SOLARA MINERALS LTD — Share Issue/Capital Change 2025

Dec 7, 2025

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

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Announcement Summary

Entity name

SOLARA MINERALS LTD

Date of this announcement

Monday December 08, 2025

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

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unlisted options exercisable at $0.30, expiring 8	2,000,000	08/12/2025
to be confirmed	December 2028

Refer to next page for full details of the announcement

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Appendix 3G - 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

SOLARA MINERALS 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 Registration number ACN 647829749

1.3 ASX issuer code

SLA

1.4 The announcement is

New announcement

1.5 Date of this announcement

8/12/2025

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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")

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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 Unlisted options exercisable at $0.30, expiring 8 December 2028 +Security type ISIN code Options Date the +securities the subject of this notification were issued 8/12/2025 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. Refer to Notice of Annual General Meeting: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2 924-03014790-6A1293467&v=undefined

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.30000000 8/12/2028

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

SLA : 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

Refer to Appendix 3B announced on 17 October 2025: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-researc h/1.0/file/2924-03009288-6A1290794&v=undefined

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

The options will be subject to a vesting condition that the General Manager remains in continuous employment or service with the Company for a period of 12 months, commencing on the date of issue of options, being 8 December 2025.

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Issue details

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Number of +securities

2,000,000

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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)

	Total number of
ASX +security code and description	+securities on issue
SLA : ORDINARY FULLY PAID	59,234,823

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
SLAAB : OPTION EXPIRING 29-AUG-2028 EX $0.30	500,000
SLAAJ : OPTION EXPIRING 27-FEB-2028 EX $0.20	4,000,000
SLAAI : OPTION EXPIRING 09-MAY-2027 EX $0.42	1,339,285
SLAAH : OPTION EXPIRING 03-AUG-2026 EX $0.375	600,000
New class - code to be confirmed : Unlisted options exercisable at $0.30, expiring 8	2,000,000
December 2028

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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