POLYMETALS RESOURCES LTD — Share Issue/Capital Change 2022

Jan 23, 2022

Announcement Summary

Entity name

POLYMETALS RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Monday January 24, 2022

The +securities to be quoted are:

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

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
POL	ORDINARY FULLY PAID	50,000	19/01/2022

Refer to next page for full details of the announcement

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

New announcement

1.5 Date of this announcement

24/1/2022

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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

2.2 The +securities to be quoted are:

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

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 POLAI : 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 has expired or is about to expire

And the date the escrow restrictions have ceased or will cease 19/1/2022

50,000

Issue date

19/1/2022

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

Issue details

Number of +securities to be quoted50,000
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 0.16000000
Any other information the entity wishes to provide about the +securities to be quoted

Restricted securities where the escrow period lapsed on 19 January 2022.

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:

(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)

ASX +security code and description	Total number of+securities on issue
POL : ORDINARY FULLY PAID	39,926,035

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
POLAJ : ORDINARY FULLY PAID RESTRICTED	66,667
POLAI : ORDINARY FULLY PAID RESTRICTED	0
POLAK : ORDINARY FULLY PAID RESTRICTED	30,530
POLAL : ORDINARY FULLY PAID RESTRICTED	39,383,434
POLAN : OPTION EXPIRING 30-NOV-2024 EX $0.25	3,500,000
POLAG : ORDINARY FULLY PAID RESTRICTED	16,667
POLAH : ORDINARY FULLY PAID RESTRICTED	16,667
POLAM : PERFORMANCE SHARE RIGHTS	3,100,000