LORD RESOURCES LIMITED — Share Issue/Capital Change 2023

May 11, 2023

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

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Announcement Summary

Entity name

LORD RESOURCES LIMITED

Date of this announcement

Friday May 12, 2023

The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
LRDAC	ORDINARY FULLY PAID RESTRICTED	3,800,000	12/05/2023

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

LORD 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

69107385884

1.3 ASX issuer code

LRD

1.4 The announcement is

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New announcement

1.5 Date of this announcement

12/5/2023

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 2 - Issue details

2.1 The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

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in a class which is not quoted on ASX but which has an existing ASX security code ("existing class")

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 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are: Are not, and are not intended to be, quoted by ASX

Existing +securities converting into an existing class

FROM (Existing Class) ASX +Security code and description LRDAF : PERFORMANCE RIGHTS RESTRICTED

TO (Existing Class) ASX +Security code and description LRDAC : ORDINARY FULLY PAID RESTRICTED

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 12/5/2023 3,800,000 Is this all of the options or other +convertible securities on issue of that type? Yes

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Date the +securities the subject of this notification were issued/transferred 12/5/2023

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

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

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

Issue details

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Number of +securities

3,800,000

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 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
LRD : ORDINARY FULLY PAID	37,132,121
LRDO : OPTION EXPIRING 31-JAN-2027	19,438,560
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
LRDAK : PERFORMANCE RIGHTS	450,000
LRDAD : OPTION EXPIRING 28-MAR-2027 EX $0.25	5,880,000
LRDAE : OPTION EXPIRING 28-MAR-2027 RESTRICTED	6,120,000
LRDAF : PERFORMANCE RIGHTS RESTRICTED	0
LRDAC : ORDINARY FULLY PAID RESTRICTED	5,967,500
LRDAI : OPTION EXPIRING 30-JUN-2025 EX $0.30	1,850,000
LRDAH : OPTION EXPIRING 31-MAY-2025 EX $0.25	800,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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