MOUNT RIDLEY MINES LIMITED — Capital/Financing Update 2021

Dec 28, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

MOUNT RIDLEY MINES LIMITED

Date of this announcement

Tuesday December 28, 2021

The +securities the subject of this notification are:

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Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unlisted Option excercisable $0.005 expiring	436,103,136	28/12/2021
to be confirmed	31/12/2025
New class - code	Unlisted Option excercisable $0.003 expiring	654,092,205	28/12/2021
to be confirmed	31/12/2025

Refer to next page for full details of the announcement

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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

MOUNT RIDLEY MINES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

93092304964

1.3 ASX issuer code

MRD

1.4 The announcement is

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New announcement

1.5 Date of this announcement

28/12/2021

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of attaching options to placements per 3b's issued 1 July 2021 and 27 September 2021

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

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

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

New +securities
ASX +security code New class - code to be confirmed	+Security description Unlisted Option excercisable $0.005 expiring 31/12/2025
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
28/12/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02440172-6A1057747?access_token=8 3ff96335c2d45a094df02a206a39ff4 Any other information the entity wishes to provide about the +securities the subject of this notification

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

Announced to market via 3B on 27/9/21

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Issue details

Number of +securities

436,103,136

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

attaching options to placement 27/9/21

Purpose of the issue

To raise additional working capital

New +securities

ASX +security code +Security description New class - code to be confirmed Unlisted Option excercisable $0.003 expiring 31/12/2025 +Security type ISIN code Other

Date the +securities the subject of this notification were issued

28/12/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02440172-6A1057747?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

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

Announced to market via 3B on 27/9/21

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Issue details

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Number of +securities

654,092,205

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities attaching options to placement 27/9/21

Purpose of the issue

To raise additional working capital

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
MRD : ORDINARY FULLY PAID	5,641,534,188
MRDOB : OPTION EXPIRING 30-NOV-2022	2,048,770,296

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
New class - code to be confirmed : Unlisted Option excercisable $0.005 expiring 31/12/2025	436,103,136
New class - code to be confirmed : Unlisted Option excercisable $0.003 expiring 31/12/2025	654,092,205

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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? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

29/11/2021

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