBRAA : OPTION EXPIRING 12-MAR-2026 EX $0.04IBRAO : OPTION EXPIRING 05-DEC-2026 EX $0.20IBRAU : PERFORMANCE RIGHTSIBRAB : OPTION EXPIRING 30-JAN-2028 EX $0.072	number ofs on issue4,500,0003,000,00010,500,0009,500,0002,000,000

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

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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