MANUKA RESOURCES LTD. — Capital/Financing Update 2021

Jul 28, 2021

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

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Announcement Summary

Entity name

MANUKA RESOURCES LTD.

Date of this announcement

Thursday July 29, 2021

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 EXPIRING 28-JUL-2023	5,000,000	28/07/2021
to be confirmed	WITH AN EXERCISE PRICE OF $0.30

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

MANUKA RESOURCES 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

80611963225

1.3 ASX issuer code

MKR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

29/7/2021

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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

Please specify

Unlisted Options expiring 28th July 2023 with an exercise price of $0.30

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

New +securities ASX +security code +Security description New class - code to be confirmed UNLISTED OPTIONS EXPIRING 28-JUL-2023 WITH AN EXERCISE PRICE OF $0.30 +Security type ISIN code Options Date the +securities the subject of this notification were issued 28/7/2021 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? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.manukaresources.com.au/site/investor-centre/asx-announcements

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.30000000 28/7/2023 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option MKRAE : ORDINARY FULLY PAID RESTRICTED

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

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

Unlisted options issued as part consideration for the extension of existing debt facilities as announced to the market on 29 June 2021

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Issue details

Number of +securities 5,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Extension of existing debt facility Purpose of the issue To pay for services rendered Additional Details

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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
MKR : ORDINARY FULLY PAID	101,491,063
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
MKRAF : OPTION EXPIRING 17-APR-2023 EX $0.25	3,250,000
MKRAE : ORDINARY FULLY PAID RESTRICTED	167,862,649
MKRAG : OPTION EXPIRING 17-APR-2023 RESTRICTED	1,500,000
MKRAH : OPTION EXPIRING 17-APR-2023 RESTRICTED	6,500,000
MKRAI : OPTION EXPIRING 14-JUL-2023 RESTRICTED	10,000,000
New class - code to be confirmed : UNLISTED OPTIONS EXPIRING 28-JUL-2023 WITH AN	5,000,000
EXERCISE PRICE OF $0.30

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?

5,000,000 options

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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