Application for quotation of +securities Announcement Summary Entity name VICTORY METALS LIMITED Announcement Type New announcement Date of this announcement Wednesday December 06, 2023 The +securities to be quoted are: +Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted Total number of +securities to be quoted ASX +security code Security description VTM ORDINARY FULLY PAID Refer to next page for full details of the announcement Application for quotation of +securities 1/6 Number of +securities to be quoted Issue date 500,000 06/12/2023 Application for quotation of +securities Part 1 - Entity and announcement details 1.1 Name of entity VICTORY METALS 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 Registration number ACN 124279750 1.3 ASX issuer code VTM 1.4 The announcement is New announcement 1.5 Date of this announcement 6/12/2023 Application for quotation of +securities 2/6 Application for quotation of +securities Part 2 - Type of Issue 2.1 The +securities to be quoted are: +Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted 2.2 The +securities to be quoted are: Additional +securities in a class that is already quoted on ASX ("existing class") Application for quotation of +securities 3/6 Application for quotation of +securities 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 VTMAP : PERFORMANCE RIGHTS TO (Existing Class) ASX +security code and description VTM : ORDINARY FULLY PAID Please state the number of options that were exercised or other +convertible securities that were converted The first date the options were exercised or other +convertible securities were converted The last date the options were exercised or other +convertible securities were converted 6/12/2023 500,000 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)? No The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No Issue date 6/12/2023 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Application for quotation of +securities 4/6 Application for quotation of +securities Issue details Number of +securities to be quoted 500,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Incentive securities issued to the Technical Advisor as part of their remuneration package. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.235000 Any other information the entity wishes to provide about the +securities to be quoted Application for quotation of +securities 5/6 Application for quotation of +securities 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: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance 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) Total number of +securities on issue ASX +security code and description VTM : ORDINARY FULLY PAID 81,399,656 4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description VTMAI : OPTION EXPIRING 16-JUL-2024 EX $0.30 1,533,334 VTMAJ : OPTION EXPIRING 16-JUL-2024 EX $0.30 1,533,333 VTMAK : OPTION EXPIRING 16-JUL-2024 EX $0.40 1,533,333 VTMAL : PERFORMANCE SHARES 476,348 VTMAM : PERFORMANCE SHARES 4,227,118 VTMAQ : OPTION EXPIRING 28-MAR-2025 EX $0.30 66,666 VTMAO : OPTION EXPIRING 11-NOV-2024 EX $0.30 9,166,667 VTMAP : PERFORMANCE RIGHTS 3,500,000 Application for quotation of +securities 6/6