RINCON RESOURCES LIMITED — Share Issue/Capital Change 2026

May 11, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Announcement Summary

Entity name
RINCON RESOURCES LIMITED

Date of this announcement
Tuesday May 12, 2026

The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	OPTION EXPIRING 12-MAY-2029 EX $0.015	100,000,000	12/05/2026

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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
12/5/2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
02-Mar-2026 09:21	New - Proposed issue of securities - RCR	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?
No

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

• ASX +security code and description

• new unquoted class of security

• Date the +securities the subject of this notification were issued

• 12/3/2026

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

Issue details

• Number of +securities

• 100,000,000

• Were the +securities issued for a cash consideration?

• Yes

• In what currency was the cash consideration being paid?

• AUD - Australian Dollar

• What was the issue price per +security?

• AUD 0.00001000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code	+Security description
New class - code to be confirmed	OPTION EXPIRING 12-MAY-2029 EX $0.015
+Security type	ISIN code
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Options

Date the +securities the subject of this notification were issued
12/5/2026

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://announcements.asx.com.au/asxpdf/20260401/pdf/06y222jf32kck0.pdf

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.01500000	12/5/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
RCR : ORDINARY FULLY PAID

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

Issue details

Number of +securities
100,000,000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

ASX +security code and description	Total number of +securities on issue
RCR : ORDINARY FULLY PAID	390,562,433

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
RCRAAC : OPTION EXPIRING 13-AUG-2026 EX $0.15	16,000,000
RCRAAD : OPTION EXPIRING 13-AUG-2027 EX $0.15	20,000,000
RCRAY : OPTION EXPIRING 01-DEC-2027 EX $0.05	5,250,000
RCRAZ : OPTION EXPIRING 01-DEC-2027 EX $0.075	5,250,000
RCRAAA : OPTION EXPIRING 01-DEC-2027 EX $0.10	5,250,000
RCRAJ : PERFORMANCE RIGHTS	5,150,000
RCRAAE : OPTION EXPIRING 14-FEB-2027 EX $0.03	97,520,256
New class - code to be confirmed : OPTION EXPIRING 12-MAY-2029 EX $0.015	100,000,000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities