MANUKA RESOURCES LTD. — Capital/Financing Update 2024

Nov 28, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Update Summary

Entity name MANUKA RESOURCES LTD.

Announcement Type

Update to previous announcement

Date of this announcement

Friday November 29, 2024

Reason for the update

To advise the number of Shares to be issued upon Convertible Note conversion

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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 Registration number ACN 611963225 1.3 ASX issuer code MKR

1.4 The announcement is

Update/amendment to previous announcement 1.4a Reason for update to a previous announcement To advise the number of Shares to be issued upon Convertible Note conversion

1.4b Date of previous announcement to this update 29/11/2024 1.5 Date of this announcement 29/11/2024

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Appendix 3G - 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:

Other

Please specify

$1m under a Convertible Note in two tranches of $500,000 each.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

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ASX +security code +Security description
New class - code to be confirmed Tranche 1 Convertible Note
+Security type ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were issued
29/11/2024
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
http\www.manukaresources.com.au
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+Convertible debt securities Details

Type of +security

Convertible note or bond

+Security currency Face value Interest rate type AUD - Australian Dollar AUD 1.10000000 Fixed rate Frequency of coupon/interest payments per year First interest payment date Quarterly 28/2/2025 Interest rate per annum Is the interest rate per annum estimated at this time? No 12.00 %

s128F of the Income Tax Assessment Act status applicable to the +security Not applicable

Is the +security perpetual (i.e. no maturity)? Maturity date No 14/5/2025 Select other feature(s) applicable to the +security None of the above Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)? No

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged

MKR : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification Unlisted Unsecured Convertible Notes at a face value of $1.10 per Note, convertible into fully paid ordinary shares at a conversion price of $0.06. 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 Not Applicable

Issue details

Number of +securities 500,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 1.00000000 Purpose of the issue To raise additional working capital

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

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Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
MKR : ORDINARY FULLY PAID	779,767,669
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
MKRAP : OPTION EXPIRING 16-DEC-2025 EX $0.17	19,571,419
MKRAX : OPTION EXPIRING 24-JAN-2026 EX $0.0834	5,000,000
MKRAW : OPTION EXPIRING 31-DEC-2025 EX $0.10	25,757,575
MKRAV : OPTION EXPIRING 17-NOV-2025 EX $0.0504	10,000,000
MKRAU : OPTION EXPIRING 30-JUN-2025 EX $0.0574	5,000,000
MKRAO : OPTION EXPIRING 31-DEC-2024 EX $0.35	12,000,000
MKRAQ : OPTION EXPIRING 15-DEC-2024 EX $0.115	4,000,000
MKRAY : OPTION EXPIRING 31-MAR-2026 EX $0.0821	5,000,000
MKRAT : OPTION EXPIRING 31-MAR-2025 EX $0.0829	4,000,000
MKRAS : OPTION EXPIRING 19-APR-2025 EX $0.25	2,000,000
MKRAAA : OPTION EXPIRING 03-APR-2027 EX $0.107	5,000,000
MKRAZ : OPTION EXPIRING 15-MAY-2026 EX $0.06	106,441,054
MKRAAB : OPTION EXPIRING 30-JUN-2026 EX $0.0411	5,000,000
New class - code to be confirmed : Tranche 1 Convertible Note	500,000

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? 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?

Tranche 1 Convertible Note (500,000) is convertible into fully paid ordinary shares at a conversion price of $0.06 being 8,333,333 Shares.

8,333,333 Shares will be issued under Listing Rule 7.1.

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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