Flynn Gold

ASX Announcements

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Four of our directors, Clive Duncan, Neil Marston, John Forwood and Samuel Garrett, have taken up shares and options under the renounceable rights issue we announced on 21 September 2026.

Each director acquired new fully paid ordinary shares at $0.015 per share, together with free attaching unlisted options exercisable at $0.03 and expiring 27 April 2029, on the same terms offered to all eligible shareholders. No director sold down any part of their existing holding.

In total, Clive Duncan's holding moved from 12,654,235 to 15,987,568 shares, Neil Marston's indirect holding moved from 5,599,998 to 7,466,664 shares, John Forwood's combined direct and indirect holdings increased by 1,107,516 shares, and Samuel Garrett's indirect holding moved from 3,253,346 to 4,337,795 shares. Each also picked up new unlisted options as part of the same entitlement.

We see this as a straightforward signal: our board is putting its own money into the company on the same terms as every other shareholder taking up their entitlement. None of these changes took place during a closed period, so no trading clearance was required.

If you'd like more detail on any of these notices, you're welcome to send us a question through this page.

Lowell Resources Fund has become a substantial holder in Flynn Gold Limited, holding 36,709,799 ordinary shares, which represents 5.18% of the company's voting power.

The shares are registered in the name of Equity Trustees Limited, as trustee for the Lowell Resources Fund account. Part of this holding, 13,333,333 shares, was acquired for cash consideration of $200,000.00.

This notice is a standard disclosure required under the Corporations Act whenever an investor's stake in a listed company crosses the 5% threshold. It tells us who now holds a meaningful position in Flynn Gold, but it doesn't signal any change to our strategy, operations or board composition.

We'll keep shareholders informed if Lowell Resources Fund's position changes in a way that's material to the company.

If you have questions about this announcement, we'd encourage you to use the question box on this page.

We've issued 2,114,059 additional options to our Lead Manager and selected shortfall investors, on top of the free-attaching options issued under our recent Rights Issue.

These new options carry the same terms as the free-attaching FG1AM options: exercisable at $0.03 each, expiring 27 April 2029, and converting into ordinary Flynn Gold shares if exercised. They were issued for nil consideration, using our placement capacity under ASX Listing Rule 7.1, so no additional shareholder approval was needed.

This issue sits alongside the Rights Issue we announced on 13 October 2026. It's a smaller, related batch of options rather than a new capital raising, and it doesn't involve any cash coming into the company at this stage. If and when these options are exercised at $0.03 each, that would bring in further funds and add to our ordinary share count.

For existing shareholders, this is a modest increase in the pool of unquoted options on issue, consistent with the terms already disclosed around the Rights Issue. It doesn't change the mechanics of that raise, just extends the same option terms to a further group of participants.

If you'd like to understand how this fits with the broader Rights Issue, feel free to ask us a question through the hub.

We've issued 50,000,032 unquoted options (ASX code FG1AM), following through on the pro rata renounceable entitlement offer we told the market about on 13 October 2026. This completes that part of the offer, with no further issues under it to come.

These options expire on 22 April 2029 and carry no cash cost to the holder at issue. As part of this update, the option expiry date has moved to 27 April 2027, reflecting a change to the offer's closing date.

The options are unquoted, meaning they won't trade on the ASX. This is a standard step in finalising an entitlement offer and doesn't involve the issue of any new ordinary shares.

Following this issue, Flynn Gold's securities on issue include 608,655,296 ordinary shares, alongside several classes of quoted and unquoted options and performance rights, as set out in full in the announcement.

If you'd like to know more about what this means for your holding, we welcome your questions through the hub.

99,999,998 new fully paid ordinary shares in Flynn Gold have been issued and are being quoted on the ASX today, at an issue price of A$0.015 each.

These shares relate to the pro rata renounceable rights issue we announced on 21 September 2026, which was updated on 13 October 2026. This completes the share component of that raise.

There's one more step still to come: 50,000,032 free attaching options tied to the rights issue are yet to be issued to complete the full transaction.

Once today's shares are quoted, Flynn Gold will have 708,655,294 ordinary shares on issue, alongside our existing quoted options (FG1O and FG1OA) and unquoted options and performance rights as set out in the announcement.

This is a routine step in finalising a capital raising that shareholders have already seen announced, rather than new news about the company's operations or strategy.

If you have questions about this announcement, we'd encourage you to use the question box on this page to reach us directly.

Our Annual General Meeting is coming up on Tuesday, 24 November 2026, held virtually at 12:00pm (AEDT), and we'd like to walk you through what's on the agenda.

We're asking shareholders to vote on four resolutions. The first is adoption of our Remuneration Report for the year ended 30 June 2026, an advisory vote on how we pay our directors and senior management. The second is the re-election of Samuel Garrett as a director, whose background in gold and copper exploration across eleven countries, including discovery credits on projects like Havieron and Tujuh Bukit, you can read about in full in the Notice.

The third resolution asks you to renew the proportional takeover provisions in our Constitution for another three years. These provisions mean that if someone ever launched a partial takeover bid, shareholders would get a say on whether it proceeds, rather than the board deciding alone. We're not aware of any current acquisition proposal, this is simply a standard renewal required every three years under the Corporations Act.

The fourth resolution seeks approval for a 10% placement capacity, giving us the flexibility to issue new shares over the next 12 months without needing to call a separate shareholder meeting each time, on top of our existing 15% placement capacity. Any such shares would need to be issued at no less than 75% of the recent trading price, and the Notice sets out worked examples of what the dilution and funds raised could look like under different scenarios.

Resolutions 3 and 4 are special resolutions, meaning they need 75% support to pass. The full detail, including voting exclusions and the dilution tables, is in the Notice of Meeting.

If you've got questions about any of this, we'd genuinely like to hear them.

We're hosting a webinar tomorrow, Tuesday 20 October, where our Managing Director and CEO Neil Marston will update shareholders on progress at our Firetower and Golden Ridge Projects.

The call runs at 2:00pm AEDT / 11:00am AWST. It's a chance to hear directly from Neil on what's happening at these projects and to ask your own questions in real time.

Firetower is our tungsten, gold and critical metals project in northern Tasmania, part of a broader portfolio that also includes ten 100% owned tenements prospective for gold, tin and tungsten in the state's northeast, plus the Henty silver-lead-zinc project on the west coast.

If you'd like to join, you can register through the link on our website. We'll also keep taking questions through our Investor Hub for anyone who can't make the call or wants to follow up afterwards.

We look forward to talking with you tomorrow, and you're welcome to send through any questions on this announcement beforehand.

Date	Headline
3 Nov 2026 3:21 PM	Change of Director's Interest Notice x 4
30 Oct 2026 11:54 AM	September 2026 Quarterly Activities Report and Appendix 5B
29 Oct 2026 4:07 PM	Initial Substantial Shareholder Notice
28 Oct 2026 1:14 PM	Notification regarding unquoted securities - FG1
28 Oct 2026 11:20 AM	Notification regarding unquoted securities - FG1
28 Oct 2026 11:17 AM	Application for quotation of securities - FG1
28 Oct 2026 10:02 AM	Rights Issue Completion 1
26 Oct 2026 9:12 AM	Notice of Annual General Meeting and Proxy Form
20 Oct 2026 4:09 PM	Renounceable Rights Issue Closing
19 Oct 2026 10:56 AM	Investor Webinar Invitation