KINGSTON RESOURCES LIMITED — Share Issue/Capital Change 2021

Nov 4, 2021

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

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Announcement Summary

Entity name

KINGSTON RESOURCES LIMITED

Date of this announcement

Friday November 05, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that 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
New class - code	Long Term Incentive Options (KSNLTUO10)	1,772,206	05/11/2021
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

KINGSTON RESOURCES LIMITED

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

44009148529

1.3 ASX issuer code

KSN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

5/11/2021

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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 securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

ASX +security code +Security description New class - code to be confirmed Long Term Incentive Options (KSNLTUO10) +Security type ISIN code Options

Date the +securities the subject of this notification were issued 5/11/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Chris Drew	Burnard Elle Pty Ltd ATF Burnard Elle Family Trust	685,510

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.

A summary of the LTI Employee Securities plan is included in the 2021 Notice of Annual General Meeting. A copy of this document is available on the KSN website: - https://kingstonresources.com.au/wp content/uploads/2021/10/2287496.pdf

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.00000000 31/8/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

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Description

1 Fully Paid Ordinary Shares (ASX:KSN)

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

A summary of the Employee Incentive Scheme is included in the 2018 Notice of Annual General Meeting. A copy of this document is available on the KSN website: http://www.kingstonresources.com.au/wp-content/uploads/2018/11/Notice-of-Annual-General-MeetingProxy-Form.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

1,772,206

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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
KSN : ORDINARY FULLY PAID	286,154,557

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
KSNAF : OPTION EXPIRING 31-JUL-2023 EX $0.01	6,818,841
KSNAG : OPTION EXPIRING 31-JUL-2023 EX $0.01	2,768,834
KSNAH : OPTION EXPIRING 31-JAN-2023 EX $0.25	600,000
KSNAI : OPTION EXPIRING 30-JUN-2023 EX $0.50	900,000
New class - code to be confirmed : Long Term Incentive Options (KSNLTUO10)	1,772,206

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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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