Announcement PDF Western Mines Group Ltd (ACN 640 738 834) Notice of Annual General Meeting and Explanatory Statement TIME: 10.00 am AWST DATE: Wednesday 18 November 2026 PLACE: Unit 10, 448 Roberts Road Subiaco WA 6008 In accordance with section 110D of the Corporations Act 2001 (Cth) (as inserted by the Corporations Amendment (Meeting and Documents) Act 2022 (Cth)), the Company will not be sending hard copies of the Notice of Meeting to Shareholders, except to those who have elected to receive the Notice in physical form. Instead, Shareholders can access a copy of the Notice at the following link: https://www.westernmines.com.au/investors/asx-announcements/ This Notice of Annual General Meeting and Explanatory Statement should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their accountant, solicitor, stockbroker or other professional adviser without delay. Should you wish to discuss the matters in this Notice of Annual General Meeting please do not hesitate to contact the Company on +61 475 116 798. 2 CONTENTS PAGE NOTICE OF ANNUAL GENERAL MEETING 3 NOTES 7 EXPLANATORY STATEMENT 9 GLOSSARY 21 ANNEXURE A – Summary of terms and conditions of Employee Share Option Plan 23 ANNEXURE B – Auditor Nomination Letter 25 3 NOTICE OF ANNUAL GENERAL MEETING Notice is given that the Annual General Meeting of the Shareholders of Western Mines Group Ltd (WMG or the Company) will be held at Unit 10, 448 Roberts Road, Subiaco WA 6008 on 18 November 2026 commencing at 10.00 am AWST to consider and, if thought fit, to pass the Resolutions set out below. Terms used in this Notice of Annual General Meeting and accompanying Explanatory Statement are defined in the glossary to the Explanatory Statement. The Explanatory Statement which accompanies, and forms part of this Notice of Annual General Meeting describes the matters to be considered at the Annual General Meeting. BUSINESS FINANCIAL STATEMENTS AND REPORTS To receive and consider the annual financial report of the Company for the financial year ended 30 June 2026 together with the Declaration of the Directors, the Directors’ Report, the Remuneration Report and the Auditor’s Report. 1. RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT To consider and, if thought fit, to pass the following resolution as a non-binding resolution: “That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s annual financial report for the financial year ended 30 June 2026.” Note: the vote on this Resolution is advisory only and does not bind the Directors or the Company. A voting prohibition applies to this Resolution. See below. 2. RESOLUTION 2 – RE-ELECTION OF DIRECTOR – MR REX TURKINGTON To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purpose of Article 108 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Mr Rex Turkington, a Director, retires by rotation, and being eligible, is re- elected as a Director.” 3. RESOLUTION 3 – APPROVAL OF 7.1A MANDATE To consider and, if thought fit, to pass the following resolution as a special resolution: “That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the Company to issue up to that number of Equity Securities equal to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in ASX Listing Rule 7.1A.2 and otherwise on the terms and conditions set out in the Explanatory Statement.” 4. RESOLUTION 4 – APPROVAL OF ISSUE OF PLACEMENT SHARES TO DR CAEDMON MARRIOTT To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, for the purpose of ASX Listing Rule 10.11 and for all other purposes, Shareholders approve, the issue of up to 100,000 Shares to Dr Caedmon Marriott (or his nominee) under the Placement conducted by the Company in October 2025, for the purpose and on the terms and conditions set out in the Explanatory Statement.” A voting restriction applies to this Resolution. See below. 4 5. RESOLUTIONS 5(A) & (B) – APPROVAL OF ISSUE OF PLACEMENT SHARES TO MR FRANCESCO CANNAVO To consider and, if thought fit, to pass the following Resolutions as ordinary resolutions: (a) “That, for the purpose of ASX Listing Rule 10.11 and for all other purposes, Shareholders approve, the issue of up to 100,000 Shares to Mr Francesco Cannavo (or his nominee) under the Placement conducted by the Company in October 2025, for the purpose and on the terms and conditions set out in the Explanatory Statement.” (b) “That, for the purpose of ASX Listing Rule 10.11 and for all other purposes, Shareholders approve, the issue of up to 200,000 Shares to Mr Francesco Cannavo (or his nominee) under the Placement conducted by the Company in July 2026, for the purpose and on the terms and conditions set out in the Explanatory Statement.” A voting restriction applies to this Resolution. See below. 6. RESOLUTION 6 – RATIFICATION OF PRIOR ISSUE OF SHARES TO PLATINA RESOURCES LTD To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the issue of 52,631 Shares in the Company on 29 April 2026, for the purpose and on the terms and conditions set out in the Explanatory Statement.” A voting exclusion applies to this Resolution. See below. 7. RESOLUTION 7 – RATIFICATION OF PRIOR ISSUE OF PLACEMENT SHARES – LISTING RULE 7.1 To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the issue of 10,435,578 Shares in the Company on 6 August 2026, for the purpose and on the terms and conditions set out in the Explanatory Statement.” A voting exclusion applies to this Resolution. See below. 8. RESOLUTION 8 – RATIFICATION OF PRIOR ISSUE OF PLACEMENT SHARES TO LOWELL RESOURCES FUND To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the issue of 6,134,969 Shares in the Company on 6 August 2026, for the purpose and on the terms and conditions set out in the Explanatory Statement.” A voting exclusion statement applies to this Resolution. See below. 9. RESOLUTION 9 – RE-ADOPTION OF EMPLOYEE INCENTIVE PLAN To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, for the purposes of Listing Rule 7.2 (Exception 13(b)) and for all other purposes, approval is given for the Company to re-adopt an employee incentive scheme titled “Incentive Share Option Plan” and for the issue of a maximum of 5,000,000 Options under that Option Plan on the terms and conditions set out in the Explanatory Statement.” A voting exclusion statement applies to this Resolution. See below. 5 10. RESOLUTION 10 – CONFIRMATION OF APPOINTMENT OF AUDITOR To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, pursuant to section 327B(1)(b) of the Corporations Act and for all other purposes, HLB Mann Judd Audit and Assurance (Vic) Pty Ltd, having been nominated by a shareholder and having given its consent in writing to act as auditor, be appointed as the auditor of the Company to hold office from the conclusion of this Annual General Meeting until it resigns or is removed from the office of auditor of the Company.” DATED: 13 OCTOBER 2026 BY ORDER OF THE BOARD OF DIRECTORS Ian Gregory Company Secretary ENQUIRIES Shareholders are invited to contact the Company at contact@westernmines.com.au or +61 475 116 798 if they have any queries in respect of the matters set out in this document. The Notice of Annual General Meeting, Explanatory Statement and Proxy Form should be read in their entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their accountant, solicitor, stockbroker or other professional adviser prior to voting. Voting Prohibition Statements Resolution 1 – Adoption of Remuneration Report A vote on this Resolution must not be cast (in any capacity) by or on behalf of either of the following persons: (a) a member of the Key Management Personnel, details of whose remuneration are included in the Remuneration Report; or (b) a Closely Related Party of such a member. However, a person (the voter) described above may cast a vote on this Resolution as a proxy if the vote is not cast on behalf of a person described above and either: (a) the voter is appointed as a proxy by writing that specifies the way the proxy is to vote on this Resolution; or (b) the voter is the Chair and the appointment of the Chair as proxy: (i) does not specify the way the proxy is to vote on this Resolution; and (ii) expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with the remuneration of a member of the Key Management Personnel. Resolution 9 – Re-Adoption of Employee Incentive Plan A person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. However, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. 6 Voting Exclusion Statements In accordance with Listing Rule 14.11, the Company will disregard any votes cast in favour of the Resolution set out below by or on behalf of the following persons: However, this does not apply to a vote cast in favour of the Resolution by: (a) a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with the directions given to the proxy or attorney to vote on the Resolution in that way; or (b) the Chair as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: (i) the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and (ii) the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Resolution 4 – Approval to issue Shares to Dr Caedmon Marriott A person who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issue (except a benefit solely by reason of being a holder of ordinary securities in the Company) (namely Dr Caedmon Marriott) or an associate of that person (or those persons). Resolutions 5(a) & 5(b) – Approval to issue Shares to Mr Francesco Cannavo A person who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issue (except a benefit solely by reason of being a holder of ordinary securities in the Company) (namely Mr Francesco Cannavo) or an associate of that person (or those persons). Resolution 6 – Ratification of prior issue of Shares to Platina Resources Ltd A person who participated in the issue or is a counterparty to the agreement being approved (namely Platina Resources Ltd) or an associate of that person (or those persons). Resolution 7 – Ratification of prior issue of Shares A person who participated in the issue or is a counterparty to the agreement being approved (namely participants in the Placement) or an associate of that person or those persons. Resolution 8 – Ratification of prior issue of Shares to Lowell Resources Fund A person who participated in the issue or is a counterparty to the agreement being approved (namely Lowell Resources Fund) or an associate of that person (or those persons). Resolution 9 – Re-Adoption of Employee Incentive Plan A person who is eligible to participate in the employee incentive scheme or an associate of that person or those persons. 7 NOTES VOTING IN PERSON To vote in person, attend the Meeting on the date and at the place set out above. MEETING ATTENDANCE In addition to being able to attend the Meeting in person, the Company is pleased to provide Shareholders the opportunity to view the Meeting online. If you wish to view the Meeting online (which will be broadcast as a live webinar) please register in advance by contacting the Company by email at contact@westernmines.com.au. Instructions regarding viewing and asking questions at the Meeting will be provided following registration. Shareholders will be able to ask questions during the meeting online, however, will not be able to vote. You are strongly encouraged to complete and submit a proxy form if you wish to vote, or attend the meeting in person. Shareholders are also encouraged to submit questions in advance of the Meeting to the Company. Questions must be submitted in writing to the Company at contact@westernmines.com.au at least 48 hours before the Meeting. VOTING BY A CORPORATION A Shareholder that is a corporation may appoint an individual to act as its representative and vote in person at the meeting. The appointment must comply with the requirements of section 250D of the Corporations Act. The representative should bring to the Meeting evidence of his or her appointment, including any authority under which it should be signed unless previously given to the Company’s Share Registry. YOUR VOTE IS IMPORTANT The business of the Meeting affects your shareholding and your vote is important. All resolutions will be decided on a poll. The poll will be conducted based on votes submitted by proxy and at the Meeting. To vote in person, attend the Meeting on the date and at the place set out above. Shareholders are strongly recommended to submit their vote by proxy in advance of the meeting. VOTING BY PROXY Please note: (a) a Shareholder entitled to attend and vote at the Meeting is entitled to appoint a proxy; (b) a proxy need not be a Shareholder; and (c) a Shareholder entitled to cast two or more votes may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise, but where the proportion or number is not specified, each proxy may exercise half of the votes. The enclosed Proxy Form provides further details on appointing proxies and lodging Proxy Forms. To vote by proxy, please complete and sign the enclosed Proxy Form and return: • Online: Lodge the Proxy Form online at https://investor.automic.com.au/#/loginsah 8 by following the instructions: Log into the Automic website using the holding details as shown on the Proxy Form. Click on ‘View Meetings’ – ‘Vote’. To use the online lodgement facility, Shareholders will need their holder number (Securityholder Reference Number (SRN) or Holder Identification Number (HIN) as shown on the front of the Proxy Form. • By post to: Automic Registry Services GPO Box 5193 Sydney NSW 2001 • In person at: Automic Registry Services Level 5, 126 Phillip Street Sydney NSW 2000 • By email: Completing the enclosed Proxy Form and emailing it to: meetings@automicgroup.com.au • By facsimile: +61 2 8583 3040 Note that the Proxy Form must be received by the Company not later than 10.00 am AWST on 16 November 2026. Proxy Forms received later than this time will be invalid. The Chair intends to vote all open proxies in favour of all resolutions, where permitted. ENTITLEMENT TO ATTEND AND VOTE The Company may specify a time prior to the Meeting, at which a “snap-shot” of Shareholders will be taken for the purposes of determining Shareholder entitlements to vote at the Meeting. The Company’s Directors have determined that all Shares of the Company that are registered at 10.00am AWST on 16 November 2026 will, for the purposes of determining voting entitlements at the Meeting, be taken to be held by the persons registered as holding the Shares at that time. Accordingly, share transfers registered after that time will be disregarded in determining entitlements to attend and vote at the meeting. 9 EXPLANATORY STATEMENT This Explanatory Statement has been prepared for the information of Shareholders in relation to the business to be conducted at the Annual General Meeting to be held at 10.00 am AWST on 18 November 2026 at Unit 10, 448 Roberts Road, Subiaco WA 6008. The purpose of this Explanatory Statement is to provide Shareholders with all information known to the Company which is material to a decision on how to vote on the Resolutions in the accompanying Notice of Annual General Meeting. This Explanatory Statement should be read in conjunction with the Notice of Annual General Meeting preceding this Explanatory Statement. Capitalised terms in this Explanatory Statement are defined in the glossary to this document. If you have any questions regarding the matters set out in this Explanatory Statement or the preceding Notice of Annual General Meeting, please contact the Company Secretary, your accountant, solicitor, stockbroker or other professional advisor before voting. FINANCIAL STATEMENTS AND REPORTS In accordance with the Corporations Act and the Company’s Constitution, the business of the Meeting will include receipt and consideration of the annual financial report of the Company for the financial year ended 30 June 2026 together with the Declaration of the Directors, the Directors’ Report, the Remuneration Report and the Auditor’s Report. In accordance with the amendments to the Corporations Act, the Company is no longer required to provide a hard copy of the Company’s Annual Financial Report to Shareholders unless a Shareholder has specifically elected to receive a printed copy. Whilst the Company will not provide a hard copy of the Company’s Annual Financial Report unless specifically requested to do so, Shareholders may view the Company Annual Financial Report on its website at https://www.westernmines.com.au/. No resolution is required for this item, but Shareholders will be given the opportunity to ask questions and to make comments on the management and performance of the Company. The Company’s auditor will be present at the Meeting. During the discussion of this item, the auditor will be available to answer questions on the: ▪ Conduct of the audit; ▪ Preparation and content of the Auditor’s Report; ▪ Accounting policies adopted by the Company in relation to the preparation of the financial statements; and ▪ Independence of the auditor in relation to the conduct of the audit. Written questions of the auditor If you would like to submit a written question about the content of the Auditor’s Report or the conduct of the audit of the Annual Financial Report of the Company’s auditor, please send your question to the Company by email to contact@westernmines.com.au or to the registered office of Western Mines Group Limited at Unit 10, 448 Roberts Road, Subiaco WA 6008. Please note that all written questions must be received at least five business days before the Meeting, which is by Thursday 12 November 2026. 1. RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT 1.1 General The Corporations Act requires that at a listed company’s annual general meeting, a resolution that the remuneration report be adopted must be put to the shareholders. However, such a resolution is advisory only and does not bind the company or the directors of the company. 10 The remuneration report sets out the company’s remuneration arrangements for the directors and senior management of the company. The remuneration report is part of the directors’ report contained in the annual financial report of the company for a financial year. The chair of the meeting must allow a reasonable opportunity for its shareholders to ask questions about or make comments on the remuneration report at the annual general meeting. 1.2 Voting consequences A company is required to put to its shareholders a resolution proposing the calling of another meeting of shareholders to consider the appointment of directors of the company (Spill Resolution) if, at consecutive annual general meetings, at least 25% of the votes cast on a remuneration report resolution are voted against adoption of the remuneration report and at the first of those annual general meetings a Spill Resolution was not put to vote. If required, the Spill Resolution must be put to vote at the second of those annual general meetings. If more than 50% of votes cast are in favour of the Spill Resolution, the company must convene a shareholder meeting (Spill Meeting) within 90 days of the second annual general meeting. All of the directors of the company who were in office when the directors' report (as included in the company’s annual financial report for the most recent financial year) was approved, other than the managing director of the company, will cease to hold office immediately before the end of the Spill Meeting but may stand for re-election at the Spill Meeting. Following the Spill Meeting those persons whose election or re-election as directors of the company is approved will be the directors of the company. 1.3 Previous voting results At the Company’s previous annual general meeting the votes cast against the remuneration report considered at that annual general meeting were less than 25%. Accordingly, the Spill Resolution is not relevant for this Annual General Meeting. 2. RESOLUTION 2 – RE-ELECTION OF DIRECTOR – MR REX TURKINGTON In accordance with Listing Rule 14.5 and Article 108 of the Constitution, at every annual general meeting an election of Directors must take place. Listing Rule 14.4 and Article 107 of the Constitution prevents a Director from holding office (without re-election) past the third annual general meeting following the Director’s appointment or 3 years, whichever is longer. The Directors to retire are those Directors who have been in office for 3 years since their appointment or last re-appointment or who have been longest in office since their appointment or last re-appointment or, if the Directors have been in office for an equal length of time, by agreement and in default of agreement by ballot. The Managing Director is exempt from retirement and re-election. Mr Rex Turkington retires by way of rotation and, being eligible, offers himself for re-election as a Director. Mr Turkington was appointed as a Non-Executive Director of the Company on 28 October 2020. He is a highly experienced Corporate Advisor and Economist who has worked extensively in the Financial Services and Stockbroking Industry in Australia, specialising in the natural resources sector. Rex has extensive experience with equities, derivatives, foreign exchange and commodities and has participated in numerous Initial Public Offerings and Capital Raisings for ASX listed companies. Currently Rex heads an advisory company, offering Corporate Finance and Investor Relations advice to Listed Companies. He was previously Chairman of ASX listed oil and gas explorer Key Petroleum Ltd (ASX:KEY) and Non-Executive Director of TNG Ltd (ASX:TNG). Directors’ recommendation The Directors, excluding Rex Turkington, recommend that shareholders vote in favour of Resolution 2. The Chair of the Meeting intends to vote undirected proxies in favour of the Resolution. 11 3. RESOLUTION 3 – APPROVAL OF 7.1A MANADATE 3.1 General Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of Equity Securities that a listed company can issue without the approval of its shareholders over any 12 month period to 15% of the fully paid ordinary securities it had on issue at the start of that period. However, under Listing Rule 7.1A, an eligible entity may seek shareholder approval by way of a special resolution passed at its annual general meeting to increase this 15% limit by an extra 10% to 25% (7.1A Mandate). An ‘eligible entity’ means an entity which is not included in the S&P/ASX 300 Index and has a market capitalisation of $300,000,000 or less. The Company is an eligible entity for these purposes. Resolution 3 seeks Shareholder approval by way of special resolution for the Company to have the additional 10% placement capacity provided for in Listing Rule 7.1A to issue Equity Securities without Shareholder approval. If Resolution 3 is passed, the Company will be able to issue Equity Securities up to the combined 25% limit in Listing Rules 7.1 and 7.1A without any further Shareholder approval. If Resolution 3 is not passed, the Company will not be able to access the additional 10% capacity to issue Equity Securities without Shareholder approval under Listing Rule 7.1A, and will remain subject to the 15% limit on issuing Equity Securities without Shareholder approval set out in Listing Rule 7.1. 3.2 Technical information required by ASX Listing Rule 7.1A Pursuant to and in accordance with ASX Listing Rule 7.3A, the information below is provided in relation to this Resolution: (a) Period for which the 7.1A Mandate is valid The 7.1A Mandate will commence on the date of the Meeting and expire on the first to occur of the following: (i) the date that is 12 months after the date of this Meeting; (ii) the time and date of the Company’s next annual general meeting; and (iii) the time and date of approval by Shareholders of any transaction under Listing Rule 11.1.2 (a significant change in the nature or scale of activities) or Listing Rule 11.2 (disposal of the main undertaking). (b) Minimum Price Any Equity Securities issued under the 7.1A Mandate must be in an existing quoted class of Equity Securities and be issued at a minimum price of 75% of the volume weighted average price of Equity Securities in that class, calculated over the 15 ASX trading days on which trades in that class were recorded immediately before: (i) the date on which the price at which the Equity Securities are to be issued is agreed by the entity and the recipient of the Equity Securities; or (ii) if the Equity Securities are not issued within 10 ASX trading days of the date in section 3.2(b)(i), the date on which the Equity Securities are issued. (c) Use of funds raised under the 7.1A Mandate The Company intends to use funds raised from issues of Equity Securities under the 7.1A Mandate for the following purposes: 1. the acquisition of new assets or investments (including expenses associated with such an acquisition); 2. continued exploration and drilling and development study expenditure on the Company’s current assets; and 3. general working capital. 12 (d) Risk of economic and voting dilution Any issue of Equity Securities under the 7.1A Mandate will dilute the interests of Shareholders who do not receive any Shares under the issue. If Resolution 3 is approved by Shareholders and the Company issues the maximum number of Equity Securities available under the 7.1A Mandate, the economic and voting dilution of existing Shares would be as shown in the table below. The table shows the dilution of existing Shareholders calculated in accordance with the formula outlined in ASX Listing Rule 7.1A.2, on the basis of the market price of Shares and the number of Equity Securities on issue as at 9 October 2026. The table also shows the voting dilution impact where the number of Shares on issue (Variable A in the formula) changes and the economic dilution where there are changes in the issue price of Shares issued under the 7.1A Mandate. * The number of Shares on issue (Variable A in the formula) could increase as a result of the issue of Shares that do not require Shareholder approval (such as under a pro-rata rights issue or scrip issued under a takeover offer) or that are issued with Shareholder approval under Listing Rule 7.1. The table uses the following assumptions: 1. There are currently 130,371,522 Shares on issue as at the date of this Notice of Meeting. 2. The issue price set out above is the closing price of the Shares on the ASX on 9 October 2026. 3. The Company issues the maximum possible number of Equity Securities under the 7.1A Mandate. 4. The Company has not issued any Equity Securities in the 12 months prior to the Meeting that were not issued under an exception in ASX Listing Rule 7.2 or with approval under ASX Listing Rule 7.1. 5. The issue of Equity Securities under the 7.1A Mandate consists only of Shares. It is assumed that no Options are exercised into Shares before the date of issue of the Equity Securities. 6. The calculations above do not show the dilution that any one particular Shareholder will be subject to. All Shareholders should consider the dilution caused to their own shareholding depending on their specific circumstances. 7. This table does not set out any dilution pursuant to approvals under ASX Listing Rule 7.1. Variable 'A' in Listing Rule 7.1A.2 Issue Price (per Share) Dilution $0.0625 50% decrease in Issue Price $0.125 Issue Price $0.25 100% increase in Issue Price Current Variable A* 130,371,522 Shares 10% Voting Dilution 13,037,152 Shares 13,037,152 Shares 13,037,152 Shares Funds raised $814,822 $1,629,644 $3,259,288 50% increase in current Variable A 195,557,283 Shares 10% Voting Dilution 19,555,728 Shares 19,555,728 Shares 19,555,728 Shares Funds raised $1,222,233 $2,444,466 $4,888,932 100% increase in current Variable A 260,743,044 Shares 10% Voting Dilution 26,074,304 Shares 26,074,304 Sh