NORDIC RESOURCES LTD — Share Issue/Capital Change 2025

Jul 10, 2025

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

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

Announcement Summary

Entity name

NORDIC RESOURCES LTD

Date of this announcement

Friday July 11, 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 Option exercisable at $0.10 and	4,750,000	11/07/2025
to be confirmed	expiring 11 July 2027.
New class - code	Unquoted Option exercisable at $0.125 and	4,750,000	11/07/2025
to be confirmed	expiring 11 January 2028.
New class - code	Unquoted Option exercisable at $0.15 and	4,750,000	11/07/2025
to be confirmed	expiring 11 July 2028.

Refer to next page for full details of the announcement

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

1 / 11

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

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

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

11/7/2025

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

2 / 11

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

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

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Unlisted options for marketing, advisory and investor relations (IR) support.

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")

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

3 / 11

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

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

Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

ASX +security code +Security description New class - code to be confirmed Unquoted Option exercisable at $0.10 and expiring 11 July 2027. +Security type ISIN code Options Date the +securities the subject of this notification were issued 11/7/2025 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 0.10000000 11/7/2027

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 issue of these options occurred in a short timeframe following finalisation of commercial terms and Board approval. As a result, there was insufficient time to lodge an Appendix 3B prior to the issue.

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

4 / 11

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

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

Issue details

Number of +securities

4,750,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Options for marketing, advisory and investor relations (IR) support

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed Unquoted Option exercisable at $0.125 and expiring 11 January 2028. +Security type ISIN code Options

Date the +securities the subject of this notification were issued

11/7/2025

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 0.12500000 11/1/2028

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

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

5 / 11

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

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

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 issue of these options occurred in a short timeframe following finalisation of commercial terms and Board approval. As a result, there was insufficient time to lodge an Appendix 3B prior to the issue.

Issue details

Number of +securities

4,750,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Options for marketing, advisory and investor relations (IR) support

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed Unquoted Option exercisable at $0.15 and expiring 11 July 2028.

+Security type ISIN code

Options

Date the +securities the subject of this notification were issued

11/7/2025

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

AUD - Australian Dollar

Exercise price Expiry date AUD 0.15000000 11/7/2028

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

6 / 11

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

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

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 issue of these options occurred in a short timeframe following finalisation of commercial terms and Board approval. As a result, there was insufficient time to lodge an Appendix 3B prior to the issue.

Issue details

Number of +securities

4,750,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Options for marketing, advisory and investor relations (IR) support

Purpose of the issue

To pay for services rendered

Additional Details

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

7 / 11

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

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

==> picture [540 x 710] intentionally omitted <==

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

8 / 11

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

Part 4 - +Securities on issue

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

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	264,883,846
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
NNLAR : OPTION EXPIRING 03-DEC-2029 EX $0.10	3,000,000
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
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 Option exercisable at $0.10 and expiring 11	4,750,000
July 2027.

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

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

9 / 11

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

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

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
New class - code to be confirmed : Unquoted Option exercisable at $0.125 and expiring 11	4,750,000
January 2028.
New class - code to be confirmed : Unquoted Option exercisable at $0.15 and expiring 11	4,750,000
July 2028.

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

10 / 11

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

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

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? 14,250,000

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

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

11 / 11