VERITY RESOURCES LIMITED — Share Issue/Capital Change 2025

Nov 12, 2025

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

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Announcement Summary

Entity name

VERITY RESOURCES LIMITED

Date of this announcement

Thursday November 13, 2025

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	VRLAN: OPTION EXPIRING 13-NOV-2028 EX	17,000,000	13/11/2025
to be confirmed	$0.036

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

VERITY 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 96122995073

1.3 ASX issuer code

VRL

1.4 The announcement is

New announcement

1.5 Date of this announcement

13/11/2025

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Appendix 3G - 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:

Other

Please specify

Options issued to directors following shareholder approval at GM held on 7 November 2025.

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

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)

New +securities

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ASX +security code +Security description
New class - code to be confirmed VRLAN: OPTION EXPIRING 13-NOV-2028 EX $0.036
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
13/11/2025
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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03012917-6A1292527&v=undefined
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Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.03600000	13/11/2028

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

VRL : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

Inventive Options criteria: The Company achieving a 10-day volume weighted average share price (VWAP) of $0.036 per Share (calculated over 10 consecutive trading days on which the Company's Shares actually traded).

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

Options issued following shareholder approval at a general meeting held on 7 November 2025.

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

Issue details

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Number of +securities 17,000,000 Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities Options issued to Directors and advisors for nil consideration. Purpose of the issue Other Additional Details

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Part 4 - +Securities on issue

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
VRL : ORDINARY FULLY PAID	350,006,335
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
VRLAL : OPTION EXPIRING 19-MAR-2028 EX $0.022	114,105,526
New class - code to be confirmed : VRLAN: OPTION EXPIRING 13-NOV-2028 EX $0.036	17,000,000

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? Yes

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

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