ROX RESOURCES LIMITED — Share Issue/Capital Change 2023

Feb 14, 2023

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

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Announcement Summary

Entity name

ROX RESOURCES LIMITED

Date of this announcement

Wednesday February 15, 2023

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 7,500,000 Director Performance Rights, expiring 7,500,000 14/02/2023 to be confirmed 31 December 2027

Refer to next page for full details of the announcement

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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

ROX 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

ABN

Registration number

53107202602

1.3 ASX issuer code

RXL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

15/2/2023

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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

Performance Rights to Directors approved at the General Meeting 10 February 2023

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 New class - code to be confirmed +Security description 7,500,000 Director Performance Rights, expiring 31 December 2027
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
14/2/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. https://www.investi.com.au/api/announcements/rxl/3f7afe97-80c.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of 7,500,00 Performance Rights (expiring 31 December 2027) to Rox Directors as approved by shareholders on 10 February 2023.

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 N/A.

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

Issue details

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Number of +securities

7,500,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Services rendered as outlined in the Notice of Meeting (ASX: 6 January 2023).

Purpose of the issue

To pay for services rendered

Additional Details

Services rendered as outlined in the Notice of Meeting (ASX: 6 January 2023).

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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
RXL : ORDINARY FULLY PAID	217,197,848
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
RXLAQ : OPTION EXPIRING 31-DEC-2023 EX $1.438	1,333,333
RXLAR : OPTION EXPIRING 31-DEC-2023 EX $1.813	1,333,333
RXLAS : OPTION EXPIRING 31-DEC-2023 EX $2.188	1,333,333
RXLAU : OPTION EXPIRING 25-MAY-2024 EX $0.763	660,000
RXLAT : OPTION EXPIRING 26-MAR-2025 EX $0.988	10,476,190
RXLAV : OPTION EXPIRING 04-MAR-2026 EX $0.72	1,000,000
New class - code to be confirmed : 7,500,000 Director Performance Rights, expiring 31	7,500,000
December 2027

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

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

14

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