SOLIS MINERALS LIMITED — Share Issue/Capital Change 2023

Aug 24, 2023

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

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Announcement Summary

Entity name

SOLIS MINERALS LTD.

Date of this announcement

Friday August 25, 2023

The +securities the subject of this notification are: Other

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 A$0.60 on or	600,000	24/08/2023
to be confirmed	before 11 August 2026.

Refer to next page for full details of the announcement

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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

SOLIS 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

ARBN

Registration number

653083026

1.3 ASX issuer code

SLM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

25/8/2023

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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

Please specify

The issue of 600,000 unlisted options to a Lithium-focused advisory firm.

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

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New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted Options, exercisable at A$0.60 on or before 11
August 2026.
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
24/8/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
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.
RK Equity Advisors, LLC and Mr Rodney Hooper each received 300,000 unlisted options exercisable at A$0.60 on or
before 11 August 2026, as per consulting agreement entered into by Solis Minerals Ltd. dated 23 August 2023.
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Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.60000000	11/8/2026
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
SLMAB : ORDINARY FULLY PAID

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

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

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The issue of 600,000 unlisted options to a Lithium-focused advisory firm as per consulting agreement entered into by Solis Minerals Ltd. dated 23 August 2023.

Issue details

Number of +securities

600,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

For services provided as strategic advisor to the Company and for promoting Solis in North America and Australia.

Purpose of the issue

To pay for services rendered

Additional Details

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

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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
SLM : CHESS DEPOSITARY INTERESTS 1:1	76,541,745
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
SLMAL : PERFORMANCE RIGHTS	7,000,000
SLMAA : OPTION EXPIRING 23-DEC-2024 RESTRICTED	3,666,667
SLMAB : ORDINARY FULLY PAID	11,129,677
SLMAF : OPTION EXPIRING 15-DEC-2023 EX $0.30	2,651,538
SLMAG : OPTION EXPIRING 27-OCT-2025 EX $0.175	1,450,000
SLMAH : OPTION EXPIRING 18-JUN-2026 EX $0.30	275,000
New class - code to be confirmed : Unlisted Options, exercisable at A$0.60 on or before 11	600,000
August 2026.

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

600,000 unlisted options

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A

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