Issue of Shares and Unlisted Options

ISSUE OF SHARES AND UNLISTED OPTIONS

GreenX Metals Limited (GreenX or Company) advises that it has issued 2,799,099 ordinary fully paid shares (Shares) on the exercise of 4,775,000 unlisted options pursuant to cash and cashless exercise facilities.

An application for the admission of the Shares to the Equity shares (international commercial companies secondary listing) listing segment of the Official List of the FCA (Official List) and to trading on the main market of the London Stock Exchange for listed securities (LSE Admission) will be submitted in due course.

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules (DTRs), following LSE Admission, the Company's issued ordinary share capital will be 289,882,188 ordinary shares. The above figure of 289,882,188 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following LSE Admission.

The Company has also issued 300,000 unlisted options exercisable at A$1.05 each on or before 31 May 2029 and 300,000 unlisted options exercisable at A$1.20 each on or before 31 May 2030 to a key consultant of the Company.

Following the issue of Shares and unlisted options, GreenX has the following securities on issue:

• 289,882,188 ordinary fully paid shares;
• 11,000,000 performance rights that have an expiry date 8 October 2026;
• 5,525,000 unlisted options exercisable at A$0.55 each on or before 30 November 2026;
• 7,100,000 unlisted options exercisable at A$1.05 each on or before 31 May 2029; and
• 7,100,000 unlisted options exercisable at A$1.20 each on or before 31 May 2030.