Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name SULTAN RESOURCES LTD Date of this announcement Tuesday December 12, 2023 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code Security description SLZAF OPTION EXPIRING 30-JUN-2027 EX $0.075 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 1,250,000 12/12/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity SULTAN RESOURCES LTD 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 35623652522 1.3 ASX issuer code SLZ 1.4 The announcement is New announcement 1.5 Date of this announcement 12/12/2023 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 Issue of director options as approved at the AGM held on 23 November 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: has an existing ASX security code ("existing 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 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B Additional +securities in an existing class ASX +security code and description SLZAF : OPTION EXPIRING 30-JUN-2027 EX $0.075 Date the +securities the subject of this notification were issued 12/12/2023 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes 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 The options were issued to Mr. Jeremy King following shareholder approval at the AGM held on 23 November 2023. Issue details Number of +securities 1,250,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities To incentivise director for continuing service provided to the Company. Purpose of the issue Other Additional Details Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 SLZ : ORDINARY FULLY PAID 148,190,049 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 SLZAE : OPTION EXPIRING 31-DEC-2027 EX $0.11 17,200,000 SLZAF : OPTION EXPIRING 30-JUN-2027 EX $0.075 8,750,000 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 23/11/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7