Announcement Summary

Entity name

PATERSON RESOURCES LTD

Date of this announcement

Thursday December 21, 2023

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
PSLAO	OPTION EXPIRING 24-NOV-2026 EX $0.05	8,928,576	21/12/2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

PATERSON 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

ABN

Registration number

45115593005

1.3 ASX issuer code PSL

1.4 The announcement is

New announcement

1.5 Date of this announcement

21/12/2023

Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
08-Nov-2023 11:38	Update - Update - Proposed issue of	A standard +pro rata issue (non-renounceable)
	securities - PSL

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

Yes

Equity Securities

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Approximately 3,975,060 unlisted options (being the free attaching options to the shortfall shares - see ASX announcement lodged 1 December 2023)

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been

notified to ASX in an Appendix 3B

Corporate Action Component Detail

ASX +security code and description

PSLAO : OPTION EXPIRING 24-NOV-2026 EX $0.05

Date the +securities the subject of this notification were issued

21/12/2023

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

Issue details

Number of +securities
8,928,576
Were the +securities issued for a cash consideration?Yes
In what currency was the cash consideration beingpaid?	What was the issue price per +security?
AUD - Australian Dollar	AUD 0.00000000

Part 4 - +Securities on issue

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5 / 5

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)

ASX +security code and description

PSL : ORDINARY FULLY PAID 428,359,304

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

ASX +security code and description

PSLAO : OPTION EXPIRING 24-NOV-2026 EX $0.05 24,461,086

Total number of +securities on issue

AI assistant

PATERSON RESOURCES LTD Share Issue/Capital Change 2023