POLYMETALS RESOURCES LTD — Capital/Financing Update 2021

Nov 11, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

POLYMETALS RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Friday November 12, 2021

The +securities to be quoted are:

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+Restricted securities where the escrow period has expired or is about to expire

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
POL	ORDINARY FULLY PAID	58,333	12/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

POLYMETALS 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 73644736247

1.3 ASX issuer code

POL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

12/11/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Restricted securities where the escrow period has expired or is about to expire

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class as a result of escrow expiring on an existing class

FROM (Existing Class) ASX +security code and description POLAC : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description POL : ORDINARY FULLY PAID

Please state the number of +restricted securities where the escrow period And the date the escrow restrictions has expired or is about to expire have ceased or will cease 58,333 12/11/2021

Issue date 12/11/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

58,333

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Restricted securities where the escrow period has lapsed 12 November 2021.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.150000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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

	Total number of
ASX +security code and description	+securities on issue
POL : ORDINARY FULLY PAID	39,409,368
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
POLAJ : ORDINARY FULLY PAID RESTRICTED	66,667
POLAI : ORDINARY FULLY PAID RESTRICTED	50,000
POLAK : ORDINARY FULLY PAID RESTRICTED	30,530
POLAL : ORDINARY FULLY PAID RESTRICTED	39,383,434
POLAC : ORDINARY FULLY PAID RESTRICTED	0
POLAD : ORDINARY FULLY PAID RESTRICTED	333,333
POLAF : ORDINARY FULLY PAID RESTRICTED	41,667
POLAE : ORDINARY FULLY PAID RESTRICTED	91,667
POLAG : ORDINARY FULLY PAID RESTRICTED	16,667
POLAH : ORDINARY FULLY PAID RESTRICTED	16,667

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

Application for quotation of +securities

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