LEGEND MINING LIMITED — Share Issue/Capital Change 2023

May 7, 2023

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

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Announcement Summary

Entity name

LEGEND MINING LIMITED

Date of this announcement

Monday May 08, 2023

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 Unquoted Director Options (see Notice of AGM for 65,000,000 08/05/2023 to be confirmed full details)

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of entity

LEGEND MINING 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

22060966145

1.3 ASX issuer code

LEG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/5/2023

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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

Unquoted director options issued pursuant to shareholder at the AGM on 5 May 2023

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 Unquoted Director Options (see Notice of AGM for full
details)
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
8/5/2023
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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02644823-6A1141277?access_token=8
3ff96335c2d45a094df02a206a39ff4
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.09600000 8/5/2026
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Unquoted Director Options that expire on Friday, 8 May 2026, and have an exercise price of 9.6 cents each
Any other information the entity wishes to provide about the +securities the subject of this notification
None
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
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the market in an Appendix 3B

Issued following shareholder approval on a poll on Friday, 5 May 2023 (See Notice of AGM for further details)

Issue details

Number of +securities 65,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil consideration, issued as an incentive Purpose of the issue Other

Additional Details

Issued following shareholder approval on a poll on Friday, 5 May 2023

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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
LEG : ORDINARY FULLY PAID	2,755,135,721

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
LEGAQ : OPTION EXPIRING 17-MAR-2028 EX NIL	18,500,000
LEGAP : OPTION EXPIRING 10-AUG-2025 EX NIL	7,500,000
New class - code to be confirmed : Unquoted Director Options (see Notice of AGM for full	65,000,000
details)

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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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