S2 RESOURCES LTD — Share Issue/Capital Change 2026

Apr 21, 2026

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

Announcement Summary

Entity name
S2 RESOURCES LTD

Date of this announcement
Wednesday April 22, 2026

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 +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	OPTION EXPIRING 22-APR-2030 EX $0.095	450,000	22/04/2026

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
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
ACN
Registration number
606128090

1.3 ASX issuer code
S2R

1.4 The announcement is
New announcement

1.5 Date of this announcement
22/4/2026

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:
+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")

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 22-APR-2030 EX $0.095
+Security type	ISIN code
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Options

Date the +securities the subject of this notification were issued
22/4/2026

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No

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/20251027/pdf/06r2j4zqwqj6gq.pdf

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.09500000	22/4/2030

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
S2R : ORDINARY FULLY PAID

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://announcements.asx.com.au/asxpdf/20251027/pdf/06r2j4zqwqj6gq.pdf

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

Issue details

Number of +securities
450,000

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
S2R : ORDINARY FULLY PAID	531,586,373

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
S2RAP : OPTION EXPIRING 27-APR-2026 EX $0.23	200,000
S2RAU : OPTION EXPIRING 01-JUL-2029 EX $0.097	11,550,000
S2RAQ : OPTION EXPIRING 21-OCT-2026 EX $0.20	8,100,000
S2RAT : OPTION EXPIRING 01-JUL-2028 EX $0.135	13,000,000
S2RAV : OPTION EXPIRING 07-JUL-2027 EX $0.11	24,305,494
S2RAS : OPTION EXPIRING 08-SEP-2027 EX $0.25	13,350,000
New class - code to be confirmed : OPTION EXPIRING 22-APR-2030 EX $0.095	450,000

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 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
13

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