LITHIUM PLUS MINERALS LTD. — Capital/Financing Update 2022

Jul 21, 2022

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

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Announcement Summary

Entity name

LITHIUM PLUS MINERALS LTD.

Date of this announcement

Friday July 22, 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
New class - code	unlisted Options exercisable on payment of $0.48,	500,000	21/07/2022
to be confirmed	expiring 30 June 2025, escrowed until 30 June
	2024

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

LITHIUM PLUS MINERALS 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

88653574219

1.3 ASX issuer code

LPM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

22/7/2022

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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

Unlisted Options expiring 30 June 2025, exercisable on payment of $0.48.

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 unlisted Options exercisable on payment of $0.48, expiring
30 June 2025, escrowed until 30 June 2024
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
21/7/2022
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.
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.48000000 30/6/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
LPM - ordinary fully paid shares
Any other information the entity wishes to provide about the +securities the subject of this notification
unlisted Options exercisable on payment of $0.48, expiring 30 June 2025, escrowed until 30 June 2024
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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

Issued to Aetas Global Capital Pte Ltd as payment for investor relations services from 1 July 2022 to 31 Dec 2022. The unlisted Options are subject to 2 year escrow.

Issue details

Number of +securities

500,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued to Aetas Global Capital Pte Ltd as payment for investor relations services from 1 July 2022 to 31 Dec 2022. The unlisted Options are subject to 2 year escrow.

Purpose of the issue

To pay for services rendered

Additional Details

n/a

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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
LPM : ORDINARY FULLY PAID	44,618,200
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
LPMAF : OPTION EXPIRING 22-APR-2025 RESTRICTED	4,000,000
LPMAA : ORDINARY FULLY PAID RESTRICTED	180,000
LPMAB : ORDINARY FULLY PAID RESTRICTED	900,000
LPMAC : ORDINARY FULLY PAID RESTRICTED	1,950,000
LPMAD : ORDINARY FULLY PAID RESTRICTED	3,000,000
LPMAE : ORDINARY FULLY PAID RESTRICTED	46,351,800
LPMAG : OPTION EXPIRING 31-OCT-2026 RESTRICTED	6,000,000
LPMAH : PERFORMANCE RIGHTS RESTRICTED	2,600,000
New class - code to be confirmed : unlisted Options exercisable on payment of $0.48,	500,000
expiring 30 June 2025, escrowed until 30 June 2024

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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

500,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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