TURNSTONE RESOURCES LTD — Share Issue/Capital Change 2023

Dec 21, 2023

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

Friday December 22, 2023

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 $0.08 exp 21 Dec 2026 3,500,000 22/12/2023 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

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

22/12/2023

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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

Unlisted options ex $0.08 and expiry 21 December 2026

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 $0.08 exp 21 Dec 2026
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ASX +security code New class - code to be confirmed	+Security description Unlisted Options ex $0.08 exp 21 Dec 2026
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
22/12/2023
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	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 0.08000000	21/12/2026
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Ordinary fully paid shares
Any other information the entity wishes to provide about the +securities the subject of this notification

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

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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 announced in an App 3B on 15 December 2023 and updated on 19 December 2023

Issue details

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 Issued pursuant to a mandate for the provision of services

Purpose of the issue

To pay for services rendered

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	724,877,402
SHPN : ORDINARY FULLY PAID DEFERRED	51,934,145

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
SHPAA : OPTION EXPIRING 23-NOV-2025 EX $0.09	3,366,667
SHPAAC : OPTION EXPIRING 10-AUG-2026 EX $0.08	25,602,270
SHPAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	12,875,999
SHPAS : OPTION EXPIRING 30-MAR-2027 EX $0.1606	2,382,000
SHPAH : OPTION EXPIRING 02-DEC-2024 EX $0.08	3,500,000
SHPAI : OPTION EXPIRING 02-DEC-2024 EX $0.12	3,500,000
SHPAAF : OPTION EXPIRING 24-NOV-2026 EX $0.08	1,375,000
SHPAAD : OPTION EXPIRING 21-AUG-2027 EX $0.064	1,000,000
SHPAAA : OPTION EXPIRING 01-JAN-2028 EX $0.066	3,000,000
SHPAAB : OPTION EXPIRING 01-JAN-2028 EX $0.088	3,000,000
SHPAK : OPTION EXPIRING 27-MAY-2026 EX $0.203	4,606,605
SHPAAE : OPTION EXPIRING 31-OCT-2028 EX $0.056	28,315,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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
SHPAW : OPTION EXPIRING 31-OCT-2027 EX $0.109	2,000,000
SHPAX : OPTION EXPIRING 31-OCT-2027 EX $0.136	2,000,000
SHPAY : OPTION EXPIRING 30-SEP-2027 EX $0.12	2,818,000
SHPAZ : OPTION EXPIRING 10-NOV-2027 EX $0.15	4,623,000
SHPAT : OPTION EXPIRING 17-OCT-2026 EX $0.123	1,000,000
SHPAU : OPTION EXPIRING 31-OCT-2027 EX $0.055	2,000,000
SHPAV : OPTION EXPIRING 31-OCT-2027 EX $0.082	2,000,000
New class - code to be confirmed : Unlisted Options ex $0.08 exp 21 Dec 2026	3,500,000

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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?

3,500,000

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)? N/A

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