Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name VARISCAN MINES LIMITED Date of this announcement Friday January 19, 2024 The +securities the subject of this notification are: +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX Total number of +securities to be issued/transferred ASX +security code VARAC Security description OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/5 Total number of +securities to be issued/transferred Issue date 7,277,778 19/01/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity VARISCAN MINES 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 ABN 16003254395 1.3 ASX issuer code VAR 1.4 The announcement is New announcement 1.5 Date of this announcement 19/1/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/5 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 as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX Previous Appendix 3B details: Announcement Date and Time Announcement Title Selected Appendix 3B to submit quotation request 09-Mar-2023 10:25 New - Proposed issue of securities VAR A placement or other type of issue 2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/5 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B Placement Details ASX +security code and description VARAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Date the +securities the subject of this notification were issued 19/1/2024 Any other information the entity wishes to provide about the +securities the subject of this notification 7,277,778 unquoted options exercisable at $0.0275 each on or before 15 March 2025 Issue details Number of +securities 7,277,778 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Unlisted options issued on the basis of 1 option for every 2 placement shares subscribed Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/5 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 VAR : ORDINARY FULLY PAID 364,444,812 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 VARAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 54,388,890 VARAQ : OPTION EXPIRING 30-NOV-2024 EX $0.045 4,000,000 VARAR : OPTION EXPIRING 30-NOV-2024 EX $0.055 4,000,000 VARAS : OPTION EXPIRING 30-NOV-2024 EX $0.065 4,000,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/5