Kingwest Resources : Notification regarding unquoted securities - KWR

Announcement Summary

Entity name

KINGWEST RESOURCES LIMITED

Date of this announcement Friday April 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	Unquoted options exercisable at $0.25 expiring 28	1,250,000	29/04/2022
to be confirmed	April 2025

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

1.1 Name of entity

KINGWEST RESOURCES 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 KWR

1.4 The announcement isNew announcement

1.5 Date of this announcement 29/4/2022

Registration number 58624972185

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 29/4/2022

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?

No

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.

Options Details

+Security description

ISIN code

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.25000000	28/4/2025

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

Other

Description

Fully paid ordinary shares (ASX:KWR)

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 to Schedule 3 of Notice of Annual General Meeting lodged with ASX on 27 October 2021

Any other information the entity wishes to provide about the +securities the subject of this notification

Options issued pursuant to the terms of the Company's Incentive Option Plan without shareholder approval and pursuant to ASX Listing Rule 10.12 Exception 12.

Issue details

Number of +securities

1,250,000