ZENITH MINERALS LIMITED — Share Issue/Capital Change 2021

Jul 15, 2021

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

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Announcement Summary

Entity name

ZENITH MINERALS LIMITED

Date of this announcement

Friday July 16, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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 exercisable at $0.379 expiring 14	750,000	16/07/2021
to be confirmed	July 2024

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

ZENITH MINERALS 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

96119397938

1.3 ASX issuer code

ZNC

1.4 The announcement is

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New announcement

1.5 Date of this announcement

16/7/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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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ASX +security code +Security description
New class - code to be confirmed Unlisted options exercisable at $0.379 expiring 14 July
2024
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
16/7/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
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://wcsecure.weblink.com.au/pdf/ZNC/02291627.pdf
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.37900000 14/7/2024
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
New class of options
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms
https://wcsecure.weblink.com.au/pdf/ZNC/02291627.pdf
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Any other information the entity wishes to provide about the +securities the subject of this notification Issue of options to employees pursuant to an approved plan.

Issue details

Number of +securities 750,000

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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
ZNC : ORDINARY FULLY PAID	294,360,030
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
ZNCAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	5,600,000
ZNCAD : OPTION EXPIRING 14-MAY-2023 EX 10.97C	6,950,000
ZNCAE : OPTION EXPIRING 31-DEC-2023 EX 14C	2,000,000
ZNCAF : OPTION EXPIRING 31-DEC 2023 EX 16C	2,000,000
New class - code to be confirmed : Unlisted options exercisable at $0.379 expiring 14 July	750,000
2024

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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