LOTUS RESOURCES LIMITED — Share Issue/Capital Change 2021

Nov 8, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

LOTUS RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday November 09, 2021

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
LOT	ORDINARY FULLY PAID	300,000	08/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

LOTUS RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 119992175

1.3 ASX issuer code

LOT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

9/11/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The shares are being issued as consideration for the provision of marketing services

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class ASX +security code and description LOT : ORDINARY FULLY PAID Issue date 8/11/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 300,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Consideration for marketing services Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 39,000.000000 Any other information the entity wishes to provide about the +securities to be quoted The purpose(s) for which the entity is issuing the securities To pay for services rendered Please provide additional details Consideration for marketing services

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
LOT : ORDINARY FULLY PAID	969,999,083

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
LOTAP : OPTION EXPIRING 22-FEB-2024 EX NIL	7,000,000
LOTAJ : OPTION EXPIRING 13-MAR-2023 EX 4C	9,427,508
LOTAL : OPTION EXPIRING 23-OCT-2023 EX $0.04	5,000,000
LOTAN : OPTION EXPIRING 23-OCT-2023 EX $0.08	2,500,000
LOTAO : ORDINARY FULLY PAID RESTRICTED	226,463,927
LOTAM : OPTION EXPIRING 23-OCT-2023 EX $0.06	2,500,000
LOTAH : OPTION EXPIRING 04-OCT-2022 EX 4C	1,018,102
LOTAQ : OPTION EXPIRING 10-FEB-2024 EX NIL	6,000,000
LOTAR : OPTION EXPIRING 01-JAN-2024 EX NIL	6,000,000
LOTAA : PERFORMANCE SHARES	2,232,144
LOTAG : OPTION EXPIRING 12-SEP-2022 EX 4C	6,287,518
LOTAF : OPTION EXPIRING 25-SEP-2022 EX 4C	5,576,757

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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? 300000

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

Application for quotation of +securities

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