Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name IMPACT MINERALS LIMITED Date of this announcement Wednesday March 16, 2022 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 $0.03 and expiring on 15 March 2023 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 500,000 16/03/2022 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity IMPACT MINERALS 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 52119062261 1.3 ASX issuer code IPT 1.4 The announcement is New announcement 1.5 Date of this announcement 16/3/2022 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 Refer Appendix 3B dated 11 March 2022. Issue of 500,000 $0.03 Unlisted Options. 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 $0.03 and expiring on 15 March 2023 +Security type ISIN code Options Date the +securities the subject of this notification were issued 16/3/2022 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. Refer to the Appendix 3B lodged on 11 March 2022 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.03000000 15/3/2023 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description Unlisted Options exerciseable at $0.03 and expiring 15 March 2023. 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 Refer Appendix 3B lodged with ASX on 11 March 2022 Issue details Number of +securities 500,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Part consideration to the Lead Manager for services provided as part of the Placement announced on 11 March 2022. Purpose of the issue Other 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 IPT : ORDINARY FULLY PAID 2,023,794,919 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 IPTAO : OPTION EXPIRING 5-NOV-2023 EX 1.49C 93,000,000 IPTAR : OPTION EXPIRING 31-OCT-2025 EX $0.0217 83,000,000 IPTAQ : OPTION EXPIRING 30-NOV-2022 EX $0.0375 20,000,000 IPTAP : OPTION EXPIRING 29-APR-2023 EX $0.03 4,000,000 New class - code to be confirmed : Unlisted Options exercisable at $0.03 and expiring on 15 March 2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 500,000 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? No 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 500,000 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7