LOTUS RESOURCES LIMITED — Share Issue/Capital Change 2021

Aug 16, 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

Tuesday August 17, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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
LOTAO	ORDINARY FULLY PAID RESTRICTED	226,463,927	17/08/2021

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

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

17/8/2021

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:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
25-Mar-2021 10:02	New - Proposed issue of Securities -	A placement or other type of issue
	LOT

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

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 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details ASX +security code and description LOTAO : ORDINARY FULLY PAID RESTRICTED Date the +securities the subject of this notification were issued 17/8/2021 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 226,463,927 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issued as consideration for the acquisition of Lily Resources Pty Ltd shares held by Kayelekera Resources Pty Ltd, as approved by shareholders at a general meeting held on 30 July 2021.

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
LOT : ORDINARY FULLY PAID	957,954,507
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	452,927,854
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	5,812,408

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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

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