REDSTONE RESOURCES LIMITED — Share Issue/Capital Change 2023

Dec 27, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

REDSTONE RESOURCES LIMITED

Date of this announcement

Thursday December 28, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code Unquoted options exercisable at $0.0096 on or 27,000,000 28/12/2023 to be confirmed before 23 November 2028.

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

REDSTONE 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

ACN

Registration number

090169154

1.3 ASX issuer code

RDS

1.4 The announcement is

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New announcement

1.5 Date of this announcement

28/12/2023

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of Options to Directors, Employee and Consultant pursuant to shareholder approval.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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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

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----- Start of picture text ----- New +securitiesASX +security code +Security descriptionNew class - code to be confirmed Unquoted options exercisable at $0.0096 on or before 23November 2028.+Security type ISIN codeOptionsDate the +securities the subject of this notification were issued28/12/2023Will all the +securities issued in this class rank equally in all respects from their issue date?YesHave you received confirmation from ASX that the terms of the +securities are appropriate and equitable underlisting rule 6.1?YesPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.https://app.sharelinktechnologies.com/announcement/asx/3aa0191334eb511e7b6430c46ab82272----- End of picture text -----

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00960000 23/11/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Unquoted options exercisable at $0.0096 on or before 23 November 2028 Any other information the entity wishes to provide about the +securities the subject of this notification

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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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

N/A

Issue details

Number of +securities

27,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Nil consideration. The Options are issued as an incentive for technical, management and corporate services provided to the Company.

Purpose of the issue

Other

Additional Details

The Options are issued as an incentive for technical, management and corporate services provided.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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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)

	Total number of
ASX +security code and description	+securities on issue
RDS : ORDINARY FULLY PAID	921,378,460

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
RDSAAA : OPTION EXPIRING 23-NOV-2027 EX $0.0164	17,000,000
RDSAC : OPTION EXPIRING 20-NOV-2025 EX $0.0204	15,000,000
RDSAD : OPTION EXPIRING 23-JAN-2027 EX $0.0188	32,000,000
RDSAAB : OPTION EXPIRING 31-DEC-2025 EX $0.025	35,833,333
New class - code to be confirmed : Unquoted options exercisable at $0.0096 on or before 23	27,000,000
November 2028.

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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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