Lodestar Minerals : Appendix 3B - 21 November 2017

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Lodestar Minerals Limited

ABN

32 127 026 528

We (the entity) give ASX the following information.

You must complete the relevant sections (attach sheets if there is not enough space).

31 October 2019 options

1 +Class of +securities issued or to be issued

6,800,000

1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

   Options‐ Exercisable at 3 cents each on or before 31 October 2019

2. Principal terms of the

   +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

   +convertible securities, the conversion price and dates for conversion)

   Yes. 31 October 2019 options

3. Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

   If the additional securities do not rank equally, please state:

   • the date from which they do

   • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

   • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

     Issued as part of broker management fee for placement

4. Issue price or consideration

   Part payment of broker management fees.

5. Purpose of the issue

   (If issued as consideration for the acquisition of assets, clearly identify those assets)

   Yes

   6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

   If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

   20 November 2017

   6b The date the security holder resolution under rule 7.1A was passed

   Nil

   6c Number of +securities issued without security holder approval under rule 7.1

   Nil

   6d Number of +securities issued with security holder approval under rule 7.1A

   6,800,000 options

   6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

   Nil

   6f Number of securities issued under an exception in rule 7.2

   N/A

   6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

   N/A

   6h If securities were issued under rule 7.1A for non‐cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

   Rule 7.1‐95,368,249

   Rule 7.1A‐ 63,578,832

   6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

   20 November 2017

6. Dates of entering +securities into uncertificated holdings or despatch of certificates

   Number	+Class
   635,788,328 119,983,702	Fully paid ordinary 31 October 2019 options

7. Number and +class of all

+securities quoted on ASX (including the securities in section 2 if applicable)