LOTUS RESOURCES LIMITED — Share Issue/Capital Change 2021

Aug 25, 2021

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

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Announcement Summary

Entity name

LOTUS RESOURCES LIMITED

Date of this announcement

Thursday August 26, 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	Unquoted options	7,000,000	26/08/2021
to be confirmed
New class - code	Unquoted Options	6,000,000	26/08/2021
to be confirmed
New class - code	Unquoted Options	6,000,000	26/08/2021
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

LOTUS 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

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

26/8/2021

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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 Unquoted options +Security type ISIN code Options

Date the +securities the subject of this notification were issued 26/8/2021

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
Michael Bowen	Michael Bowen	3,000,000
Mark Hanlon	Mark Hanlon	2,000,000
Grant Davey	Davey Holdings (Aus) Pty Ltd	2,000,000

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. https://app.sharelinktechnologies.com/announcement/asx/7d3742fc07f9fcf5b7356bbcf264d1a6

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.00000000 22/2/2024

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

Lotus Resources Limited ordinary shares

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 https://app.sharelinktechnologies.com/announcement/asx/7d3742fc07f9fcf5b7356bbcf264d1a6

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

Approved by shareholders at a general meeting held on 30 July 2021

Issue details

Number of +securities

7,000,000

ASX +security code New class - code to be confirmed	+Security description Unquoted Options
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

26/8/2021

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
Keith Bowes	Keith Bowes	6,000,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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No

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

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Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://app.sharelinktechnologies.com/announcement/asx/b36c5e87d5b8cb2ea4602da184fb9d6b

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 10/2/2024

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

Description

Lotus Resources Limited ordinary shares

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 https://app.sharelinktechnologies.com/announcement/asx/7d3742fc07f9fcf5b7356bbcf264d1a6

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

Approved by shareholders at a general meeting held on 30 July 2021

Issue details

Number of +securities

6,000,000

ASX +security code +Security description New class - code to be confirmed Unquoted Options +Security type ISIN code Options

Date the +securities the subject of this notification were issued

26/8/2021

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

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

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Were any of the +securities issued to +key management personnel (KMP) or an +associate? No

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. https://app.sharelinktechnologies.com/announcement/asx/7d3742fc07f9fcf5b7356bbcf264d1a6

Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.00000000 1/1/2024

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

Other

Description

Lotus Resources Limited Ordinary Shares

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 https://app.sharelinktechnologies.com/announcement/asx/7d3742fc07f9fcf5b7356bbcf264d1a6

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

Securities issued under Exception 13 in Listing Rule 7.2

Issue details

Number of +securities

6,000,000

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Part 4 - +Securities on issue

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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
LOT : ORDINARY FULLY PAID	958,097,456
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
LOTAJ : OPTION EXPIRING 13-MAR-2023 EX 4C	16,909,654
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
LOTAD : OPTION EXPIRING 01-DEC-2023 EX NIL	18,000,000
LOTAM : OPTION EXPIRING 23-OCT-2023 EX $0.06	2,500,000
LOTAH : OPTION EXPIRING 04-OCT-2022 EX 4C	1,393,102
LOTAA : PERFORMANCE SHARES	2,232,144
LOTAG : OPTION EXPIRING 12-SEP-2022 EX 4C	9,939,297
LOTAF : OPTION EXPIRING 25-SEP-2022 EX 4C	5,669,459
New class - code to be confirmed : Unquoted options	7,000,000
New class - code to be confirmed : Unquoted Options	6,000,000
New class - code to be confirmed : Unquoted Options	6,000,000

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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