Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name DREADNOUGHT RESOURCES LTD Date of this announcement Wednesday June 14, 2023 The +securities the subject of this notification are: +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends Total number of +securities to be issued/transferred Total number of +securities to be issued/transferred Issue date PERFORMANCE RIGHTS 3,000,000 14/06/2023 Unlisted options exercisable at $0.075 expiring 14 June 2026 2,000,000 14/06/2023 ASX +security code Security description DREAN New class - code to be confirmed Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/9 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 14/6/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/9 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: +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: has an existing ASX security code ("existing class") does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B Additional +securities in an existing class issued under an +employee incentive scheme ASX +security code and description DREAN : PERFORMANCE RIGHTS Date the +securities the subject of this notification were issued 14/6/2023 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class 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 Debra Ann Fullarton Debra Ann Fullarton 3,000,000 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 http://www.investi.com.au/api/announcements/dre/c51f7402-e6a.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Issue details Number of +securities 1,500,000 Number of +securities 1,500,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/9 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) where issue has not previously been notified to ASX in an Appendix 3B New +securities issued under an +employee incentive scheme ASX +security code +Security description New class - code to be confirmed Unlisted options exercisable at $0.075 expiring 14 June 2026 +Security type ISIN code Options Date the +securities the subject of this notification were issued 14/6/2023 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 Debra Fullarton Debra Fullarton 2,000,000 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. http://www.investi.com.au/api/announcements/dre/c51f7402-e6a.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.07500000 14/6/2026 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 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/9 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 http://www.investi.com.au/api/announcements/dre/c51f7402-e6a.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 2,000,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/9 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 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 +securities on issue ASX +security code and description DRE : ORDINARY FULLY PAID 3,327,728,220 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description DREAJ : OPTION EXPIRING 11-AUG-2024 EX $0.06 2,000,000 DREAD : OPTION EXPIRING 30-JUN-2024 EX 0.5C 1,500,000 DREAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 30,000,000 DREAM : OPTION EXPIRING 16-DEC-2025 EX $0.1575 853,098 DREAN : PERFORMANCE RIGHTS 27,599,997 DREAK : OPTION EXPIRING 26-NOV-2024 EX $0.06 2,000,000 DREAI : OPTION EXPIRING 02-JUL-2024 EX $0.04 12,100,000 DREAO : OPTION EXPIRING 02-MAR-2026 EX $0.12 1,223,151 DREAL : OPTION EXPIRING 14-JUL-2025 EX $0.065 8,500,000 New class - code to be confirmed : Unlisted options exercisable at $0.075 expiring 14 June 2026 2,000,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8/9 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 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 9/9