MANUKA RESOURCES LTD. — Capital/Financing Update 2022

Jan 11, 2022

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

Wednesday January 12, 2022

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 11-JAN-2024	1,100,000	11/01/2022
to be confirmed	WITH AN EXERCISE PRICEOF $0.50

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

12/1/2022

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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 11 January 2024 with an exercise price of $0.50

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 11-JAN-2024 WITH AN EXERCISE PRICEOF $0.50 +Security type ISIN code Options Date the +securities the subject of this notification were issued 11/1/2022 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 0.50000000 11/1/2024 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 to Directors as approved by shareholders at the 2021 AGM held on 13 December 2021. Details of options were outlined in the AGM Notice of meeting announced to the market on 12 November 2021.

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Issue details

Number of +securities

1,100,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Options issued as part of the remuneration of Directors for services rendered.

Purpose of the issue

To pay for services rendered

Additional Details

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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
MKRAK : OPTION EXPIRING 30-SEP-2023 EX $0.323	5,000,000
MKRAJ : OPTION EXPIRING 28-JUL-2023 EX $0.30	5,000,000
New class - code to be confirmed : UNLISTED OPTIONS EXPIRING 11-JAN-2024 WITH	1,100,000
AN EXERCISE PRICEOF $0.50

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? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

13/12/2021

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