RESOLUTION MINERALS LTD — Share Issue/Capital Change 2021

Nov 11, 2021

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

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Announcement Summary

Entity name

RESOLUTION MINERALS LTD

Date of this announcement

Friday November 12, 2021

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 - exercise price of $0.03 each	42,209,111	12/11/2021
to be confirmed	and expiry of 15 December 2023.

Refer to next page for full details of the announcement

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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Part 1 - Entity and announcement details

1.1 Name of entity

RESOLUTION 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

ABN

Registration number

99617789732

1.3 ASX issuer code

RML

1.4 The announcement is

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New announcement

1.5 Date of this announcement

12/11/2021

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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

New class of unquoted options as detailed in the Appendix 3B lodged on 15 September 2021.

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 Unquoted options - exercise price of $0.03 each and expiry of 15 December 2023. +Security type ISIN code Options 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 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02435153 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.03000000 15/12/2023 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description RML - fully paid ordinary shares Any other information the entity wishes to provide about the +securities the subject of this notification

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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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

Not applicable

Issue details

Number of +securities 42,209,111 Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities Attaching to placement shares issued on 22 September 2021.

Purpose of the issue Other

Additional Details

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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
RML : ORDINARY FULLY PAID	619,022,837
RMLOB : OPTION EXPIRING 30-SEP-2023	74,634,643
RMLOA : OPTION EXPIRING 30-JUN-2022	6,096,558
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
RMLAH : PERFORMANCE RIGHTS	11,400,000
RMLAE : PERFORMANCE SHARES CLASS A	9,600,000
RMLAF : PERFORMANCE SHARES CLASS B	3,575,000
RMLAI : OPTION EXPIRING 30-NOV-2022 EX VARIOUS PRICES	13,400,000
RMLAJ : OPTION EXPIRING 15-APR-2022 EX $0.042	59,053,569
New class - code to be confirmed : Unquoted options - exercise price of $0.03 each and	42,209,111
expiry of 15 December 2023.

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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

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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

11/11/2021

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