Great Southern Mining : Notification regarding unquoted securities - GSN

Announcement Summary

Entity name

GREAT SOUTHERN MINING LIMITED

Date of this announcement Tuesday March 29, 2022

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

Total number of

ASX +security	+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unlisted Options issued under the Company's	3,750,000	28/03/2022
to be confirmed	approved long term incentive plan.

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

1.1 Name of entity

GREAT SOUTHERN MINING LIMITED

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 GSN

1.4 The announcement isNew announcement

1.5 Date of this announcement 29/3/2022

Registration number 37148168825

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

ASX +security code

New class - code to be confirmed

+Security type Options

Date the +securities the subject of this notification were issued 28/3/2022

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

Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?

Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP

M Petricevic (Company Secretary)

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

Yes

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

https://wcsecure.weblink.com.au/clients/gsml/headline.aspx?headlineid=6980764 Note: LTIP last approved at EGM held 3 July 2020.

Options Details

Name of registered holder

+Security description

ISIN code

Number of +securities

M Petricevic

1,500,000

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.10000000	29/3/2027

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

Other

Description

GSN fully paid ordinary shares.

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer above.

Any other information the entity wishes to provide about the +securities the subject of this notification Unlisted Options are being issued to the employees of the Company under the Company's approved LTIP. Refer to Attachment A to this Appendix.

Issue details

Number of +securities

3,750,000