ZEUS RESOURCES LIMITED — Capital/Financing Update 2021

Aug 9, 2021

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

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Announcement Summary

Entity name

ZEUS RESOURCES LIMITED

Date of this announcement

Tuesday August 10, 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 exercisable at 10 cents per	9,000,000	09/08/2021
to be confirmed	option, expiring on 9 August 2022.

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

ZEUS 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

ACN

Registration number

139183190

1.3 ASX issuer code

ZEU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

10/8/2021

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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

As announced to ASX in an Appendix 3B on 16 June 21.

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 exercisable at 10 cents per option, expiring on 9 August 2022. +Security type ISIN code Options Date the +securities the subject of this notification were issued 9/8/2021 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. https://www.asx.com.au/asxpdf/20210616/pdf/44xfg03yhf8fd7.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.10000000 9/8/2022 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Fully Paid Ordinary Shares Any other information the entity wishes to provide about the +securities the subject of this notification (not the subject of this announcement) NOTE: ZEUAM : OPTION EXPIRING 31-DEC-2015 EX 80.1C were expired in 2015 and are no longer on issue. Please provide any further information needed to understand the circumstances in which you are notifying the

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

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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

The issue of the securities has been notified to ASX in a previous Appendix 3B released to ASX on 16 June 2021, however the issue of the options were subject to shareholder approval which has been obtained now.

Issue details

Number of +securities

9,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Free options are issued to participants of Placement that took place on 9 June 2021 subject to shareholders approval which was obtained on 30 July 2021.

Purpose of the issue

To raise additional working capital

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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
ZEU : ORDINARY FULLY PAID	207,150,000

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
ZEUAM : OPTION EXPIRING 31-DEC-2015 EX 80.1C	1,500,000
New class - code to be confirmed : Unlisted options exercisable at 10 cents per option,	9,000,000
expiring on 9 August 2022.

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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? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

30/7/2021

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