ORE RESOURCES LIMITED — Share Issue/Capital Change 2021

Aug 10, 2021

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

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Announcement Summary

Entity name

AUROCH MINERALS LTD

Date of this announcement

Tuesday August 10, 2021

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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	AOUOPT9 UNL OPTIONS @ $0.50	900,000	10/08/2021
to be confirmed
New class - code	AOUPERRE CLASS E PERFORMANCE RIGHTS	400,000	10/08/2021
to be confirmed
New class - code	AOUPERRF CLASS F PERFORMANCE RIGHTS	400,000	10/08/2021
to be confirmed
New class - code	AOUPERRG CLASS G PERFORMANCE RIGHTS	750,000	10/08/2021
to be confirmed
New class - code	AOUPERRH CLASS H PERFORMANCE RIGHTS	750,000	10/08/2021
to be confirmed
New class - code	AOUPERRI CLASS I PERFORMANCE RIGHTS	750,000	10/08/2021
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

AUROCH MINERALS 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

91148966545

1.3 ASX issuer code

AOU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

10/8/2021

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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

New +securities issued under an +employee incentive scheme ASX +security code +Security description New class - code to be confirmed AOUOPT9 UNL OPTIONS @ $0.50 +Security type ISIN code Options Date the +securities the subject of this notification were issued 10/8/2021 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 Rebecca Moylan Rebecca Moylan 250,000 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? 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/2924-02405578-6A1045158?access_token=8 3ff96335c2d45a094df02a206a39ff4 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 10/8/2026 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

Exercisable¿5 years from grant date¿if the¿price hits $0.50 target over¿20 day¿VWAP, and 60 months of continuous service.

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://www.investi.com.au/api/announcements/aou/b64a53ea 2a1.pdf

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

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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Issue details

Number of +securities 900,000 Number of +securities 0 Number of +securities 0 Number of +securities 0 Number of +securities 0 Number of +securities 0

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

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New +securities issued under an +employee incentive scheme

ASX +security code New class - code to be confirmed	+Security description AOUPERRE CLASS E PERFORMANCE RIGHTS
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued

10/8/2021

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
Rebecca Moylan	Rebecca Moylan	125,000

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/2924-02405578-6A1045158?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://www.investi.com.au/api/announcements/aou/b64a53ea 2a1.pdf

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

Issue details

Number of +securities

400,000

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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New +securities issued under an +employee incentive scheme	New +securities issued under an +employee incentive scheme
ASX +security code New class - code to be confirmed	+Security description AOUPERRF CLASS F PERFORMANCE RIGHTS
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
10/8/2021

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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----- Start of picture text -----

Name of KMP Name of registered holder Number of +securities
Rebecca Moylan Rebecca Moylan 125,000
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
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://www.investi.com.au/api/announcements/aou/b64a53ea 2a1.pdf
----- End of picture text -----

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

Issue details

Number of +securities

400,000

New +securities issued under an +employee incentive scheme

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 AOUPERRG CLASS G PERFORMANCE RIGHTS
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued

10/8/2021

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
Rebecca Moylan	Rebecca Moylan	225,000

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/2924-02405578-6A1045158?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://www.investi.com.au/api/announcements/aou/b64a53ea 2a1.pdf

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

Issue details

Number of +securities

750,000

New +securities issued under an +employee incentive scheme

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 AOUPERRH CLASS H PERFORMANCE RIGHTS +Security type ISIN code Other

Date the +securities the subject of this notification were issued

10/8/2021

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
Rebecca Moylan	Rebecca Moylan	225,000

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

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://www.investi.com.au/api/announcements/aou/b64a53ea 2a1.pdf

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

Issue details

Number of +securities

750,000

New +securities issued under an +employee incentive scheme

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 AOUPERRI CLASS I PERFORMANCE RIGHTS
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued

10/8/2021

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
Rebecca Moylan	Rebecca Moylan	225,000

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/2924-02405578-6A1045158?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://www.investi.com.au/api/announcements/aou/b64a53ea 2a1.pdf

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

Issue details

Number of +securities

750,000

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

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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
AOU : ORDINARY FULLY PAID	290,385,181
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
AOUAT : OPTION EXPIRING 30-NOV-2021 EX 10C	19,866,618
AOUAAC : OPTION EXPIRING 15-OCT-2023 EX $0.12	2,000,000
AOUAU : OPTION EXPIRING 03-SEP-2023 EX 16C	3,250,000
AOUAX : CLASS B PERFORMANCE RIGHTS	2,425,000
AOUAW : CLASS A PERFORMANCE RIGHTS	2,205,000
AOUAV : OPTION EXPIRING 03-SEP-2023 EX 20C	3,500,000
AOUAY : CLASS A PERFORMANCE SHARE	6,200,000
AOUAZ : CLASS B PERFORMANCE SHARE	2,300,000
AOUAAA : CLASS C PERFORMANCE SHARE	2,300,000
AOUAAB : CLASS D PERFORMANCE SHARE	1,000,000
AOUAQ : PERFORMANCE RIGHTS	1,250,000
New class - code to be confirmed : AOUOPT9 UNL OPTIONS @ $0.50	900,000
New class - code to be confirmed : AOUPERRE CLASS E PERFORMANCE RIGHTS	400,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
New class - code to be confirmed : AOUPERRF CLASS F PERFORMANCE RIGHTS	400,000
New class - code to be confirmed : AOUPERRG CLASS G PERFORMANCE RIGHTS	750,000
New class - code to be confirmed : AOUPERRH CLASS H PERFORMANCE RIGHTS	750,000
New class - code to be confirmed : AOUPERRI CLASS I PERFORMANCE RIGHTS	750,000

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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? Yes

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

5

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