PERPETUAL RESOURCES LIMITED — Capital/Financing Update 2021

Aug 1, 2021

Announcement Summary

Entity name

PERPETUAL RESOURCES LIMITED

Date of this announcement

Monday August 02, 2021

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	Unquoted Options	10,000,000	30/07/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

PERPETUAL RESOURCES LIMITED

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 82154516533

1.3 ASX issuer code PEC

1.4 The announcement is New announcement

1.5 Date of this announcement

2/8/2021

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Notification of unquoted classes

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")

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

ASX +security code	+Security description
New class - code to be confirmed	Unquoted Options
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
30/7/2021
Yes	Will all the +securities issued in this class rank equally in all respects from their issue date?
listing rule 6.1?	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
Yesissued.
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.16000000	30/7/2023

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

Other

Equity Securities

Description

Options exercisable at $0.16 expiring 30 July 2023

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 the Options were announced via the release of the Appendix 3B on 30 July 2021. The new class of securities have not been established as of the date of this notice.

Issue details

Number of +securities

10,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Services under Corporate Advisory and Investor Relation Mandates

Purpose of the issue

To pay for services rendered

Additional Details

Equity Securities

Part 4 - +Securities on issue

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 Total number of +securities on issue PEC : ORDINARY FULLY PAID 476,750,631 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
PECAD : OPTION EXPIRING 31-OCT-2024 EX $0.045	5,000,000
PECAL : OPTION EXPIRING 22-FEB-2023 EX $0.13	5,000,000
PECAB : PERFORMANCE SHARES	30,800,000
New class - code to be confirmed : Unquoted Options	10,000,000

Equity Securities

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?

	10,000,000

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

Equity Securities