KINGFISHER MINING LTD — Share Issue/Capital Change 2021

Nov 30, 2021

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

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Announcement Summary

Entity name

KINGFISHER MINING LTD

Date of this announcement

Wednesday December 01, 2021

The +securities the subject of this notification are:

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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 Unquoted options exercisable at $0.2403 expiring 250,000 01/12/2021 to be confirmed 30-Nov-24

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

KINGFISHER MINING 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

ACN

Registration number

629675216

1.3 ASX issuer code

KFM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/12/2021

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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

Grant of options further to Appendix 3B lodged 26-Oct-21

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

New +securities ASX +security code +Security description New class - code to be confirmed Unquoted options exercisable at $0.2403 expiring 30-Nov-24 +Security type ISIN code Options Date the +securities the subject of this notification were issued 1/12/2021 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? No 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/20211026/pdf/4524g9wm7nxp73.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.24030000 30/11/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description 1 KFM ordinary fully paid shares for 1 option exercised Any other information the entity wishes to provide about the +securities the subject of this notification

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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

These were notified in the Appendix 3B dated 26-Oct-21 but the security class didn't appear on the Appendix 3G

Issue details Number of +securities 250,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Provided as an incentive component to the employee remuneration package Purpose of the issue Other Additional Details Provided as an incentive component to the employee remuneration package

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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
KFM : ORDINARY FULLY PAID	34,245,001

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
KFMAD : ORDINARY FULLY PAID RESTRICTED	8,005,000
KFMAE : OPTION EXPIRING 11-DEC-2023 RESTRICTED	10,250,000
New class - code to be confirmed : Unquoted options exercisable at $0.2403 expiring	250,000
30-Nov-24

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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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