Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Announcement Summary Entity name VARISCAN MINES LIMITED Date of this announcement Wednesday December 18, 2024 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 Unquoted options exercisable at $0.01 on or before 30 November 2026 Total number of +securities to be issued/transferred Issue date 7,500,000 17/12/2024 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 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 18/12/2024 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 Please specify Unquoted options issued as free-attaching options to the placement announced on 23 August 2024 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) New +securities ASX +security code +Security description New class - code to be confirmed Unquoted options exercisable at $0.01 on or before 30 November 2026 +Security type ISIN code Options Date the +securities the subject of this notification were issued 17/12/2024 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? 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/2924-02874157-6A1234697 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01000000 30/11/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option VAR : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification 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 7,500,000 unquoted options which were issued on a 1 for 2 basis to the placement announced on 23 August 2024. These securities were subject to shareholder approval, which was obtained at the Company's annual general meeting held on 29 November 2024. 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 7,500,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Free-attaching options to a placement Purpose of the issue Other Additional Details 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 VAR : ORDINARY FULLY PAID 738,333,897 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 VARAW : OPTION EXPIRING 30-NOV-2026 EX $0.015 73,833,352 VARAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 53,888,890 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 New class - code to be confirmed : Unquoted options exercisable at $0.01 on or before 30 November 2026 7,500,000 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? 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 29/11/2024 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7/7