NORDIC RESOURCES LTD — Share Issue/Capital Change 2025

Sep 15, 2025

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

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Announcement Summary

Entity name

NORDIC RESOURCES LTD

Date of this announcement

Tuesday September 16, 2025

The +securities the subject of this notification are: 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	Unquoted Options	1,000,000	16/09/2025
to be confirmed
New class - code	Performance Rights	1,000,000	16/09/2025
to be confirmed

Refer to next page for full details of the announcement

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

NORDIC RESOURCES LTD

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 ACN 647455105

1.3 ASX issuer code

NNL

1.4 The announcement is

New announcement

1.5 Date of this announcement

16/9/2025

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Exploration Manager in Finland - Securities Incentive Package

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

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)

New +securities

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ASX +security code +Security description
New class - code to be confirmed Unquoted Options
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ASX +security code New class - code to be confirmed	+Security description Unquoted Options
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
16/9/2025
Will all the +securities issued in this	class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.15000000	16/9/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

NNL : ORDINARY FULLY PAID

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

The Company advises that the agreement to issue these securities was only executed recently. As such, there was no basis to lodge an Appendix 3B prior to execution. Following execution, the Company is lodging this Appendix 3G to facilitate notice of the issue of the securities.

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Issue details

Number of +securities

1,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Exploration Manager in Finland - Securities Incentive Package

Purpose of the issue

Other

Additional Details

Exploration Manager in Finland - Securities Incentive Package

New +securities

ASX +security code +Security description

New class - code to be confirmed Performance Rights

+Security type

ISIN code

Other

Date the +securities the subject of this notification were issued

16/9/2025

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.

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

Exploration Manager in Finland - Securities Incentive Package

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

The Company advises that the agreement to issue these securities was only executed recently. As such, there was no basis to lodge an Appendix 3B prior to execution. Following execution, the Company is lodging this Appendix 3G to facilitate notice of the issue of the securities.

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Issue details

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Number of +securities 1,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Exploration Manager in Finland - Securities Incentive Package Purpose of the issue Other Additional Details Exploration Manager in Finland - Securities Incentive Package

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Part 4 - +Securities on issue

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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
NNL : ORDINARY FULLY PAID	326,145,980
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
NNLAQ : OPTION EXPIRING 18-OCT-2029 EX $0.10	5,400,000
NNLAX : OPTION EXPIRING 15-AUG-2029 EX $0.10	1,000,000
NNLAY : OPTION EXPIRING 15-AUG-2029 EX $0.15	1,000,000
NNLAZ : PERFORMANCE RIGHTS	5,000,000
NNLAR : OPTION EXPIRING 03-DEC-2029 EX $0.10	3,000,000
NNLAU : OPTION EXPIRING 11-JAN-2028 EX $0.125	4,750,000
NNLAV : OPTION EXPIRING 11-JUL-2028 EX $0.15	4,750,000
NNLAT : OPTION EXPIRING 11-JUL-2027 EX $0.10	4,750,000
NNLAW : OPTION EXPIRING 11-JUL-2028 EX $0.09	7,750,000
NNLAS : OPTION EXPIRING 13-JUN-2028 EX $0.09	4,350,000
NNLAL : OPTION EXPIRING 31-MAY-2026 EX $0.30	575,000
NNLAM : OPTION EXPIRING 31-MAY-2026 EX $0.40	575,000
NNLAN : OPTION EXPIRING 27-DEC-2025 EX $0.25	7,329,420
NNLAO : OPTION EXPIRING 31-JAN-2027 EX $0.30	125,000
NNLAF : OPTION EXPIRING 31-MAY-2026 EX $0.20	2,750,000

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

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NNLAG : OPTION EXPIRING 23-MAY-2027 EX $0.25	1,000,000
NNLAH : OPTION EXPIRING 23-MAY-2027 EX $0.375	1,000,000
NNLAI : OPTION EXPIRING 23-MAY-2027 EX $0.50	1,500,000
NNLAJ : OPTION EXPIRING 23-MAY-2027 EX $0.30	1,750,000
NNLAK : OPTION EXPIRING 23-MAY-2027 EX $0.35	1,750,000
New class - code to be confirmed : Unquoted Options	1,000,000
New class - code to be confirmed : Performance Rights	1,000,000

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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? 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?

2,000,000

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)? No

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