RENEGADE EXPLORATION LIMITED — Capital/Financing Update 2022

Dec 1, 2022

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

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Announcement Summary

Entity name

RENEGADE EXPLORATION LIMITED

Date of this announcement

Friday December 02, 2022

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	Performance Rights expiring 2 Dec 2024	5,000,000	02/12/2022
to be confirmed
New class - code	Performance Rights expiring 2 Dec 2025	10,000,000	02/12/2022
to be confirmed

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

RENEGADE EXPLORATION 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

114187978

1.3 ASX issuer code

RNX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

2/12/2022

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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 Perfomance Rights pursuant to shareholder approval at the 2022 AGM

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

New +securities ASX +security code +Security description New class - code to be confirmed Performance Rights expiring 2 Dec 2024 +Security type ISIN code Other Date the +securities the subject of this notification were issued 2/12/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://renegadeexploration.com/investors/asx-announcements/

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 the market in an Appendix 3B

Has previously been announced in an App 3B on 1 December 2022

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

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Issue details

Number of +securities

5,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Provision of services as a director Purpose of the issue Other Additional Details Pursuant to a letter of appointment to become a director

New +securities ASX +security code +Security description New class - code to be confirmed Performance Rights expiring 2 Dec 2025 +Security type ISIN code Other Date the +securities the subject of this notification were issued 2/12/2022

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

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

https://renegadeexploration.com/investors/asx-announcements/

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 the market in an Appendix 3B

Has previousdly been announced in an App 3B on 1 December 2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Issue details

Number of +securities

10,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Provision of services as a director

Purpose of the issue

Other

Additional Details

Pursuant to a letter of appointment to become a director

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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
RNX : ORDINARY FULLY PAID	921,683,780

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
RNXAD : OPTION EXPIRING 30-NOV-2023 EX $0.005	40,000,000
New class - code to be confirmed : Performance Rights expiring 2 Dec 2024	5,000,000
New class - code to be confirmed : Performance Rights expiring 2 Dec 2025	10,000,000

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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? 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

29/11/2022

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