SUREFIRE RESOURCES NL — Share Issue/Capital Change 2022

May 29, 2022

^yŶŶŽƵŶĐĞŵĞŶƚ ʹ ϯϬ DĂLJ ϮϬϮϮ ^yŽĚĞƐ͗ ^ZE ĂŶĚ ^ZEK

WĂŐĞ ϭ

EKd/ K&yW/ZzK& >/^d KWd/KE^

^ƵƌĞĨŝƌĞ ZĞƐŽƵƌĐĞƐ E>;^y͗^ZE ĂŶĚ ^ZEKͿ ;^ƵƌĞĨŝƌĞ Žƌ ƚŚĞ ŽŵƉĂŶLJͿ ĂĚǀŝƐĞƐ ƚŚĂƚƚŚĞ ĂƚƚĂĐŚĞĚůĞƚƚĞƌŚĂƐďĞĞŶƐĞŶƚƚŽ ƌĞŐŝƐƚĞƌĞĚŚŽůĚĞƌƐŽĨůŝƐƚĞĚŽƉƚŝŽŶƐ ;^y͗^ZEKͿ ;KƉƚŝŽŶƐͿ ǁŚŝĐŚĂƌĞ ĞdžĞƌĐŝƐĂďůĞ Ăƚ ΨϬ͘ϬϬϲ ĞĂĐŚ͕ ŽŶŽƌďĞĨŽƌĞ ϱ͗ϬϬƉŵ t^d ŽŶdŚƵƌƐĚĂLJ ϯϬ :ƵŶĞ ϮϬϮϮ ;džƉŝƌLJĂƚĞͿ͘

KĨĨŝĐŝĂůƋƵŽƚĂƚŝŽŶŽĨƚŚĞ KƉƚŝŽŶƐ ŽŶ^yǁŝůůĐĞĂƐĞ ĂƚĐůŽƐĞ ŽĨƚƌĂĚŝŶŐŽŶ&ƌŝĚĂLJ Ϯϰ :ƵŶĞ ϮϬϮϮ͕ ďĞŝŶŐĨŽƵƌďƵƐŝŶĞƐƐ ĚĂLJƐ ďĞĨŽƌĞ ƚŚĞ džƉŝƌLJ ĂƚĞ͘

,ŽůĚĞƌƐŽĨƚŚĞ KƉƚŝŽŶƐ ĐĂŶĞdžĞƌĐŝƐĞ ĂůůŽƌƉĂƌƚŽĨƚŚĞŝƌ KƉƚŝŽŶƐ ƉƌŝŽƌƚŽ ƚŚĞ džƉŝƌLJ ĂƚĞ ďLJ ƉƌŽǀŝĚŝŶŐ ƚŚĞ ŽŵƉĂŶLJ ǁŝƚŚĂĐŽŵƉůĞƚĞĚǁƌŝƚƚĞŶĞdžĞƌĐŝƐĞ ŶŽƚŝĐĞ ƐƉĞĐŝĨLJŝŶŐƚŚĞ ŶƵŵďĞƌŽĨ KƉƚŝŽŶƐ ďĞŝŶŐĞdžĞƌĐŝƐĞĚĂŶĚĂƉĂLJŵĞŶƚŝŶĐůĞĂƌĞĚĨƵŶĚƐ ĨŽƌ ƚŚĞ ƚŽƚĂů ĞdžĞƌĐŝƐĞ ƉƌŝĐĞ ĨŽƌƚŚĞ ŶƵŵďĞƌŽĨKƉƚŝŽŶƐ ďĞŝŶŐĞdžĞƌĐŝƐĞĚ͘

dŚĞ ŽĂƌĚ ŽĨ ƚŚĞ ŽŵƉĂŶLJŚĂƐ ĂƵƚŚŽƌŝƐĞĚ ƌĞůĞĂƐĞ ŽĨ ƚŚŝƐĂŶŶŽƵŶĐĞŵĞŶƚ ƚŽ ƚŚĞ ^y͘

zŽƵƌƐĨĂŝƚŚĨƵůůLJ͕

ZƵĚŽůĨ dŝĞůĞŵĂŶ ŽŵƉĂŶLJ^ĞĐƌĞƚĂƌLJ

yW/ZzK&>/^d KWd/KE^ ;^y͗^ZEKͿ

^ƵƌĞĨŝƌĞZĞƐŽƵƌĐĞƐ E>;^y͗^ZE ĂŶĚ ^y͗^ZEKͿ ;^ƵƌĞĨŝƌĞ Žƌ ƚŚĞ ŽŵƉĂŶLJͿ ĂĚǀŝƐĞƐ ƚŚĂƚ ƚŚŝƐ ůĞƚƚĞƌŝƐ ďĞŝŶŐ ƐĞŶƚ ƚŽ LJŽƵ ĂƐ Ă ƌĞŐŝƐƚĞƌĞĚ ŚŽůĚĞƌŽĨůŝƐƚĞĚ ŽƉƚŝŽŶƐ ;^y͗^ZEKͿ ;KƉƚŝŽŶƐͿ ŝŶƚŚĞ ŽŵƉĂŶLJ͘

dŚĞ KƉƚŝŽŶƐ ĂƌĞĞdžĞƌĐŝƐĂďůĞ Ăƚ ΨϬ͘ϬϬϲĞĂĐŚ ĂŶĚ ǁŝůů ĞdžƉŝƌĞ Ăƚ ϱ͗ϬϬƉŵ t^d ŽŶdŚƵƌƐĚĂLJϯϬ :ƵŶĞϮϬϮϮ ;džƉŝƌLJ ĂƚĞͿ͘

/ŶƐƚƌƵĐƚŝŽŶƐ

dŚĞƌĞŝƐ ŶŽ ŽďůŝŐĂƚŝŽŶƵƉŽŶĂŶ KƉƚŝŽŶ ŚŽůĚĞƌƚŽ ĞdžĞƌĐŝƐĞƚŚĞŝƌKƉƚŝŽŶƐ͘ dŚĞĐŽƵƌƐĞƐ ŽĨĂĐƚŝŽŶ ĂǀĂŝůĂďůĞ ƚŽ LJŽƵ ĂƐ Ă ŚŽůĚĞƌ ŽĨƚŚĞƐĞKƉƚŝŽŶƐ ĂƌĞ͗

• ϭ͘ džĞƌĐŝƐĞ LJŽƵƌ KƉƚŝŽŶƐ͗ /ĨLJŽƵ ǁŝƐŚ ƚŽ ĞdžĞƌĐŝƐĞLJŽƵƌKƉƚŝŽŶƐ͕LJŽƵŵƵƐƚ ĐŽŵƉůĞƚĞƚŚĞ ͞EŽƚŝĐĞ ŽĨdžĞƌĐŝƐĞ ŽĨ KƉƚŝŽŶƐ͟ ;EŽƚŝĐĞŽĨdžĞƌĐŝƐĞͿ ĨŽƌŵ ĂĐĐŽŵƉĂŶLJŝŶŐ ƚŚŝƐ ůĞƚƚĞƌĂŶĚ ƉƌŽǀŝĚĞ ƚŚĞ ĐŽŵƉůĞƚĞĚ EŽƚŝĐĞ ŽĨdžĞƌĐŝƐĞƚŽŐĞƚŚĞƌ ǁŝƚŚ ĐůĞĂƌĞĚ ĨƵŶĚƐ ŝŶƉĂLJŵĞŶƚ ŽĨΨϬ͘ϬϬϲƉĞƌ KƉƚŝŽŶ ďĞŝŶŐ ĞdžĞƌĐŝƐĞĚ ŝŶĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚƚŚĞ ŝŶƐƚƌƵĐƚŝŽŶƐ ƐĞƚ ŽƵƚ ŝŶ ƚŚĞ EŽƚŝĐĞ ŽĨdžĞƌĐŝƐĞ͘ zŽƵƌ ĐŽŵƉůĞƚĞĚ EŽƚŝĐĞ ŽĨdžĞƌĐŝƐĞ ĂŶĚ ĐůĞĂƌĞĚĨƵŶĚƐ ŵƵƐƚ ďĞ ƌĞĐĞŝǀĞĚ ďLJŶŽ ůĂƚĞƌƚŚĂŶ ϱ͗ϬϬƉŵ t^dŽŶ ƚŚĞ džƉŝƌLJ ĂƚĞ͘ /ŶƐƚƌƵĐƚŝŽŶƐ ƌĞŐĂƌĚŝŶŐ ŵĞƚŚŽĚƐ ŽĨ ƉĂLJŵĞŶƚ ĂƌĞ ŝŶĐůƵĚĞĚ ŝŶ ƚŚĞ EŽƚŝĐĞ ŽĨdžĞƌĐŝƐĞ͘
• Ϯ͘ ^ĞůůLJŽƵƌ KƉƚŝŽŶƐ͗ WůĞĂƐĞ ŶŽƚĞ ƚŚĂƚ ŽĨĨŝĐŝĂů ƋƵŽƚĂƚŝŽŶ ŽĨƚŚĞŽƉƚŝŽŶƐ ŽŶ ^yǁŝůů ĐĞĂƐĞ Ăƚ ĐůŽƐĞ ŽĨƚƌĂĚŝŶŐ ŽŶϮϰ :ƵŶĞ ϮϬϮϮ͕ďĞŝŶŐ ĨŽƵƌďƵƐŝŶĞƐƐ ĚĂLJƐ ďĞĨŽƌĞƚŚĞ džƉŝƌLJ ĂƚĞ͘
• ϯ͘ Ž ŶŽƚŚŝŶŐ ĂŶĚ ĂůůŽǁ LJŽƵƌKƉƚŝŽŶƐ ƚŽ ĞdžƉŝƌĞ͗ /Ĩ LJŽƵ ĚŽ ŶŽƚ ĞdžĞƌĐŝƐĞ ŽƌƐĞůů LJŽƵƌKƉƚŝŽŶƐ ŝŶ ƚŚĞ ŵĂŶŶĞƌ ĚĞƐĐƌŝďĞĚ ĂďŽǀĞ͕ƚŚĞLJ ǁŝůůĞdžƉŝƌĞ Ăƚ ϱ͗ϬϬƉŵt^d ŽŶ ƚŚĞ džƉŝƌLJ ĂƚĞ ĂŶĚ LJŽƵƌ ƌŝŐŚƚƐ ƚŽ ƐƵďƐĐƌŝďĞ ĨŽƌĨƵůůLJ ƉĂŝĚ ŽƌĚŝŶĂƌLJƐŚĂƌĞƐ ŝŶ ƚŚĞĐĂƉŝƚĂů ŽĨƚŚĞŽŵƉĂŶLJ ;^ŚĂƌĞƐͿ Ăƚ ΨϬ͘ϬϬϲƉĞƌ^ŚĂƌĞ ǁŝůůůĂƉƐĞ͘

/Ŷ ĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ ůĂƵƐĞ ϱ͘Ϯ ŽĨƉƉĞŶĚŝdž ϲ ŽĨ ƚŚĞ ^y>ŝƐƚŝŶŐ ZƵůĞƐ͕ƚŚĞ ŽŵƉĂŶLJ ƉƌŽǀŝĚĞƐ ƚŚĞ ĨŽůůŽǁŝŶŐ ŝŶĨŽƌŵĂƚŝŽŶ͗

• ;ĂͿ dŚĞ ŶĂŵĞ ŽĨ ƚŚĞŚŽůĚĞƌ ŽĨƚŚĞKƉƚŝŽŶƐ͕ƚŚĞ ŶƵŵďĞƌ ŽĨKƉƚŝŽŶƐ ŚĞůĚ ĂŶĚ ƚŚĞ ŶƵŵďĞƌ ŽĨ ^ŚĂƌĞƐƚŽ ďĞŝƐƐƵĞĚ ŽŶĞdžĞƌĐŝƐĞŽĨƚŚĞKƉƚŝŽŶƐŝƐƐĞƚ ŽƵƚ ŝŶƚŚĞƉĞƌƐŽŶĂůŝƐĞĚ EŽƚŝĐĞ ŽĨdžĞƌĐŝƐĞ ĂĐĐŽŵƉĂŶLJŝŶŐ ƚŚŝƐ ůĞƚƚĞƌ͖
• ;ďͿ dŚĞĞdžĞƌĐŝƐĞ ƉƌŝĐĞŽĨ ƚŚĞ KƉƚŝŽŶƐ ŝƐ ΨϬ͘ϬϬϲ ƉĞƌKƉƚŝŽŶ͖
• ;ĐͿ dŚĞKƉƚŝŽŶƐ ŵƵƐƚ ďĞ ĞdžĞƌĐŝƐĞĚ ĂŶĚ ƉĂLJŵĞŶƚ ŝŶ ĐůĞĂƌĞĚĨƵŶĚƐ ƌĞĐĞŝǀĞĚ ďLJ ŶŽ ůĂƚĞƌƚŚĂŶ ϱ͗ϬϬƉŵt^d ŽŶ dŚƵƌƐĚĂLJϯϬ :ƵŶĞϮϬϮϮ͕ďĞŝŶŐ ƚŚĞdžƉŝƌLJĂƚĞ͖

• ;ĚͿ /ĨLJŽƵ ĚŽ ŶŽƚ ĞdžĞƌĐŝƐĞ ;ŽƌƐĞůůͿ LJŽƵƌKƉƚŝŽŶƐ ŝŶƚŚĞŵĂŶŶĞƌĚĞƐĐƌŝďĞĚĂďŽǀĞ͕ƚŚĞLJ ǁŝůůĞdžƉŝƌĞ Ăƚ ϱ͗ϬϬƉŵt^d ŽŶƚŚĞ džƉŝƌLJĂƚĞ ĂŶĚ LJŽƵƌƌŝŐŚƚ ƚŽ ƐƵďƐĐƌŝďĞ ĨŽƌ ^ŚĂƌĞƐ Ăƚ ΨϬ͘ϬϬϲƉĞƌ ^ŚĂƌĞǁŝůů ůĂƉƐĞ͖
• ;ĞͿ KĨĨŝĐŝĂůƋƵŽƚĂƚŝŽŶ ŽĨƚŚĞ KƉƚŝŽŶƐ ŽŶ^yǁŝůůĐĞĂƐĞ Ăƚ ĐůŽƐĞ ŽĨƚƌĂĚŝŶŐ ŽŶ &ƌŝĚĂLJϮϰ :ƵŶĞϮϬϮϮ͕ ďĞŝŶŐ ĨŽƵƌďƵƐŝŶĞƐƐ ĚĂLJƐ ďĞĨŽƌĞƚŚĞ džƉŝƌLJ ĂƚĞ͖
• ;ĨͿ dŚĞ ŵĂƌŬĞƚ ƉƌŝĐĞ ŽĨ ^ŚĂƌĞƐ ŽŶ ^y ŽŶ Ϯϲ DĂLJϮϬϮϮ ǁĂƐ ΨϬ͘Ϭϯϴ͕ďĞŝŶŐ ƚŚĞ ĐůŽƐŝŶŐ ƉƌŝĐĞ ŽĨ ^ŚĂƌĞƐ ŽŶ ^yƉƌŝŽƌƚŽ ƚŚĞ ĚĂƚĞ ŽĨƚŚŝƐ ůĞƚƚĞƌ͖
• ;ŐͿ ƵƌŝŶŐƚŚĞ ƚŚƌĞĞ ;ϯͿ ŵŽŶƚŚƐ ƉƌĞĐĞĚŝŶŐ ƚŚĞ ĚĂƚĞ ŽĨƚŚŝƐ ůĞƚƚĞƌ͗
  • ŝ͘ dŚĞ ŚŝŐŚĞƐƚ ŵĂƌŬĞƚ ƐĂůĞƉƌŝĐĞ ŽĨ^ŚĂƌĞƐ ŽŶ ^y ǁĂƐ ΨϬ͘Ϭϱϳ ŽŶ ϰ DĂLJ ϮϬϮϮ͖ĂŶĚ
  • ŝŝ͘ dŚĞ ůŽǁĞƐƚ ŵĂƌŬĞƚ ƐĂůĞƉƌŝĐĞ ŽĨ^ŚĂƌĞƐ ŽŶ ^yǁĂƐ ΨϬ͘Ϭϭϭ ŽŶ Ϯϰ &ĞďƌƵĂƌLJ ϮϬϮϮ͘

Ɛ Ăƚ ƚŚĞ ĚĂƚĞ ŽĨƚŚŝƐ ůĞƚƚĞƌ͕ƚŚĞ ŽŵƉĂŶLJŚĂƐ ŶŽƚ ĞŶƚĞƌĞĚ ŝŶƚŽ ĂŶ ƵŶĚĞƌǁƌŝƚŝŶŐ ĂŐƌĞĞŵĞŶƚ ŝŶ ƌĞůĂƚŝŽŶ ƚŽ ƚŚĞƵŶĞdžĞƌĐŝƐĞĚ KƉƚŝŽŶƐ ďƵƚ ƌĞƐĞƌǀĞƐ ŝƚƐ ƌŝŐŚƚƐ ƚŽ ĚŽ ƐŽ ƵƉŽŶ ŶŽƌŵĂůĐŽŵŵĞƌĐŝĂů ƚĞƌŵƐ ĐůŽƐĞƌƚŽ ƚŚĞdžƉŝƌLJĂƚĞ ĂŶĚǁŝůů ĂĚǀŝƐĞ ƐƵĐŚ ƚĞƌŵƐ ŝŶĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ ^y>ŝƐƚŝŶŐ ZƵůĞ ϯ͘ϭϭ͘ϯ͘

/ĨLJŽƵ ŚĂǀĞ ĂŶLJƋƵĞƐƚŝŽŶƐ ŝŶƌĞůĂƚŝŽŶ ƚŽ ĂŶLJŽĨƚŚĞ ĂďŽǀĞ͕ƉůĞĂƐĞ ĐŽŶƚĂĐƚ ĚǀĂŶĐĞĚ ^ŚĂƌĞ ZĞŐŝƐƚƌLJŽŶ нϲϭ ϴϵϯϴϵ ϴϬϯϯ͘

zŽƵƌƐ ĨĂŝƚŚĨƵůůLJ͕

ZƵĚŽůĨdŝĞůĞŵĂŶ

ŽŵƉĂŶLJ ^ĞĐƌĞƚĂƌLJ

SUREFIRE RESOURCES NL

ABN 48 083 274 024 INCORPORATED IN WESTERN AUSTRALIA APPLICATION FOR SHARES UPON EXERCISE OF OPTIONS

I/We, the registered holder(s) of the Options, hereby exercise my/our Option for: ______________________ ____________________________________________ In figures In words

Ordinary Fully Paid Shares and enclose application money of $0.006 per share $.......................................................................................................................................

(amount payable on exercise)

I/We whose full name(s) and address(es) appear above hereby apply for the number of Shares shown above. I/We agree to be bound by the Constitution of the Company.

Signature of Option holder(s)(All joint holders must sign)				Companies OnlyExecuted in accordance with the Company's Constitution and the Corporations Law.
	˚-----------------------------------------------			˚----------------------------------------------------------------------
	Signature	Date		Sole Director and Sole Secretary		Date
	˚-----------------------------------------------Signature	Date		˚---------------------------------------------Director	Date		˚----------------------------------------------Secretary	Date
-----	˚-----------------------------------------------		----	˚---------------------------------------------		-----	˚----------------------------------------------
˚	Signature	Date	˚	Director	Date		Director	Date
--------------____Note: If signed under Power of Attorney, a Certified Copy of the relevant Power of Attorney document must be exhibited to the Registry.The Attorney declares that he/she has had no notice of revocation of the Power of Attorney.˚˚
˚

˚ TERMS AND CONDITIONS

• 1. Each Option may be exercised by giving notice in that regard together with payment of the amount of $0.006 (0.6 cents) (Exercise Price).
• 1. Each Option entitles the holder to subscribe for one fully paid ordinary share (Fully Paid Share) in Surefire Resources NL ACN 083 274 024 (SRN or the Company) upon payment of the Exercise Price, and when converted, the Fully Paid Share shall rank pari passu with the existing class of ASX:SRN.
• 1. The Options will lapse at 5:00 pm on 30 June 2022 (Expiry Date).
• 1. The Options are transferable at any time in accordance with the Corporations Act 2001 and any applicable rules of ASX.
• 1. There are no participating rights or entitlements inherent in the Options and holders of the Options will not be entitled (as a consequence of holding Option) to participate in new issues of capital that may be offered to shareholders during the currency of the Options.
• 1. The Option holder has the right to exercise Options prior to the date for determining entitlements to any capital issues to the then existing shareholders of the Company made during the currency of the Options, and will be granted a period of at least 3 business days before the relevant record date to exercise the Options.
• 1. Subject to any requirements of the Corporations Act and ASX Listing Rules, the Options do not confer the right to a change in exercise price or the number of securities over which the Option can be exercised.
• 1. In the event of any re-organisation (including reconstruction, consolidation, subdivision, reduction or return of capital) of the issued capital of the Company, the Options will be reorganised as required by the Listing Rules, but in all other respects the terms of exercise will remain unchanged.
• 1. Unless approved otherwise by the Company on a case-by-case basis (with no obligation on the Company to do so), Options can only be exercised in parcels of not less than 500,000, except where the total Options held by the holder is less than 500,000 (in which case, all Options held by the holder must be exercised and the costs of filing with ASX in connection with the exercise to be borne up front by the Option holder). Subject to ASX listing rules, the Company shall not be obliged to issue Shares in response to an exercise of Options more frequently than once per calendar quarter. The Company may, in its discretion, waive this clause or any part of it and such a waiver may be subject to conditions or further limitations.
• 1. Subject to clause 9, the Options shall be exercisable at any time during the period (Exercise Period) ending on the Expiry Date by: (a) the delivery to the registered office of the Company of a notice in writing (Notice) stating the intention of the Option holder to exercise all or a specified number of Options held by them accompanied by cleared funds for the subscription monies for the Shares; or (b) such other form and method as may be approved by the Company from time to time. The Notice and cleared funds must be received by the Company during the Exercise Period. An exercise of only some Options shall not affect the rights of the Option holder to the balance of the Options held by it PROVIDED THAT if the remaining number be less than 500,000 those Options shall ipso facto lapse.
• 1. If the Company has entered into an agreement to underwrite the exercise of the Options and any Options remain unexercised at the Expiry Date, then the holder of those unexercised Options immediately, unconditionally and irrevocably appoints the Company as the Option holder's agent to transfer (for no consideration to that holder) the unexercised Options to the relevant underwriter and, despite clause 10, that underwriter is entitled to exercise the unexercised Options within 14 calendar days (or such fewer days as the Company may determine in its absolute discretion) of the Expiry Date.
• 1. Subject to clause 9, the Company shall endeavour to allot the resultant Shares and deliver a statement of shareholdings with a holders' identification number within 5 business days of exercise of the Options.
• 1. A notice may, without limitation, be given by the Company to any Option holder in the same manner as a notice may be given by the Company to any Shareholder.

1. The Company will apply for quotation of the Options.

METHOD OF ACCEPTANCE
®	Please enter cheque,	Drawer	Bank	Branch	Amount
	bank draft or money orderdetails				$
Cheque should be made payable to 'SUREFIRE RESOURCES NL' and crossed 'Not Negotiable' and drawn on an Australian Bank and posted to Advanced Share Registry
Limited, PO BOX 1156 Nedlands Western Australia 6909OR
®			You can pay by BPAY.If you choose to pay by BPAY, please return thecompleted and signed form to us via post to the above-mentioned address or byemail to admin@advancedshare.com.au.
IMPORTANT NOTE: Options not exercised by 30 June 2022 will automatically expire. Completed notice and payment must be received by Advanced Share Registry Ltd by no

later than 5.00pm (WST) on 30 June 2022.

Option holders are strongly encouraged to make the payment by BPAY® and email their completed notice. Option holders should be aware that their own financial institution may implement earlier cut off times with regard to electronic payment and should therefore take this into consideration when making payment. It is the responsibility of the Applicant to ensure that funds submitted through BPAY® are received by this time.

If you are paying by cheque, the completed notice and the cheque must be received by Advanced Share Registry Ltd by no later than 5.00pm (WST) on 30 June 2022. You should allow sufficient time for this to occur. Option holder should not rely on the postal service to physically deliver documents/cheques by the expiry date