TOUBANI RESOURCES LIMITED — Share Issue/Capital Change 2025

Nov 23, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

TOUBANI RESOURCES LIMITED

Date of this announcement

Monday November 24, 2025

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
TREAT	PERFORMANCE RIGHTS	11,300,000	14/11/2025

Refer to next page for full details of the announcement

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Appendix 3G - 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

TOUBANI RESOURCES 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 Registration number ABN 80661082435

1.3 ASX issuer code

TRE

1.4 The announcement is

New announcement

1.5 Date of this announcement

24/11/2025

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities in an existing class issued under an +employee incentive scheme ASX +security code and description TREAT : PERFORMANCE RIGHTS Date the +securities the subject of this notification were issued 14/11/2025 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=02694032 Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 11,300,000

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Part 4 - +Securities on issue

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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)

	Total number of
ASX +security code and description	+securities on issue
TRE : ORDINARY FULLY PAID	521,654,707
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
TREAU : OPTION EXPIRING 17-JUN-2027 EX $0.25	600,000
TREAV : OPTION EXPIRING 12-FEB-2027 EX $0.23	1,750,000
TREAY : OPTION EXPIRING 30-SEP-2027 EX $0.40	600,000
TREAQ : OPTION EXPIRING 09-JAN-2026 EX $0.50	1,000,000
TREAP : OPTION EXPIRING 09-JAN-2026 EX $0.35	1,000,000
TREAZ : OPTION EXPIRING 07-MAY-2028 EX $0.336	28,344,994
TREAW : OPTION EXPIRING 12-AUG-2027 EX $0.25	750,000
TREAAB : OPTION EXPIRING 06-AUG-2030 EX $0.336	12,500,000
TREAX : OPTION EXPIRING 20-SEP-2027 EX $0.25	150,000
TREAS : OPTION EXPIRING 06-SEP-2026 EX $0.35	950,000
TREAT : PERFORMANCE RIGHTS	26,550,000
TREAJ : OPTION EXPIRING 31-MAR-2026 EX CAD 0.45	799,996
TREAK : OPTION EXPIRING 14-DEC-2026 EX CAD 0.42	166,666
TREAL : OPTION EXPIRING 04-MAY-2027 EX CAD 0.30	482,221
TREAAA : OPTION EXPIRING 01-AUG-2028 EX $0.336	30,516,380

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

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1,000,000

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TREAR : OPTION EXPIRING 15-FEB-2026 EX $0.35

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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