Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Announcement Summary Entity name HILLGROVE RESOURCES LIMITED Date of this announcement Monday May 19, 2025 The +securities the subject of this notification are: +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX 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 18,571,428 16/05/2025 OPTION EXPIRING 16-MAY-2028 EX $0.0525 Refer to next page for full details of the announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1/6 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 1 - Entity and announcement details 1.1 Name of entity HILLGROVE RESOURCES LIMITED 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 73004297116 1.3 ASX issuer code HGO 1.4 The announcement is New announcement 1.5 Date of this announcement 19/5/2025 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2/6 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: +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX Previous Appendix 3B details: Announcement Date and Time Announcement Title Selected Appendix 3B to submit quotation request 20-Mar-2025 08:44 Update - Update - Proposed issue of securities - HGO A placement or other type of issue 2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3/6 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B Placement Details ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 16/5/2025 Any other information the entity wishes to provide about the +securities the subject of this notification The securities the subject of this notification are to be issued to the Lead Managers of the Placement. Refer 'Resolution 13 - Issue of Options under a Mandate' of the AGM Notice of Meeting for further details. Issue details Number of +securities 18,571,428 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Options granted pursuant to terms of Mandate. Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4/6 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) ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 16-MAY-2028 EX $0.0525 +Security type ISIN code Options Date the +securities the subject of this notification were issued 16/5/2025 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Refer Schedule 1 of the 2025 AGM Notice of Meeting; https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-researc h/1.0/file/2924-02932722-2A1589039&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.05250000 16/5/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option HGO : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 18,571,428 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5/6 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 HGO : ORDINARY FULLY PAID 2,610,831,233 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 HGOAAA : OPTION EXPIRING 01-MAR-2027 EX $0.09 10,000,000 HGOAA : PERFORMANCE RIGHTS 41,025,000 HGOAZ : OPTION EXPIRING 28-APR-2026 EX $0.0795 35,000,000 HGOAX : OPTION EXPIRING 14-MAY-2026 EX $0.15 9,000,000 New class - code to be confirmed : OPTION EXPIRING 16-MAY-2028 EX $0.0525 18,571,428 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6/6