Convertible Loan Conversions and Repayment of Loan

Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000
ABN 80 611 963 225 tel +612 7253 2020 www.manukaresources.com.au

ASX Announcement
17 December 2025

ASX: MKR




Issue of Securities – Convertible Loan Conversions and Repayment of
Short-Term Loan

Manuka Resources Limited (ASX: MKR), (NZX: MKR) (Company) advises of the issue of a total of
35,050,609 fully paid ordinary shares (each, a Share) at a deemed issue price of $0.043 per Share and
27,826,400 unquoted options over unissued Shares (each, an Unquoted Option
1
), comprising:

Convertible Loans – Share and Unquoted Option Issue

1. 13,913,200 Shares were issued upon conversion of 9 convertible loans in accordance with their
terms approved by Shareholders at the Company’s 2025 Annual General Meeting; and

2. 27,826,400 Unquoted Options were issued on the basis of 2 free options for every 1 Share issued.
A summary of the key terms of the Unquoted Options is set out in Annexure D of the notice of
meeting for the Company’s 2025 Annual General Meeting
2
.

Short-Term Loan – Share Issue Only

1. 21,137,409 Shares were also issued at a deemed issue price of $0.043 per Share in full
satisfaction of a short-term loan facility. No Unquoted Options attach to these Shares.

For further information on these issues, please refer to the Appendix 2A and Appendix 3G released on
the ASX by the Company.

Authorised for release to the ASX by the Executive Chairman of Manuka Resources Limited.


Dennis Karp
Executive Chairman















1
Each Unquoted Option has an exercise price of $0.06 and is exercised to a Share at any time on or
before 5pm (Sydney time) on 15 May 2026.
2
https://announcements.asx.com.au/asxpdf/20251030/pdf/06r9qp7w9ncdnb.pdf.

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Appendix 2A - Application for quotation of securities
Appendix 2A - Application for quotation of securities
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Announcement Summary
Entity name
MANUKA RESOURCES LTD.
Announcement Type
New announcement
Date of this announcement
Thursday December 18, 2025
The +securities to be quoted are:
Total number of +securities to be quoted
ASX +security
codeSecurity description
Number of +securities to
be quotedIssue date
MKRORDINARY FULLY PAID13,913,20017/12/2025
Refer to next page for full details of the announcement
+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being
converted

Appendix 2A - Application for quotation of securities
Appendix 2A - Application for quotation of securities
2 / 7
Part 1 - Entity and announcement details
1.1 Name of entity
MANUKA RESOURCES LTD.
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
ACN
Registration number
611963225
1.3 ASX issuer code
MKR
1.4 The announcement is
1.5 Date of this announcement
18/12/2025
New announcement

Appendix 2A - Application for quotation of securities
Appendix 2A - Application for quotation of securities
3 / 7
Part 2 - Type of Issue
2.1 The +securities to be quoted are:
2.2 The +class of +securities to be quoted is:
Additional +securities in a class that is already quoted on ASX ("existing class")
+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being
converted

Appendix 2A - Application for quotation of securities
Appendix 2A - Application for quotation of securities
4 / 7
Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an
Appendix 3B
Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)
ASX +security code and description
MKRAAH : CONVERTIBLE LOANS
TO (Existing Class)
ASX +security code and description
MKR : ORDINARY FULLY PAID
Please state the number of options
that were exercised or other
+convertible securities that were
converted
9
The first date the options were
exercised or other +convertible
securities were converted
15/12/2025
The last date the options were
exercised or other +convertible
securities were converted
15/12/2025
Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being
satisfied by:
The underlying +securities being received by the holder are:
Were the options being exercised or other +convertible securities being converted issued under an +employee
incentive scheme?
Issue date
17/12/2025
Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued
+securities in that class?
Yes
No
Intended to be, but are not yet, quoted by ASX
An issue of new +securities
Yes

Appendix 2A - Application for quotation of securities
Appendix 2A - Application for quotation of securities
5 / 7
Issue details
Number of +securities to be quoted
13,913,200
Are the +securities being issued for a cash consideration?
Please describe the consideration being provided for the +securities
Issued upon conversion of 9 convertible loans in accordance with their terms approved by Shareholders at the Company's
2025 Annual General Meeting.
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the
+securities to be quoted
598,267.000000
Any other information the entity wishes to provide about the +securities to be quoted
NoNo

Appendix 2A - Application for quotation of securities
Appendix 2A - Application for quotation of securities
6 / 7
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:
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 quoted on ASX following the +quotation of the
+securities subject of this application)
ASX +security code and description
Total number of
+securities on issue
MKR : ORDINARY FULLY PAID1,377,281,386
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
MKRAP : OPTION EXPIRING 16-DEC-2025 EX $0.1719,571,419
MKRAX : OPTION EXPIRING 24-JAN-2026 EX $0.08345,000,000
MKRAAD : OPTION EXPIRING 31-MAY-2026 EX $0.0625,000,000
MKRAW : OPTION EXPIRING 31-DEC-2025 EX $0.1025,757,575
MKRAA : WARRANTS22,500,000
MKRAAC : CONVERTIBLE NOTES3,650,000
MKRAAG : OPTION EXPIRING 07-AUG-2028 EX $0.1040,000,000
MKRAY : OPTION EXPIRING 31-MAR-2026 EX $0.08215,000,000
MKRAAE : OPTION EXPIRING 29-MAY-2026 EX $0.061,000,000
MKRAAH : CONVERTIBLE LOANS0
MKRAAA : OPTION EXPIRING 03-APR-2027 EX $0.1075,000,000
MKRAZ : OPTION EXPIRING 15-MAY-2026 EX $0.06104,191,054
MKRAAB : OPTION EXPIRING 30-JUN-2026 EX $0.04115,000,000

Appendix 2A - Application for quotation of securities
Appendix 2A - Application for quotation of securities
7 / 7

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Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000
ABN 80 611 963 225 tel +612 7253 2020 www.manukaresources.com.au

ASX Announcement
17 December 2025

ASX: MKR




Notice under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

Manuka Resources Limited (ASX: MKR), (NZX: MKR) (Company) has issued 35,050,609 fully paid
Ordinary Shares (each, a Share) at a deemed issue price of 0.043 per Share. These issues comprise:

1. 13,913,200 Shares were issued upon conversion of 9 convertible loans in accordance with their
terms; and

2. 21,137,409 Shares were issued at a deemed issue price of $0.043 per Share in full
satisfaction of repayment of a short-term loan facility.

The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001
(Cth) (Act).

Notice under section 708A(5)(E) of the Act is given:

(a) The Company has complied with the provisions of Chapter 2M of the Act as they
apply to the Company;
(b) The Company has complied with section 674, of the Act;

(c) There is no information that is excluded from a continuous disclosure notice in
accordance with the ASX Listing Rules; and

(d) There is no information that investors and their professional advisers would
reasonably require for the purpose of making an informed assessment of:

o the assets and liabilities, financial position and performance, profits and losses
and prospects of the Company; or

o the rights and liabilities attaching to the Securities.

This Notice is given under sections 708A(5)(e) and 708A(6) of the Act prior to the resale of the Shares.

Authorised for release to the ASX by the Executive Chairman of Manuka Resources Limited.


Dennis Karp
Executive Chairman

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
1 / 6
Announcement Summary
Entity name
MANUKA RESOURCES LTD.
Date of this announcement
Thursday December 18, 2025
The +securities the subject of this notification are:
Total number of +securities to be issued/transferred
ASX +security
codeSecurity description
Total number of
+securities to be
issued/transferredIssue date
MKRAZOPTION EXPIRING 15-MAY-2026 EX $0.0627,826,40017/12/2025
Refer to next page for full details of the announcement
Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
2 / 6
Part 1 - Entity and announcement details
1.1 Name of entity
MANUKA RESOURCES LTD.
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type
ACN
Registration number
611963225
1.3 ASX issuer code
MKR
1.4 The announcement is
1.5 Date of this announcement
18/12/2025
New announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
3 / 6
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other
+convertible securities being converted are:
in a class which is not quoted on ASX but which has an existing ASX security code ("existing class")
Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
4 / 6
Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to
ASX in an Appendix 3B
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being
satisfied by:
The underlying securities being received by the holder are:
Existing +securities converting into an existing class
FROM (Existing Class)
ASX +Security code and description
MKRAAH : CONVERTIBLE LOANS
TO (Existing Class)
ASX +Security code and description
MKRAZ : OPTION EXPIRING 15-MAY-2026 EX $0.06
Please state the number of options
that were exercised or other
+convertible securities that were
converted
9
The first date the options were
exercised or other +convertible
securities were converted
15/12/2025
The last date the options were
exercised or other +convertible
securities were converted
17/12/2025
Is this all of the options or other +convertible securities on issue of that type?
Were the options being exercised or other +convertible securities being converted issued under an +employee
incentive scheme?
Date the +securities the subject of this notification were issued/transferred
17/12/2025
Will the +securities rank equally in all respects from their issue date with the existing issued +securities in that
class?
Any other information the entity wishes to provide about the +securities the subject of this notification
Issue details
Number of +securities
27,826,400
Yes
No
Yes
Are not, and are not intended to be, quoted by ASX
An issue of new +securities

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
5 / 6
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
MKR : ORDINARY FULLY PAID1,363,368,186
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
MKRAP : OPTION EXPIRING 16-DEC-2025 EX $0.1719,571,419
MKRAX : OPTION EXPIRING 24-JAN-2026 EX $0.08345,000,000
MKRAAD : OPTION EXPIRING 31-MAY-2026 EX $0.0625,000,000
MKRAW : OPTION EXPIRING 31-DEC-2025 EX $0.1025,757,575
MKRAA : WARRANTS22,500,000
MKRAAC : CONVERTIBLE NOTES3,650,000
MKRAAG : OPTION EXPIRING 07-AUG-2028 EX $0.1040,000,000
MKRAY : OPTION EXPIRING 31-MAR-2026 EX $0.08215,000,000
MKRAAE : OPTION EXPIRING 29-MAY-2026 EX $0.061,000,000
MKRAAH : CONVERTIBLE LOANS0
MKRAAA : OPTION EXPIRING 03-APR-2027 EX $0.1075,000,000
MKRAZ : OPTION EXPIRING 15-MAY-2026 EX $0.06132,017,454
MKRAAB : OPTION EXPIRING 30-JUN-2026 EX $0.04115,000,000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
6 / 6