ODYSSEY GOLD LTD — Share Issue/Capital Change 2021

Dec 7, 2021

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

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Announcement Summary

Entity name

ODYSSEY GOLD LTD

Date of this announcement

Wednesday December 08, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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 options	1,000,000	08/12/2021
to be confirmed
New class - code	Unlisted options	1,000,000	08/12/2021
to be confirmed
New class - code	Performance rights	1,500,000	08/12/2021
to be confirmed
New class - code	Performance rights	1,500,000	08/12/2021
to be confirmed
New class - code	Performance rights	1,500,000	08/12/2021
to be confirmed
New class - code	Performance rights	1,500,000	08/12/2021
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

ODYSSEY GOLD 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

ABN

Registration number

73116151636

1.3 ASX issuer code

ODY

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/12/2021

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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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

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ASX +security code +Security description
New class - code to be confirmed Unlisted options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
8/12/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
Yes
Provide details of the KMP or +associates being issued +securities.
Name of KMP Name of registered holder Number of +securities
Mr Matthew Briggs Mr Matthew Briggs 1,000,000
(will be appointed director effective 17
January 2022)
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.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-6A1055675?access_token=8
3ff96335c2d45a094df02a206a39ff4
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Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.10000000 8/12/2024

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Description

ODY : ORDINARY FULLY PAID

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Unlisted incentive options exercisable at $0.10 each, expiring 8 December 2024

Issue details

Number of +securities

1,000,000

ASX +security code +Security description New class - code to be confirmed Unlisted options +Security type ISIN code Options

Date the +securities the subject of this notification were issued

8/12/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP Name of registered holder Number of +securities Mr Matthew Briggs Mr Matthew Briggs 1,000,000 (will be appointed director effective 17 January 2022)

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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listing rule 6.1?

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No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Unlisted incentive options exercisable at $0.15 each, expiring 8 December 2024

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.15000000 8/12/2024

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

Other

Description

ODY : ORDINARY FULLY PAID

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

Any other information the entity wishes to provide about the +securities the subject of this notification https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

Issue details

Number of +securities

1,000,000

ASX +security code

New class - code to be confirmed

+Security description

Performance rights

+Security type

ISIN code

Other

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Date the +securities the subject of this notification were issued

8/12/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

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Name of KMP Name of registered holder Number of +securities
Mr Matthew Briggs Mr Matthew Briggs 1,500,000
(will be appointed director effective 17
January 2022)
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/2924-02435038--api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038--gateway/ASX/asx-research/1.0/file/2924-02435038-gateway/ASX/asx-research/1.0/file/2924-02435038--research/1.0/file/2924-02435038-research/1.0/file/2924-02435038--02435038-02435038--6A1055675?access_token=8
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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/2924-02435038--api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038--gateway/ASX/asx-research/1.0/file/2924-02435038-gateway/ASX/asx-research/1.0/file/2924-02435038--research/1.0/file/2924-02435038-research/1.0/file/2924-02435038--02435038-02435038--6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Unlisted performance rights subject to various performance conditions to be satisfied, expiring 31 December 2023

Issue details

Number of +securities

1,500,000

ASX +security code +Security description New class - code to be confirmed Performance rights

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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+Security type ISIN code Other Date the +securities the subject of this notification were issued 8/12/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Mr Matthew Briggs (will be appointed director effective 17 January 2022)	Mr Matthew Briggs	1,500,000

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/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Unlisted performance rights subject to various performance conditions to be satisfied, expiring 31 December 2024

Issue details

Number of +securities

1,500,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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ASX +security code New class - code to be confirmed	+Security description Performance rights
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued

8/12/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Mr Matthew Briggs (will be appointed director effective 17 January 2022)	Mr Matthew Briggs	1,500,000

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/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Unlisted performance rights subject to various performance conditions to be satisfied, expiring 31 December 2025

Issue details

Number of +securities

1,500,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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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

8/12/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Mr Matthew Briggs (will be appointed director effective 17 January 2022)	Mr Matthew Briggs	1,500,000

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/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02435038-6A1055675?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

Unlisted performance rights subject to various performance conditions to be satisfied, expiring 31 December 2025

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

Issue details

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Number of +securities

1,500,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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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 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
ODY : ORDINARY FULLY PAID	532,430,455
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
ODYAF : OPTION EXPIRING 23-DEC-2023 RESTRICTED	13,000,000
ODYAG : OPTION EXPIRING 23-DEC-2023 RESTRICTED	13,000,000
ODYAH : PERFORMANCE SHARES RESTRICTED	50,000,000
ODYAC : OPTION EXPIRING 23-DEC-2023 RESTRICTED	50,000,000
ODYAD : OPTION EXPIRING 23-DEC-2023 RESTRICTED	25,000,000
ODYAE : OPTION EXPIRING 23-DEC-2023 RESTRICTED	15,500,000
ODYAB : ORDINARY FULLY PAID RESTRICTED	80,000,000
New class - code to be confirmed : Unlisted options	1,000,000
New class - code to be confirmed : Unlisted options	1,000,000
New class - code to be confirmed : Performance rights	1,500,000
New class - code to be confirmed : Performance rights	1,500,000
New class - code to be confirmed : Performance rights	1,500,000
New class - code to be confirmed : Performance rights	1,500,000

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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