Announcement PDF Notification of cessation of +securities Announcement Summary Entity name ADAVALE RESOURCES LIMITED Announcement Type New announcement Date of this announcement Monday July 03, 2023 Details of +securities that have ceased ASX +security code Security description ADDAAB PERFORMANCE RIGHTS Number of +securities that have ceased 5,750,000 Refer to next page for full details of the announcement Notification of cessation of +securities 1/4 The +securities have ceased due to Date of cessation Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied 01/07/2023 Notification of cessation of +securities Part 1 - Announcement Details 1.1 Name of +Entity ADAVALE RESOURCES LIMITED We (the entity named above) provide the following information about our issued capital. 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 3/7/2023 Notification of cessation of +securities 2/4 Notification of cessation of +securities Part 2 - Details of +equity securities or +debt securities that have ceased ASX +Security Code and Description ADDAAB : PERFORMANCE RIGHTS Unquoted +equity securities that have ceased Number of securities that have ceased 5,750,000 Reason for cessation Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied Date of cessation 1/7/2023 Is the entity paying any consideration for the cessation? No Any other information the entity wishes to notify to ASX about the cessation? Notification of cessation of +securities 3/4 Notification of cessation of +securities Part 3 - Issued capital following changes Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise: 3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX) Total number of +securities on issue ASX +security code and description ADD : ORDINARY FULLY PAID 519,543,000 ADDOA : OPTION EXPIRING 31-DEC-2025 78,334,160 3.2 Unquoted +equity securities (total number of each +class of +equity 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 200 Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form. Notification of cessation of +securities 4/4