Application for quotation of +securities Announcement Summary Entity name ADAVALE RESOURCES LIMITED Announcement Type New announcement Date of this announcement Wednesday August 02, 2023 The +securities to be quoted are: +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B Total number of +securities to be quoted ASX +security code Security description ADD ORDINARY FULLY PAID Refer to next page for full details of the announcement Application for quotation of +securities 1/6 Number of +securities to be quoted Issue date 130,000,000 01/08/2023 Application for quotation of +securities Part 1 - Entity and announcement details 1.1 Name of entity ADAVALE RESOURCES LIMITED We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules. 1.2 Registered number type Registration number ACN 008719015 1.3 ASX issuer code ADD 1.4 The announcement is New announcement 1.5 Date of this announcement 2/8/2023 Application for quotation of +securities 2/6 Application for quotation of +securities Part 2 - Type of Issue 2.1 The +securities to be quoted are: +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B Previous Appendix 3B details: Announcement Date and Time Announcement Title Selected Appendix 3B to submit quotation request 21-Jul-2023 08:49 Update - Update - Proposed issue of securities - ADD 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? Yes 2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B 140,000,000 Listed Options (ADDOA) - subject to shareholders approval Application for quotation of +securities 3/6 Application for quotation of +securities Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B Placement Details ASX +security code and description ADD : ORDINARY FULLY PAID Issue date 1/8/2023 Distribution Schedule Provide a distribution schedule for the new +securities according to the categories set out in the left hand column including the number of recipients and the total percentage of the new +securities held by the recipients in each category. Number of +securities held Number of holders Total percentage of +securities held For example, to enter a value of 50% please input as 50.00 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over % Application for quotation of +securities 4/6 Application for quotation of +securities Issue details Number of +securities to be quoted 130,000,000 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.01900000 Any other information the entity wishes to provide about the +securities to be quoted Application for quotation of +securities 5/6 Application for quotation of +securities Part 4 - Issued capital following quotation Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application) Total number of +securities on issue ASX +security code and description ADD : ORDINARY FULLY PAID 688,218,340 ADDN : ORDINARY FULLY PAID DEFERRED 111,643,668 ADDOC : OPTION EXPIRING 31-DEC-2025 DEFERRED 111,643,668 ADDOA : OPTION EXPIRING 31-DEC-2025 78,334,160 4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description ADDAAD : OPTION EXPIRING 22-SEP-2023 EX $0.03 98,325,014 ADDAAE : OPTION EXPIRING 03-AUG-2025 EX $0.03 5,000,000 ADDAAA : OPTION EXPIRING 13-JAN-2025 EX $0.15 9,000,000 ADDAAB : PERFORMANCE RIGHTS 11,250,000 ADDAAG : CONVERTIBLE NOTES Application for quotation of +securities 117 6/6