S2 RESOURCES LTD — Share Issue/Capital Change 2021

Nov 11, 2021

Announcement Summary

Entity name

S2 RESOURCES LTD

Date of this announcement

Friday November 12, 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
New class - codeto be confirmed	OPTION EXPIRING 11-NOV-2025 EX $0.29	11,050,000	12/11/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

S2 RESOURCES LTD

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

18606128090

1.3 ASX issuer code S2R

1.4 The announcement is

New announcement

1.5 Date of this announcement

12/11/2021

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:

does not have an existing ASX security code ("new class")

Equity Securities

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

		+Security description
New class - code to be confirmed		OPTION EXPIRING 11-NOV-2025 EX $0.29
+Security type	ISIN code
Options
	Date the +securities the subject of this notification were issued
12/11/2021
Yes	Will all the +securities issued in this class rank equally in all respects from their issue date?
	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
Matthew Keane	Aust Elite Pty Ltd ATF Eljash Trust	1,750,000
listing rule 6.1?Yesissued.	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable underPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities being

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.29000000	11/11/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

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

Other

Description

Fully paid quoted ordinary shares

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

http://www.s2resources.com.au/documents/NOMAGM-S2R300921Finalclean.pdf

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

Issue details

Number of +securities

4,450,000

Number of +securities 100,000

Number of +securities 6,500,000

Equity Securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities ofthe 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 oneapplication 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
S2R : ORDINARY FULLY PAID	356,374,855
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
S2RAM : OPTION EXPIRING 04-OCT-2024 EX $0.39	2,000,000
S2RAK : OPTION EXPIRING 26-AUG-2024 EX 30C	200,000

S2RAH : OPTION EXPIRING 27-NOV-2022 14C 2,400,000

S2RAI : OPTION EXPIRING 04-MAR-2023 11C 50,000

S2RAJ : OPTION EXPIRING 11-NOV-2023 30C 18,000,000

S2RAE : OPTION EXPIRING 02-DEC-2023 EX 30C 200,000

S2RAN : OPTION EXPIRING 16-NOV-2024 EX $0.38 7,350,000

New class - code to be confirmed : OPTION EXPIRING 11-NOV-2025 EX $0.29 11,050,000

Equity Securities

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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