Minotaur Exploration : Notification regarding unquoted securities - MEP

For personal use only

Entity name

MINOTAUR EXPLORATION LTD

Date of this announcement

Monday December 20, 2021

The +securities the subject of this notification are:

Other

Total number of +securities to be issued/transferred

Refer to next page for full details of the announcement

For personal use only

1.1 Name of entity

MINOTAUR EXPLORATION LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1. The announcement is New announcement
2. Date of this announcement

20/12/2021

For personal use only

2.1 The +securities the subject of this notification are: Other

Please specify

Unlisted options issued as part consideration for the acquisition of an asset

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")

For personal use only

Additional +securities in an existing class

ASX +security code and description

MEPAI : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

17/12/2021

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

1,000,000 unlisted options issued as part consideration for the acquisition of full ownership of the Altia polymetallic project, as per ASX Release dated 24 August 2021

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

N/A

For personal use only

Number of +securities

1,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

1,000,000 unlisted options issued as part consideration for the acquisition of full ownership of the Altia polymetallic project, as per ASX Release dated 24 August 2021

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

N/A

Name of company or asset being acquired

Full ownership of the Altia polymetallic project, as per ASX Release dated 24 August 2021