S2 RESOURCES LTD — Share Issue/Capital Change 2022

May 3, 2022

Announcement Summary

Entity name

S2 RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Wednesday May 04, 2022

Details of +securities that have ceased

ASX +securitycode	Security description	Number of+securities thathave ceased	The +securities haveceased due to	Date ofcessation
S2RAO	OPTION EXPIRING11-NOV-2025 EX $0.29	750,000	Lapse of conditional right tosecurities because theconditions have not been, orhave become incapable ofbeing, satisfied	03/05/2022

Refer to next page for full details of the announcement

Part 1 - Announcement Details

1.1 Name of +Entity

S2 RESOURCES LTD

We (the entity named above) provide the following information about our issued capital.

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

4/5/2022

Part 2 - Details of +equity securities or +debt securities that have ceased

ASX +Security Code and Description

S2RAO : OPTION EXPIRING 11-NOV-2025 EX $0.29

Unquoted +equity securities that have ceased

Number of securities that have ceased

750,000

3/5/2022

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Is the entity paying any consideration for the cessation? No

Any other information the entity wishes to notify to ASX about the cessation?

Part 3 - Issued capital following changes

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)

ASX +security code and description	Total number of+securities on issue
S2R : ORDINARY FULLY PAID	356,374,855

3.2 Unquoted +equity securities (total number of each +class of +equity 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
S2RAO : OPTION EXPIRING 11-NOV-2025 EX $0.29	10,300,000

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.