XPEDRA RESOURCES LIMITED — Share Issue/Capital Change 2021

Sep 16, 2021

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

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Announcement Summary

Entity name

VALOR RESOURCES LIMITED

Date of this announcement

Friday September 17, 2021

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 expiring 30-04-2022 ex $0.015	50,000,000	16/09/2021
to be confirmed

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

VALOR 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

ABN

Registration number

88076390451

1.3 ASX issuer code

VAL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

17/9/2021

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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:

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Other

Please specify

Unlisted options as per ASX Announcements and Appendix 3B dated 14 Sept 2021

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

New +securities ASX +security code +Security description New class - code to be confirmed Unlisted options expiring 30-04-2022 ex $0.015 +Security type ISIN code Options Date the +securities the subject of this notification were issued 16/9/2021 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. As per ASX Announcements and Appendix 3B dated 14 September 2021

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.01500000	30/4/2022
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 (ASX:VAL)
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 N/A- Appendix 3B lodged 14 September 2021 Issue details Number of +securities 50,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Unlisted options in lieu of cash consideration for the provision of consulting services Purpose of the issue To pay for services rendered Additional Details

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

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Part 4 - +Securities on issue

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
VAL : ORDINARY FULLY PAID	2,958,831,418
VALOB : OPTION EXPIRING 31-DEC-2021	425,000,000

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
VALAH : PERFORMANCE RIGHTS	553,333,333
VALAG : OPTION EXPIRING 11-FEB-2024 EX $0.015	60,000,000
VALAI : OPTION EXPIRING 03-MAY-2023 EX $0.015	25,000,000
New class - code to be confirmed : Unlisted options expiring 30-04-2022 ex $0.015	50,000,000

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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?

50000000

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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