TURNSTONE RESOURCES LTD — Share Issue/Capital Change 2022

Nov 1, 2022

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

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Announcement Summary

Entity name

SOUTH HARZ POTASH LTD

Date of this announcement

Wednesday November 02, 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	Unlisted options ex $0.123, expiring 17 Oct 2026	1,000,000	02/11/2022
to be confirmed
New class - code	Unlisted options ex $0.055, expiring 31 October	2,000,000	02/11/2022
to be confirmed	2027
New class - code	Unlisted options ex $0.082, expiring 31 October	2,000,000	02/11/2022
to be confirmed	2027
New class - code	Unlisted options ex $0.109, expiring 31 October	2,000,000	02/11/2022
to be confirmed	2027
New class - code	Unlisted options ex $0.136, expiring 31 October	2,000,000	02/11/2022
to be confirmed	2027

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

SOUTH HARZ POTASH 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

153414852

1.3 ASX issuer code

SHP

1.4 The announcement is

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New announcement

1.5 Date of this announcement

2/11/2022

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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

Pursuant to an Appendix 3B released on 25 October 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

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New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted options ex $0.123, expiring 17 Oct 2026
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ASX +security code New class - code to be confirmed	+Security description Unlisted options ex $0.123, expiring 17 Oct 2026
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
2/11/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://southharzpotash.com/investors/asx-announcements/ Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.12300000 17/10/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description ORD - Ordinary Fully Paid Share Any other information the entity wishes to provide about the +securities the subject of this notification

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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

Previously released to ASX on 25 October 2022

Issue details

Number of +securities 1,000,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities Pursant to an agreement to become a director Purpose of the issue Other

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed Unlisted options ex $0.055, expiring 31 October 2027 +Security type ISIN code Options Date the +securities the subject of this notification were issued 2/11/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://southharzpotash.com/investors/asx-announcements/

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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Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.05500000 31/10/2027

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

Other

Description

ORD - Ordinary Fully Paid Shares

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

Previously released to ASX on 25 October 2022

Issue details

Number of +securities

2,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to an agreement to become Managing Director

Purpose of the issue

Other

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed Unlisted options ex $0.082, expiring 31 October 2027

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+Security type ISIN code Options

Date the +securities the subject of this notification were issued

2/11/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://southharzpotash.com/investors/asx-announcements/

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.08200000 31/10/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

ORD - Ordinary Fully Paid Shares

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

Previously released to ASX on 25 October 2022

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

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Issue details

Number of +securities

2,000,000

Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Pursuant to an agreement to become Managing Director Purpose of the issue Other Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed Unlisted options ex $0.109, expiring 31 October 2027 +Security type ISIN code Options Date the +securities the subject of this notification were issued 2/11/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://southharzpotash.com/investors/asx-announcements/

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.10900000 31/10/2027

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

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

Other

Description

ORD - Ordinary Fully Paid Shares

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

Previously released to ASX on 25 October 2022

Issue details

Number of +securities

2,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to an agreement to become Managing Director

Purpose of the issue

Other

Additional Details

New +securities

ASX +security code +Security description

New class - code to be confirmed Unlisted options ex $0.136, expiring 31 October 2027 +Security type ISIN code

Options

Date the +securities the subject of this notification were issued

2/11/2022

Will all the +securities issued in this class rank equally in all respects from their issue date?

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

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Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://southharzpotash.com/investors/asx-announcements/

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.13600000 31/10/2027

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

Description

ORD - Ordinary Fully Paid Shares

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

Previously released to ASX on 25 October 2022

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Issue details

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Number of +securities

2,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to an agreement to become Managing Director

Purpose of the issue

Other

Additional Details

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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 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
SHP : ORDINARY FULLY PAID	532,679,096
SHPO : OPTION EXPIRING 31-JUL-2023	46,175,789

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
SHPAG : OPTION EXPIRING 31-JUL-2023 EX 7.5C	3,100,000
SHPAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	80,021,317
SHPAS : OPTION EXPIRING 30-MAR-2027 EX $0.1606	2,868,000
SHPAH : OPTION EXPIRING 02-DEC-2024 EX $0.08	3,500,000
SHPAI : OPTION EXPIRING 02-DEC-2024 EX $0.12	3,500,000
SHPAE : PERFORMANCE RIGHTS	779,625
SHPAK : OPTION EXPIRING 27-MAY-2026 EX $0.203	5,346,970
SHPAQ : OPTION EXPIRING 17-DEC-2024 EX $0.18	2,192,084
SHPAR : OPTION EXPIRING 17-DEC-2024 EX $0.24	2,192,084
SHPAP : OPTION EXPIRING 05-AUG-2026 EX $0.1511	192,069
New class - code to be confirmed : Unlisted options ex $0.123, expiring 17 Oct 2026	1,000,000
New class - code to be confirmed : Unlisted options ex $0.055, expiring 31 October 2027	2,000,000

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New class - code to be confirmed : Unlisted options ex $0.082, expiring	31	October	2027	2,000,000
New class - code to be confirmed : Unlisted options ex $0.109, expiring	31	October	2027	2,000,000
New class - code to be confirmed : Unlisted options ex $0.136, expiring	31	October	2027	2,000,000

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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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

9,000,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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