TORQUE METALS LIMITED.. — Share Issue/Capital Change 2021

Nov 30, 2021

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

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Announcement Summary

Entity name

TORQUE METALS LIMITED..

Date of this announcement

Wednesday December 01, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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
TORAI	OPTION EXPIRING 30-NOV-2023 DEFERRED	12,634,092	01/12/2021

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

TORQUE METALS LIMITED..

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

621122905

1.3 ASX issuer code

TOR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/12/2021

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
08-Nov-2021 08:23	New - Proposed issue of securities -	A standard +pro rata issue (non-renounceable)
	TOR

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Corporate Action Component Detail

ASX +security code and description TORAI : OPTION EXPIRING 30-NOV-2023 DEFERRED Date the +securities the subject of this notification were issued 1/12/2021 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 12,634,092 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 0.01000000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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
TOR : ORDINARY FULLY PAID	45,796,073
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
TORAF : OPTION EXPIRING 27-JUL-2023 RESTRICTED	1,000,000
TORAG : OPTION EXPIRING 23-JUN-2024 RESTRICTED	3,875,000
TORAH : OPTION EXPIRING 23-JUN-2024 RESTRICTED	5,500,000
TORAD : ORDINARY FULLY PAID RESTRICTED	14,698,566
TORAE : OPTION EXPIRING 22-DEC-2023 RESTRICTED	2,250,000
TORAI : OPTION EXPIRING 30-NOV-2023 DEFERRED	12,634,092
TORAC : ORDINARY FULLY PAID RESTRICTED	2,323,880

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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