SATURN METALS LIMITED — Share Issue/Capital Change 2021

Dec 20, 2021

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

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Announcement Summary

Entity name

SATURN METALS LIMITED

Date of this announcement

Tuesday December 21, 2021

The +securities the subject of this notification are:

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+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

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unquoted Options exercisable at $0.63 per share,	1,200,000	20/12/2021
to be confirmed	expiring 9 December 2025
New class - code	Performance Rights	1,757,000	20/12/2021
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

SATURN METALS 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

43619488498

1.3 ASX issuer code

STN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/12/2021

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+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:

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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

ASX +security code +Security description New class - code to be confirmed Unquoted Options exercisable at $0.63 per share, expiring 9 December 2025 +Security type ISIN code Options Date the +securities the subject of this notification were issued 20/12/2021 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. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.63000000 9/12/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description STN Ordinary Shares 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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441023-6A1058164?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

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

Unquoted Options were issued to Employees under the Company's Incentive Plan. These securities were issued under Exception 13 and did not require shareholder approval.

Issue details

Number of +securities 1,200,000 ASX +security code +Security description New class - code to be confirmed Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 20/12/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

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Name of KMP Name of registered holder Number of +securities
Ian Bamborough Roman Road Pty Ltd A/C>
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441023--api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441023-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441023--gateway/ASX/asx-research/1.0/file/2924-02441023-gateway/ASX/asx-research/1.0/file/2924-02441023--research/1.0/file/2924-02441023-research/1.0/file/2924-02441023--02441023-02441023--6A1058164?access_token=8
----- End of picture text -----

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441023--api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441023-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441023--gateway/ASX/asx-research/1.0/file/2924-02441023-gateway/ASX/asx-research/1.0/file/2924-02441023--research/1.0/file/2924-02441023-research/1.0/file/2924-02441023--02441023-02441023--6A1058164?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

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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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02441023-6A1058164?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

750,000 Performance Rights were issued to Managing Director Ian Bamborough subsequent to shareholder approval received 24 November 2021.

An additional 1,007,000 Performance rights on the same terms were issues to Employees of the Company issued under Exception 13 and did not require shareholder approval.

Issue details

Number of +securities

1,757,000

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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
STN : ORDINARY FULLY PAID	127,065,844

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
STNAF : OPTION EXPIRING 22-NOV-2024 EX $0.80	2,200,000
STNAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	1,300,500
STNAE : PERFORMANCE RIGHTS	1,769,000
New class - code to be confirmed : Unquoted Options exercisable at $0.63 per share,	1,200,000
expiring 9 December 2025
New class - code to be confirmed : Performance Rights	1,757,000

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

24/11/2021

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