Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Announcement Summary Entity name DREADNOUGHT RESOURCES LTD Date of this announcement Monday September 01, 2025 The +securities the subject of this notification are: +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 ASX +security code New class - code to be confirmed Security description Total number of +securities to be issued/transferred Issue date 4,721,029 29/08/2025 OPTION EXPIRING 29/08/2029 Refer to next page for full details of the announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 1 - Entity and announcement details 1.1 Name of entity DREADNOUGHT RESOURCES LTD 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 40119031864 1.3 ASX issuer code DRE 1.4 The announcement is New announcement 1.5 Date of this announcement 1/9/2025 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: +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: does not have an existing ASX security code ("new class") Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 3C - number and type of +securities the subject of this notification (new class) ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 29/08/2029 +Security type ISIN code Options Date the +securities the subject of this notification were issued 29/8/2025 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? Yes Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities PAUL CHAPMAN PAUL CHAPMAN 2,463,235 PHILIP CRUTCHFIELD P D CRUTCHFIELD PTY LTD <CRUTCHFIELD SUPER FUND A/C> 2,257,794 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes 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/2924-02869360-6A1232362 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01800000 29/8/2029 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option DRE : ORDINARY FULLY PAID 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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02869360-6A1232362 Any other information the entity wishes to provide about the +securities the subject of this notification Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Issue details Number of +securities 4,721,029 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 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) ASX +security code and description Total number of +securities on issue DRE : ORDINARY FULLY PAID 5,079,500,000 4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue DREAQ : OPTION EXPIRING 09-OCT-2025 EX $0.094 6,000,000 DREAM : OPTION EXPIRING 16-DEC-2025 EX $0.1575 853,098 DREAU : OPTION EXPIRING 30-MAY-2029 EX $0.018 4,713,971 DREAT : OPTION EXPIRING 28-FEB-2029 EX $0.024 3,561,666 DREAS : OPTION EXPIRING 29-NOV-2028 EX $0.0225 3,771,176 DREAO : OPTION EXPIRING 02-MAR-2026 EX $0.12 1,223,151 DREAP : OPTION EXPIRING 14-JUN-2026 EX $0.075 1,899,680 DREAR : PERFORMANCE RIGHTS 68,237,500 New class - code to be confirmed : OPTION EXPIRING 29/08/2029 4,721,029 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 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 13 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7/7