PATERSON RESOURCES LTD — Share Issue/Capital Change 2025

Sep 23, 2025

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

PATERSON RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Wednesday September 24, 2025

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
PSL	ORDINARY FULLY PAID	28,333,334	24/09/2025

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 1 - Entity and announcement details

1.1 Name of entity

PATERSON RESOURCES LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

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

24/9/2025

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
13-Aug-2025 09:14	New - Proposed issue of securities -	A placement or other type of issue
	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

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

Issue of Director's placement participation shares (22,222,222) and free attaching options (22,222,222) is subject to shareholder approval. In addition, the issue of the 28,333,334 free attaching options (issued on a 1:1 basis to the placement shares the subject of this Appendix 2A) will be issued under the Prospectus for the Rights Issue, which will be lodged with ASX on or around next Thursday, 25 September 2025.

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Appendix 2A - Application for quotation of securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description PSL : ORDINARY FULLY PAID

Issue date

24/9/2025

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held Number of +securities held Number of holders For example, to enter a value of 50% please input as 50.00 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted 28,333,334 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.01800000 Any other information the entity wishes to provide about the +securities to be quoted

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
PSL : ORDINARY FULLY PAID	484,371,213
PSLN : ORDINARY FULLY PAID DEFERRED	60,546,402
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
PSLAO : OPTION EXPIRING 24-NOV-2026 EX $0.05	34,282,515
PSLAQ : OPTION EXPIRING 31-AUG-2028 DEFERRED	60,546,402

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

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