METGASCO LTD — Capital/Financing Update 2021

Sep 30, 2021

Notification of cessation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name METGASCO LTD

Announcement Type

New announcement

Date of this announcement

Friday October 01, 2021

Details of +securities that have ceased

		Number of
ASX +security		+securities that	The +securities have	Date of
code	Security description	have ceased	ceased due to	cessation
MELAC	PERFORMANCE RIGHTS	5,209,205	Lapse of conditional right to	30/09/2021
			securities because the
			conditions have not been, or
			have become incapable of
			being, satisfied

Refer to next page for full details of the announcement

Notification of cessation of +securities

1 / 4

Notification of cessation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Announcement Details

1.1 Name of +Entity

METGASCO LTD

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type

ABN

Registration Number 24088196383

1.3 ASX issuer code

MEL

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

1/10/2021

Notification of cessation of +securities

2 / 4

Notification of cessation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Details of +equity securities or +debt securities that have ceased

ASX +Security Code and Description

MELAC : PERFORMANCE RIGHTS

Unquoted +equity securities that have ceased

Number of securities that have ceased

5,209,205

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Date of cessation Is the entity paying any consideration for the cessation? No 30/9/2021

Any other information the entity wishes to notify to ASX about the cessation?

Notification of cessation of +securities

3 / 4

Notification of cessation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 3 - Issued capital following changes

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

	omprise:
		debt securities (total number of each +class of +securities quoted on ASX)
3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)ASX +security code and descriptionTotal number of+securities on issueMEL : ORDINARY FULLY PAID732,884,7943.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)ASX +security code and descriptionTotal number of+securities on issueMELAA : OPTION EXPIRING 30-SEP-2021 EX 5C26,666,666MELAF : OPTION EXPIRING 31-DEC-2022 EX $0.0316,000,000MELAC : PERFORMANCE RIGHTS5,209,206MELAB : OPTION EXPIRING 31-DEC-2021 EX $0.04182,457,424	1 Quoted +equity securities and +SX +security code and descriptioEL : ORDINARY FULLY PAID	debt securities (total number of each +class of +securities quoted on ASX)
		n								+sec	Totaluritie7	number ofs on issue32,884,794
	2 Unquoted +equity securities (tot	al number of	each	+clas	s of	+equity secur	ities	issued	but n	ot qu	oted	on ASX)

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.

Notification of cessation of +securities

4 / 4