Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Announcement Summary Entity name WESTERN MINES GROUP LTD Date of this announcement Tuesday December 17, 2024 The +securities the subject of this notification are: Other 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 400,000 17/12/2024 Performance Rights 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 WESTERN MINES GROUP 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 ACN 640738834 1.3 ASX issuer code WMG 1.4 The announcement is New announcement 1.5 Date of this announcement 17/12/2024 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 Performance rights to extinguish 1% NSR royalty over tenement E39/2132 as announced on ASX today. 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 Performance Rights +Security type ISIN code Other 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 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://wcsecure.weblink.com.au/pdf/WMG/02895442.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Issue of performance rights as part payment to extinguish the 1% NSR royalty over tenement E39/2132 as announced on ASX today. 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 WMG has entered into a binding Royalty Extinguishment Deed to buyback and extinguish the 1% NSR royalty over tenement E39/2132 held by the original tenement vendor (an unrelated party to the Company). Consideration to extinguish the royalty includes 400,000 performance rights over ordinary shares (convertible into fully paid ordinary shares if the Company's share price 20 day VWAP exceeds $0.60 per share, expiring on 16/12/2027), as announced on ASX today. Issue details Number of +securities 400,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issued as part consideration to extinguish the NSR royalty over tenement E39/2132 as announced on ASX today. Purpose of the issue Other Additional Details Performance rights to extinguish 1% NSR royalty over tenement E39/2132 as announced on ASX today. 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 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 WMG : ORDINARY FULLY PAID 89,553,344 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 WMGAR : OPTION EXPIRING 25-OCT-2026 EX $0.50 400,000 WMGAO : OPTION EXPIRING 04-APR-2028 EX $0.30 250,000 WMGAE : OPTION EXPIRING 15-JUL-2025 EX $0.30 16,000,000 WMGAI : OPTION EXPIRING 21-FEB-2025 EX $0.30 280,000 WMGAN : OPTION EXPIRING 22-MAR-2027 EX $0.25 400,000 WMGAQ : OPTION EXPIRING 01-JUL-2027 EX $0.50 400,000 WMGAK : OPTION EXPIRING 15-JUL-2025 EX $0.30 1,000,000 WMGAL : OPTION EXPIRING 22-NOV-2026 EX $0.60 200,000 WMGAM : OPTION EXPIRING 13-APR-2026 EX $0.50 200,000 WMGAS : OPTION EXPIRING 31-DEC-2027 EX $0.25 624,667 WMGAJ : PERFORMANCE RIGHTS New class - code to be confirmed : Performance Rights Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2,300,000 400,000 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? 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? 400,000 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 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7/7