RINCON RESOURCES LIMITED — Share Issue/Capital Change 2021

Dec 2, 2021

Announcement Summary

Entity name

RINCON RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Friday December 03, 2021

The +securities to be quoted are:

+Restricted securities where the escrow period has expired or is about to expire

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
RCR	ORDINARY FULLY PAID	498,212	01/12/2020

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RINCON RESOURCES LIMITED

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 ACN

Registration number 628003538

1.3 ASX issuer code RCR

1.4 The announcement is

New announcement

1.5 Date of this announcement

3/12/2021

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Restricted securities where the escrow period has expired or is about to expire

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

Additional +securities to be quoted in an existing class as a result of escrow expiring on an existing class

FROM (Existing Class) ASX +security code and description RCRAG : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description RCR : ORDINARY FULLY PAID

Please state the number of +restricted securities where the escrow period has expired or is about to expire

And the date the escrow restrictions have ceased or will cease 1/12/2021

498,212

Issue date

1/12/2020

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

498,212

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

N/A, issued prior to the Company being admitted to the Official List of ASX. Refer to the prospectus dated 03/11/2020 released on the ASX Market Announcements Platform on 18/12/2020.

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

0.140000

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

Release of securities from escrow

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
RCR : ORDINARY FULLY PAID	40,232,756

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
RCRAH : ORDINARY FULLY PAID RESTRICTED	2,045,790
RCRAI : ORDINARY FULLY PAID RESTRICTED	9,058,210
RCRAG : ORDINARY FULLY PAID RESTRICTED	0
RCRAJ : PERFORMANCE RIGHTS CLASS A	650,000
RCRAK : PERFORMANCE RIGHTS CLASS B	1,300,000
RCRAL : PERFORMANCE RIGHTS CLASS C	1,550,000
RCRAM : PERFORMANCE RIGHTS CLASS D	1,300,000