QMINES LIMITED — Share Issue/Capital Change 2021

Nov 11, 2021

Announcement Summary

Entity name

QMINES LIMITED

Date of this announcement

Friday November 12, 2021

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that 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
New class - codeto be confirmed	Performance Rights	4,800,000	12/11/2021

Refer to next page for full details of the announcement

Equity Securities

Part 1 - Entity and announcement details

1.1 Name of entity

QMINES 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 72643212104

1.3 ASX issuer code QML

1.4 The announcement is New announcement

1.5 Date of this announcement

12/11/2021

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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")

Equity Securities

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

ASX +security code	+Security description
New class - code to be confirmed		Performance Rights
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
12/11/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?Yes
Provide details of the KMP or +associates being issued +securities.
Name of KMP	Name of registered holder	Number of +securities
James Anderson	2Sausos Pty Ltd <n &="" a="" c="" family="" j="">	3,500,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20210504/pdf/44w5xg5l3sjb4j.pdf https://www.asx.com.au/asxpdf/20210504/pdf/44w5x82h6qf314.pdf

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

Each Performance Right will convert into one fully paid ordinary share (QML), subject to attainment of the vesting conditions.

Equity Securities

Issue details

Number of +securities

4,800,000

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities ofthe 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 oneapplication 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
QML : ORDINARY FULLY PAID	54,328,304
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
QMLAC : ORDINARY FULLY PAID RESTRICTED	33,333

QMLAE : ORDINARY FULLY PAID RESTRICTED	47,151,069

QMLAF : OPTION EXPIRING 06-MAY-2024 RESTRICTED 4,200,000

QMLAD : ORDINARY FULLY PAID RESTRICTED 9,860,042

New class - code to be confirmed : Performance Rights	4,800,000

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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