RAGUSA MINERALS LTD — Share Issue/Capital Change 2021

Aug 24, 2021

Announcement Summary

Entity name

RAGUSA MINERALS LTD

Date of this announcement

Wednesday August 25, 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	Unlisted options exercisable at $0.12 expiring 25August 2024.	2,000,000	25/08/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RAGUSA MINERALS LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

143194165

1.3 ASX issuer code

RAS

1.4 The announcement is

New announcement

1.5 Date of this announcement

25/8/2021

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

2,000,000 unlisted options at $0.12 expiring 25 August 2024.

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

New +securities

ASX +security code	+Security description
New class - code to be confirmed	Unlisted options exercisable at $0.12 expiring 25 August2024.

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued

25/8/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes

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

Refer to explanatory memorandum in the Notice of Meeting found at the following location: https://cdn-api.markitdigital.co m/apiman-gateway/ASX/asx-research/1.0/file/2924-02398511-2A1311491?access\_token=83ff96335c2d45a094df02a206 a39ff4

Options Details

+Security currency AUD - Australian Dollar Exercise price AUD 0.12000000 Expiry date 25/8/2024

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

One fully paid ordinary share (ASX:RAS)

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

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

Refer to Appendix 3B announced to the market on 5 July 2021. Found at the following location: https://cdn-api.markitdigit al.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02391810-2A1307877?access\_token=83ff96335c2d45a094df02 a206a39ff4

Issue details

Number of +securities

2,000,000

Were the +securities issued for a cash consideration?

Yes

In what currency was the cash consideration being paid?

AUD - Australian Dollar

What was the issue price per +security?

AUD 0.00001000

Purpose of the issue

To pay for services rendered

Additional Details

Consideration for services provided as lead managers of the August placement.

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 RAS : ORDINARY FULLY PAID 104,615,030

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
RASAA : ORDINARY FULLY PAID RESTRICTED	7,214,468
RASAB : ORDINARY FULLY PAID RESTRICTED	2,268,559
RASAF : FIRST MILESTONE SHARES RESTRICTED	4,999,999
RASAG : SECOND MILESTONE SHARES RESTRICTED	4,999,999
RASAH : FIRST MILESTONE SHARES RESTRICTED	1,666,667
RASAJ : SECOND MILESTONE SHARES RESTRICTED	1,666,667
RASAD : OPTION EXPIRING 31-DEC-2022 RESTRICTED	1,007,953
RASAC : OPTION EXPIRING 31-DEC-2022 RESTRICTED	8,581,122
RASAE : OPTION EXPIRING 31-DEC-2022 RESTRICTED	45,924,835
New class - code to be confirmed : Unlisted options exercisable at $0.12 expiring 25 August2024.	2,000,000

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? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 23/8/2021

Equity Securities