Application for quotation of securities

Appendix 2A - Application for quotation of securities
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Announcement Summary
Entity name
MINERALS EXPLORATION LIMITED
Announcement Type
New announcement
Date of this announcement
Monday December 22, 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
MEXORDINARY FULLY PAID2,300,00019/12/2025
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

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Part 1 - Entity and announcement details
1.1 Name of entity
MINERALS EXPLORATION 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
ACN
Registration number
650124324
1.3 ASX issuer code
MEX
1.4 The announcement is
1.5 Date of this announcement
22/12/2025
New announcement

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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

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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
MEXAI : PERFORMANCE RIGHTS EXPIRING 11-DEC-2028
TO (Existing Class)
ASX +security code and description
MEX : ORDINARY FULLY PAID
Please state the number of options
that were exercised or other
+convertible securities that were
converted
2,300,000
The first date the options were
exercised or other +convertible
securities were converted
19/12/2025
The last date the options were
exercised or other +convertible
securities were converted
19/12/2025
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?
Are any of the options being exercised or other +convertible securities being converted held by +key management
personnel (KMP) or an +associate?
Provide details of the KMP or +associates who are exercising options or converting convertible securities
Name of KMPName of registered holder
Number of options being exercised
or other +convertible securities
being converted
Brett MitchellMR BRETT MITCHELL + MRS
MICHELLE MITCHELL
<LEFTHANDERS SUPER FUND A/C>
450,000
Brett MitchellMR BRETT MITCHELL + MRS
MICHELLE MITCHELL <MITCHELL
SPRING FAMILY A/C>
1,350,000
Alexander PassmoreMr Alexander Passmore
500,000
Issue date
19/12/2025
Yes
Yes
Intended to be, but are not yet, quoted by ASX
An issue of new +securities
No

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Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued
+securities in that class?
Issue details
Number of +securities to be quoted
2,300,000
Are the +securities being issued for a cash consideration?
Please describe the consideration being provided for the +securities
Conversion of performance rights
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the
+securities to be quoted
0.000000
Any other information the entity wishes to provide about the +securities to be quoted
No
Yes

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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
MEX : ORDINARY FULLY PAID191,958,501
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
MEXAK : OPTION EXPIRING 26-FEB-2029 EX $0.302,000,000
MEXAJ : OPTION EXPIRING 26-FEB-2029 EX $0.202,000,000
MEXAI : PERFORMANCE RIGHTS EXPIRING 11-DEC-20281,250,000
MEXAD : OPTION EXPIRING 27-MAY-2027 EX $0.301,000,000
MEXAE : OPTION EXPIRING 27-MAY-2027 EX $0.306,000,000
MEXAF : PERFORMANCE RIGHTS950,000
MEXAH : PERFORMANCE RIGHTS EXPIRING 28-JUN-20272,500,000