MANUKA RESOURCES LTD. — Capital/Financing Update 2025

Oct 28, 2025

ASX Announcement 29 October 2025

ASX: MKR

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Appendix 3G for the Issue of Convertible Loan Agreements

Manuka Resources Limited (ASX: MKR, NZX: MKR ) ( Manuka or the Company ) will be lodging an Appendix 3G on 29 October 2025 in relation to the issue of nine (9) Convertible Loan Agreements.

The Convertible Loan Agreements were executed between 24 September and 30 October 2024 and should have been notified to the ASX at that time. The Company is now lodging the Appendix 3G to rectify this administrative oversight.

A summary of the material terms are detailed below:

A summary of the material	terms are detailed below:
Face value per Note	Various for an aggregate total of $509,400
Issue date	Between 24 September 2024 and 30 October 2024
Maturity date	15 December 2025
Interest rate	15% per annum
Underlying Terms	The Lender will lend the Loan Amount to theBorrower, and be entitled to nominate one of thefollowing ro complete the transaction:•Full repayment of the Loan Amount plusinterest, or•Conversion of the Loan Amount plus interestinto shares at 4,3 cents per share plus two free6 cent options on or before 15 May 2026 forevery share converted, or•In the event the Lender raises equity during theterm of this Convertible Loan on terms deemedby the Lender to be more favourable, theLender will be entitled to have those termsapplied to the Conversion of the Loan Amountplus interest.
Conversion price	$0.043 per Share
Purpose of funds raised	Working capital and care and maintenanceprograms
Status of issue	Convertible Loans remain on issue as at the dateof this Notice

Subject to Shareholder approval, which is being sought at the forthcoming Annual General Meeting, the Company will issue an aggregate of up to:

• (a) 13,913,199 Shares at a deemed issue price of $0.043 on conversion of the principal balance and accrued interest; and

• (b) 27,826,398 Options each of which is exercisable at $0.06 at any time on or before 5.00pm (Sydney time) on 15 May 2026 into a Share.

Upon conversion of the Convertible Loan Agreements.

No further securities have been issued other than those disclosed in the accompanying Appendix 3G.

Manuka’s Executive Chairman has provided his approval for release.

For further information contact:

Dennis Karp Executive Chairman Tel. +61 2 7253 2020

Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au