WINCHESTER ENERGY LTD — Capital/Financing Update 2021

Nov 7, 2021

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Date: 8 November 2021

Issue of Securities

ASX Code: WEL

Directors

James Allchurch Non-Executive Director

Larry Liu Non-Executive Director

Tony Peng Non-Executive Director

Lloyd Flint Company Secretary

Winchester Energy Limited (Winchester or Company) (ASX: WEL) has issued 1,845,718 ordinary fully paid shares and the following options in lieu of cash as well as the following options:

• 1,600,000 exerciseable at 5.0 cents per share on or before 31 December 2023;

• 1,600,000 exerciseable at 5.5 cents per share on or before 31 December 2023; and

• 800,000 exerciseable at 6.0 cents per share on or before 31 December 2023.

Contact Details

Australia

Level 1 10 Outram Street West Perth WA 6005 Australia

PO Box 641 West Perth WA 6872 Australia

Tel: +61 8 9200 3743 Fax: +61 8 9200 3742

USA 4900 Woodway, Ste. 780 Houston, TX 77056

The issue of the above securities satisfies the Company’s obligations for the payment of services rendered.

The relevant appendix 2A and 3G follow.

The Company hereby notifies ASX under section 708A(5)(e) of the Act that:

• (a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at the date of this notice there is no information:

Tel: +1 713 333 0610 winchesterenergyltd.com

• i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

• a. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

• b. the rights and liabilities attaching to the Securities.

This announcement is authorised for release by the board of directors.

Lloyd Flint

Company Secretary

T: +61 8 9200 3743 E: admin@winchesterenergyltd.com

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