Appendix 3B

New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

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

Cape Lambert Resources Limited

ABN

71 095 047 920

We (the entity) give ASX the following information.

Part 1 - All issues

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

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

Fully paid ordinary shares (Shares)

10,000,144 Shares

3

Principal

terms

of

the

Fully paid ordinary shares

+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)

+ See chapter 19 for defined terms.

01/08/2012

Appendix 3B Page 1

Appendix 3B

New issue announcement

  1. 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
  3. Issue price or consideration
  4. Purpose of the issue
    (If issued as consideration for the acquisition of assets, clearly identify those assets)

Yes

$0.005 per share

Partial conversion of convertible notes issued to MEF I, L.P. (Magna) (per ASX Announcement 17 December 2018)

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

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

Yes

29 November 2018

6c Number of +securities issued N/a

without security holder approval under rule 7.1

+ See chapter 19 for defined terms.

Appendix 3B Page 2

01/08/2012

Appendix 3B

New issue announcement

6d

Number

of

+securities

issued

N/a

with

security

holder

approval

under rule 7.1A

6e

Number

of

+securities

issued

N/a

with

security

holder

approval

under rule 7.3, or another

specific security holder approval

(specify date of meeting)

6f

Number

of

securities

issued

10,000,144 Shares

under an exception in rule 7.2

6g

If securities

issued under rule

N/a

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.

6h

If securities were issued under

N/a

rule

7.1A

for

non-cash

consideration,

state

date

on

which

valuation

of

consideration

was released

to

ASX Market Announcements

6i

Calculate the entity's remaining

7.1 - 13,662,698

issue capacity under rule 7.1 and

7.1A - 108,614,068

rule 7.1A - complete Annexure 1

and release to ASX Market

Announcements

7 Dates of entering +securities 25 October 2019 into uncertificated holdings or

despatch of certificates

Number

+Class

8

Number

and +class

of

all

1,104,474,020

Fully Paid Ordinary Shares

+securities

quoted

on

ASX

(including the securities in

section 2 if applicable)

+ See chapter 19 for defined terms.

01/08/2012

Appendix 3B Page 3

Appendix 3B

New issue announcement

9 Number and +class of all +securities not quoted on ASX (including the securities in section 2 if applicable)

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Number

+Class

15,336,363

Unlisted

Options

(exercisable

at $0.07 each on or before 12

March 2020)

7,667,727

Unlisted

Options

(exercisable

at $0.07 each on or before 19

March 2020)

5,250,000

Unlisted

Options

(exercisable

at $0.04 each on or before 31

March 2020)

15,000,000

Unlisted

Options

(exercisable

at $0.03 each on or before 30

June 2021)

5,000,000

Unlisted

Options

(exercisable

at $0.05 each on or before 13

December 2020)

176,731

Convertible

note

(in

accordance with terms of the

Magna

convertible

note

announced

17

December

2018).

990

Convertible

note

(in

accordance with terms of the

Winance

convertible

note

announced 31 July 2019)

N/A

+ See chapter 19 for defined terms.

Appendix 3B Page 4

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Appendix 3B

New issue announcement

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval N/A required?

12

Is the issue renounceable or non-

N/A

renounceable?

13 Ratio in which the +securities N/A will be offered

14

+Class of +securities to which the

N/A

offer relates

15

+Record date to determine

N/A

entitlements

16 Will holdings on different N/A registers (or subregisters) be aggregated for calculating entitlements?

  1. Policy for deciding entitlements in relation to fractions
  2. Names of countries in which the entity has +security holders who will not be sent new issue documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.

N/A

N/A

19 Closing date for receipt of N/A acceptances or renunciations

20 Names of any underwriters

N/A

21

Amount of any underwriting fee

N/A

or commission

22 Names of any brokers to the N/A issue

+ See chapter 19 for defined terms.

01/08/2012

Appendix 3B Page 5

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Cape Lambert Resources Ltd. published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 08:45:01 UTC