TECHGEN METALS LTD — Capital/Financing Update 2022

Dec 22, 2022

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

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Announcement Summary

Entity name

TECHGEN METALS LTD

Date of this announcement

Friday December 23, 2022

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 Performance Rights 3,500,000 23/12/2022 to be confirmed

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

TECHGEN METALS 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

ACN

Registration number

624721035

1.3 ASX issuer code

TG1

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/12/2022

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Performance Rights pursuant to shareholder approval at Annual General Meeting held 30 November 2022

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

New +securities
ASX +security code New class - code to be confirmed	+Security description Performance Rights
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
23/12/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asxpdf/20221028/pdf/45gx8st7fwsjst.pdf Refer to Schedule 4 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

N/A

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Issue details

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Number of +securities

3,500,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Nil - cost effective consideration to the Directors for their ongoing commitment and contribution to the Company in their respective roles

Purpose of the issue

Other

Additional Details

see above

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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
TG1 : ORDINARY FULLY PAID	54,748,957
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
TG1AG : OPTION EXPIRING 16-NOV-2024 EX $0.30	4,000,000
TG1AB : ORDINARY FULLY PAID RESTRICTED	8,994,286
TG1AD : OPTION EXPIRING 07-APR-2024 RESTRICTED	11,000,000
TG1AC : OPTION EXPIRING 07-APR-2024 EX $0.30	2,333,334
TG1AE : PERFORMANCE RIGHTS RESTRICTED	4,700,000
TG1AF : OPTION EXPIRING 07-APR-2023 EX $0.60	500,000
New class - code to be confirmed : Performance Rights	3,500,000

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? Yes

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

30/11/2022

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