MINREX RESOURCES LIMITED — Share Issue/Capital Change 2021

Dec 21, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

MINREX RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday December 22, 2021

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
MRR	ORDINARY FULLY PAID	93,323,611	22/12/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

MINREX RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 151185867

1.3 ASX issuer code

MRR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

22/12/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Pursuant to Resolution 7 of Notice of Annual General Meeting dated 25 October 2021 & 91,562,500 Placement Shares per ASX announcement dated 15 December 2021

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Application for quotation of +securities

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Application for quotation of +securities

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

Additional +securities to be quoted in an existing class

ASX +security code and description MRR : ORDINARY FULLY PAID Issue date 22/12/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 1,761,111 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities In lieu of director's fees and consulting fees Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.018000 Any other information the entity wishes to provide about the +securities to be quoted Price per security was calculated using the 10-day VWAP of the Company's shares on ASX to 15 October 2021 The purpose(s) for which the entity is issuing the securities To pay for services rendered Please provide additional details Refer to the Notice of Annual General Meeting dated 25 October 2021 for more details

Additional +securities to be quoted in an existing class

Application for quotation of +securities

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Application for quotation of +securities

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Application for quotation of +securities
ASX +security code and description
MRR : ORDINARY FULLY PAID
Issue date
22/12/2021
Will the +securities to be quoted rank equally in all respects from their issue date with the
existing issued +securities in that class?
Yes
Issue details
Number of +securities to be quoted
91,562,500
Are the +securities being issued for a cash consideration?
Yes
In what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.03200000
Any other information the entity wishes to provide about the +securities to be quotedPursuant to Placement as announced on 15 December 2021
The purpose(s) for which the entity is issuing the securities
Other
Please provide additional detailsRefer to ASX announcement dated 15 December 2021 for further details

Application for quotation of +securities

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Application for quotation of +securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
MRR : ORDINARY FULLY PAID	677,710,666

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
MRRAB : OPTION EXPIRING 30-SEP-2022 EX 4C	33,333,333
MRRAO : OPTION EXPIRING 08-APR-2023 EX $0.04	79,666,667
MRRAQ : PERFORMANCE RIGHTS	2,000,000
MRRAM : OPTION EXPIRING 31-OCT-2022 EX 4C	2,023,170
MRRAP : OPTION EXPIRING 09-APR-2023 EX $0.045	22,500,000
MRRAN : PERFORMANCE RIGHTS	15,000,000

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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?

87,814,308 Placement Shares

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)? Yes

5.2c.1 How many +securities are being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?

3,748,192 Placement Shares

Application for quotation of +securities

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