Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name MONT ROYAL RESOURCES LIMITED Date of this announcement Friday November 10, 2023 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code Security description New class - code to be confirmed Unlisted options exercisable at $0.35 each expiring 10/11/2026 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/7 Total number of +securities to be issued/transferred Issue date 3,000,000 10/11/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity MONT ROYAL 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 Registration number ACN 625237658 1.3 ASX issuer code MRZ 1.4 The announcement is New announcement 1.5 Date of this announcement 10/11/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/7 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 Please specify Unlisted options announced in an Appendix 3B dated 7 August 2023. 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") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/7 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 ASX +security code +Security description New class - code to be confirmed Unlisted options exercisable at $0.35 each expiring 10/11/2026 +Security type ISIN code Options Date the +securities the subject of this notification were issued 10/11/2023 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. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.35000000 10/11/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description MRZ: Ordinary Fully Paid 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 4/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 Issue details Number of +securities 3,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Broker fee to act as lead manager to a capital raising as set out in the Company's announcement dated 7 August 2023. Purpose of the issue To pay for services rendered Additional Details Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/7 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 MRZ : ORDINARY FULLY PAID 82,294,935 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 MRZAG : OPTION EXPIRING 25-NOV-2024 EX $0.35 5,000,000 MRZAF : OPTION EXPIRING 29-OCT-2024 EX $0.35 4,750,000 MRZAH : OPTION EXPIRING 25-MAR-2026 EX $0.30 1,500,000 New class - code to be confirmed : Unlisted options exercisable at $0.35 each expiring 10/11/2026 3,000,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 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? 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 31/10/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7