Sarama Resources Ltd. — Share Issue/Capital Change 2023

Apr 30, 2023

Part 1 - Entity and announcement details

1.1 Name of +Entity

SARAMA RESOURCES LTD

1.2 Registered Number Type ARBN

Registration Number 143964649

1.3 ASX issuer code SRR

1.4 The announcement is New announcement

1.5 Date of this announcement

1/5/2023

Part 2 - Details of CDIs and other securities on issue

2.1 Statement for month and yearApril-2023
2.2a Number and class of all ASX-quoted CDIs on issue
ASX +Security Code and Description			CDI Ratio
SRR : CHESS DEPOSITARY INTERESTS 1:1			1:1
Total number of CDIs quoted on ASXat end of statement month (A)50,899,300	51,044,300	Total number of CDIs quoted on ASXat end of previous month (B)	Net Difference (A-B)-145,000
Reason for change:
Net transfers of securities between CDIs and		Common share
as quoted / held on		TSXV

If the total number of CDIs quoted on ASX at the end of the statement month (A), is greater than the total number of CDIs for which the entity has previously paid an initial listing fee or an additional listing fee under Table 1A and 1C of Guidance Note 15A (C), the entity hereby applies for +quotation of the difference (A - C) and agrees to the matters set out in Appendix 2A of the ASX Listing Rules.

2.2b Number and class of all issued securities not represented by CDIs quoted on ASX

ASX +Security Code and Description

SRRAA : OPTION EXPIRING 22-APR-2025 RESTRICTED

Total number of securities at end of	Total number of securities at end of	Net Difference (A-B)
statement month (A)	previous month (B)	0
2,500,000	2,500,000

ASX +Security Code and Description

SRRAB : ORDINARY FULLY PAID

Total number of securities at end of	Total number of securities at end of	Net Difference (A-B)
statement month (A)	previous month (B)	145,000
100,772,869	100,627,869

Reason for change:

Net transfer of securities between CDIs and Common Shares as quoted/held on TSXV

ASX +Security Code and Description

SRRAD : OPTION EXPIRING 23-JUN-2023 EX CAD $0.24

Net Difference (A-B)

0

Total number of securities at end ofstatement month (A)	Total number of securities at end ofprevious month (B)
500,000	500,000
ASX +Security Code and Description
SRRAE : OPTION EXPIRING 14-JAN-2024 EX CAD $0.35
Total number of securities at end of	Total number of securities at end of	Net Difference (A-B)
statement month (A)	previous month (B)	0
3,158,336	3,158,336
ASX +Security Code and Description
SRRAF : WARRANTS EXPIRING 23-MAY-2024 EX CAD $0.30
Total number of securities at end of	Total number of securities at end of	Net Difference (A-B)
statement month (A)	previous month (B)	0
833,333	833,333
ASX +Security Code and Description
SRRAG : WARRANTS EXPIRING 23-MAY-2024 EX CAD $0.60
Total number of securities at end of	Total number of securities at end of	Net Difference (A-B)
statement month (A)	previous month (B)	0
833,333	833,333
ASX +Security Code and DescriptionSRRAH : WARRANTS EXPIRING 28-JUL-2024 EX CAD $0.28
Total number of securities at end of	Total number of securities at end of	Net Difference (A-B)
statement month (A)4,863,517	previous month (B)4,863,517	0
ASX +Security Code and Description
SRRAI : OPTION EXPIRING 19-JAN-2025 EX CAD $0.20
Total number of securities at end ofstatement month (A)	Total number of securities at end ofprevious month (B)	Net Difference (A-B)
2,721,665	2,721,665	0
ASX +Security Code and Description
SRRAL : OPTION EXPIRING 13-APR-2026 EX $0.15
Total number of securities at end ofTotal number of securities at end ofNet Difference (A-B)
statement month (A)	previous month (B)	0
6,875,000	6,875,000
ASX +Security Code and Description

SRRAM : OPTION EXPIRING 20-APR-2026 EX $0.16

Total number of securities at end of Total number of securities at end of Net Difference (A-B)

Total number of securities at end of	Total number of securities at end of	Net Difference (A-B)
statement month (A)	previous month (B)	0
3,793,333	3,793,333