MARIMACA COPPER CORP. — Share Issue/Capital Change 2025

Oct 1, 2025

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

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Announcement Summary

Entity name

MARIMACA COPPER CORP.

Date of this announcement

Thursday October 02, 2025

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that 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
MC2AL	RESTRICTED SHARE UNITS	923,717	29/09/2025

Refer to next page for full details of the announcement

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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

MARIMACA COPPER CORP.

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 ARBN 683017094

1.3 ASX issuer code

MC2

1.4 The announcement is

New announcement

1.5 Date of this announcement

2/10/2025

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

MC2AL : RESTRICTED SHARE UNITS

Date the +securities the subject of this notification were issued

29/9/2025

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Michael Haworth	Greenstone Resources LP	330,508
Colin Kinley	Colin Kinley	181,780
Hayden Locke	Benson Capital Limited	132,203
Alan Stephens	Alan Stephens	132,203
Sergio Rivera	Sergio Rivera	132,203

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

The Plan is designed to encourage participants to contribute to the success of the Company; recognize and reward performance; and retain skilled personnel critical for the growth of the Company. RSUs represent a right to receive shares after meeting specific conditions, such as service tenure or performance goals. Eligible participants include directors, executive officers, employees, and consultants. RSUs are subject to vesting conditions determined at the time of grant. Accelerated vesting may occur in cases like a Change of Control. When there is a Termination of Employment for Cause, all unvested RSUs are forfeited immediately; without Cause or by Resignation, unvested RSUs are forfeited upon resignation; Death or Disability: Vested awards may be exercised by the participant or their estate within six months. The Board may amend or terminate the Plan, but requires shareholder approval for major changes, such as increasing the share limit.

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

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

Issue details

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Number of +securities

923,717

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Part 4 - +Securities on issue

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
MC2 : CHESS DEPOSITARY INTERESTS 1:1	21,168,363
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
MC2AG : OPTION EXPIRING 23-DEC-2026 EX CAD 3.69	870,000
MC2AH : OPTION EXPIRING 19-MAY-2028 EX CAD 4.00	425,000
MC2AI : OPTION EXPIRING 14-NOV-2028 EX CAD 3.40	200,000
MC2AK : WARRANTS EXPIRING 07-FEB-2026 EX CAD 5.85	500,000
MC2AL : RESTRICTED SHARE UNITS	3,342,433
MC2AA : COMMON SHARES	97,331,161
MC2AD : OPTION EXPIRING 25-MAR-2026 EX CAD 4.60	200,000
MC2AE : OPTION EXPIRING 06-MAY-2026 EX CAD 5.00	2,415,000
MC2AF : OPTION EXPIRING 18-OCT-2026 EX CAD 4.39	100,000

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? No

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)? N/A

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