Coda Minerals : Notification regarding unquoted securities - COD

Announcement Summary

Entity name

CODA MINERALS LTD

Date of this announcement Wednesday April 20, 2022

The +securities the subject of this notification are:Other

Total number of +securities to be issued/transferredASX +securityTotal number of +securities to be

code	Security description	issued/transferred	Issue date
New class - code	Unquoted options exercisable at $1.50 on or	991,804	19/04/2022
to be confirmed	before 22/12/2023

Refer to next page for full details of the announcementPart 1 - Entity and announcement details

1.1 Name of entity CODA MINERALS 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 ABN

1.3 ASX issuer code COD

1.4 The announcement isNew announcement

1.5 Date of this announcement 20/4/2022

Registration number 49625763957

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

991,804 Coda unquoted options exercisable at $1.50 on or before 22/12/2023.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:does not have an existing ASX security code ("new class")

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

onlyFor personal use

New +securitiesASX +security code

New class - code to be confirmed

+Security type Options

Date the +securities the subject of this notification were issued 19/4/2022

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Issued as consideration to acquire Torrens Mining Limited options in accordance with Option Purchase Deed. For further information please refer to the Bidder's Statement dated 2 March 2022.

Options Details

+Security description

ISIN code

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 1.50000000	22/12/2023

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

COD - Fully paid ordinary shares.

Any other information the entity wishes to provide about the +securities the subject of this notificationPlease provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

the market in an Appendix 3B

The issue was notified on the Appendix 3B released on 3 March 2022.

Issue details

Number of +securities

991,804

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issued as consideration to acquire Torrens Mining Limited options in accordance with Option Purchase Deed.

Purpose of the issue

Other

Additional Details

For further information please refer to the Bidder's Statement dated 2 March 2022.