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 Monday September 29, 2025 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 New class - code to be confirmed Security description Total number of +securities to be issued/transferred Issue date 199,999,994 29/09/2025 Unlisted Options Refer to next page for full details of the announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1/6 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 29/9/2025 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2/6 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: +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 05-Aug-2025 09:58 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? Yes 2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B Completion of Tranche 2 and Broker Options Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3/6 Appendix 3G - 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 new unquoted class of security Date the +securities the subject of this notification were issued 29/9/2025 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 199,999,994 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities The options were issued as free attaching options to Tranches 1 and 2 of a recent Placement. Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4/6 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 Unlisted Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 29/9/2025 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. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02979563-6A1278691&v=c2533a54e25 14fb77a8f93f84db686e1125273e9 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00800000 29/9/2028 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 Issue details Number of +securities 199,999,994 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5/6 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 900,286,362 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 $0.015 152,666,746 VARAX : OPTION EXPIRING 30-NOV-2026 EX $0.01 42,619,048 New class - code to be confirmed : Unlisted Options 199,999,994 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6/6