SUREFIRE RESOURCES NL — Capital/Financing Update 2024

Feb 15, 2024

Announcement Summary

Entity name

SUREFIRE RESOURCES NL

Date of this announcement

Friday February 16, 2024

The +securities the subject of this notification are: Total number of +securities to be issued/transferred Other

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	Unquoted options	30,000,000	06/12/2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SUREFIRE RESOURCES NL

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 48083274024

1.3 ASX issuer code

SRN

1.4 The announcement is 1.5 Date of this announcement New announcement

16/2/2024

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Unquoted employee options

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")

Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

ASX +security code	+Security description
New class - code to be confirmed	Unquoted options
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued6/12/2023
Yes	Will all the +securities issued in this class rank equally in all respects from their issue date?
listing rule 6.1?No	Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
issued.	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
https://www.surefireresources.com.au/

Options Details

+Security currency AUD - Australian Dollar Exercise price AUD 0.01870000 Expiry date 6/12/2025

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

SRN : ORDINARY FULLY PAID

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

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

Executive options issued to MD as per a remuneration package was advised to ASX on 2.2.2023, and their subsequent issue was subject to prior shareholder approval. After the AGM approval was given, the options were issued on 6.12.2023. An Appendix 3G was lodged on that day but was deleted pre-lodgement due to a missing URL. The lodgement of a replacement 3G was missed due an administrative oversight.

Issue details

Number of +securities

30,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Executive incentive options

Purpose of the issue

Other

Additional Details

Executive incentive options

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
SRNOD : OPTION EXPIRING 30-NOV-2026	328,222,907
SRN : ORDINARY FULLY PAID	1,963,157,813

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
SRNAK : ORDINARY PARTLY PAID NIL, 2.7C UNPAID	188,785,323
SRNAN : ORDINARY PARTLY PAID $0.0001, $0.0059 UNPAID	70,000,000
New class - code to be confirmed : Unquoted options	30,000,000

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 30/11/2023