RESOLUTION MINERALS LTD — Share Issue/Capital Change 2022

May 26, 2022

Announcement Summary

Entity name

RESOLUTION MINERALS LTD

Announcement Type

New announcement

Date of this announcement

Friday May 27, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
RML	ORDINARY FULLY PAID	3,825,000	27/05/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RESOLUTION MINERALS LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 99617789732

1.3 ASX issuer code RML

1.4 The announcement is

New announcement

1.5 Date of this announcement

27/5/2022

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an

Appendix 3B

Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)ASX +security code and descriptionRMLAH : PERFORMANCE RIGHTS
TO (Existing Class)ASX +security code and descriptionRML : ORDINARY FULLY PAID
Please state the number of optionsthat were exercised or other+convertible securities that wereconverted	The first date the options wereexercised or other +convertiblesecurities were converted27/5/2022	The last date the options wereexercised or other +convertiblesecurities were converted27/5/2022
3,825,000
Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now beenexercised or have all of those convertible securities now been converted)?No
satisfied by:		The right of the holder of the options or other +convertible securities to receive the +underlying securities is being

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

Name of KMP	Name of registered holder	Number of options being exercisedor other +convertible securitiesbeing converted
Duncan Chessell	Lobuje Pty Ltd <arnold chessell<br="">Family A/C>	1,350,000
Andrew Shearer	Valas Investments Pty Ltd <valasInvestments A/C></valas	500,000
Jarek Kopias	Cassandra Kopias	500,000

Issue date

27/5/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details

Number of +securities to be quoted

3,825,000

Are the +securities being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Employee and consultant remuneration

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.000000

Any other information the entity wishes to provide about the +securities to be quoted

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
RML : ORDINARY FULLY PAID	824,283,247
RMLO : OPTION EXPIRING 31-JUL-2025 DEFERRED	410,229,124
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)

ASX +security code and description	Total number of+securities on issue
RMLAK : OPTION EXPIRING 15-DEC-2023 EX $0.03	79,484,111
RMLAH : PERFORMANCE RIGHTS	24,510,000
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