RINCON RESOURCES LIMITED — Share Issue/Capital Change 2021

Sep 23, 2021

Announcement Summary

Entity name

RINCON RESOURCES LIMITED

Date of this announcement

Friday September 24, 2021

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
RCRAJ	PERFORMANCE RIGHTS CLASS A	250,000	23/09/2021
RCRAK	PERFORMANCE RIGHTS CLASS B	500,000	23/09/2021
RCRAL	PERFORMANCE RIGHTS CLASS C	750,000	23/09/2021
RCRAM	PERFORMANCE RIGHTS CLASS D	500,000	23/09/2021

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) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

24/9/2021

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

has an existing ASX security code ("existing class")

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to

ASX in an Appendix 3B

ASX +security code and description RCRAJ : PERFORMANCE RIGHTS CLASS A Date the +securities the subject of this notification were issued 23/9/2021 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Were any of the +securities issued to +key management personnel (KMP) or an +associate? Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Gary Harvey Julia Harvey 250,000 Yes Yes

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20210527/pdf/44ww2prhrwxr2z.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Equity Securities

	Number of +securities
250,000

ASX +security code and description RCRAK : PERFORMANCE RIGHTS CLASS B

23/9/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Gary Harvey	Julia Harvey	500,000

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20210527/pdf/44ww2prhrwxr2z.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 500,000

ASX +security code and description

RCRAL : PERFORMANCE RIGHTS CLASS C

Date the +securities the subject of this notification were issued

23/9/2021

Equity Securities

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Gary Harvey	Julia Harvey	750,000

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20210527/pdf/44ww2prhrwxr2z.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 750,000

ASX +security code and description

RCRAM : PERFORMANCE RIGHTS CLASS D

Date the +securities the subject of this notification were issued

23/9/2021

Equity Securities

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Gary Harvey	Julia Harvey	500,000

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20210527/pdf/44ww2prhrwxr2z.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 500,000

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) ASX +security code and description Total number of +securities on issue RCR : ORDINARY FULLY PAID 39,734,544

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	498,212
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

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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