Proposed issue of securities - FG1

Flynn Gold Limited has announced a proposed issue of securities, including the issuance of 130,000,000 Ordinary Fully Paid shares at an offer price of AUD 0.02000 per share. Additionally, 65,000,000 Options and 500,000 Options will be issued, with an exercise price of AUD 0.0400, expiring 36 months from the date of issue. These securities are part of a placement to raise funds for the exploration of projects and general working capital.

Shareholder approval is required for part of the issuance, specifically for Tranche Two of the Placement and the issuance of Options to the Lead Manager. The proposed issue date is 7/3/2025. External approvals are also required before the issue can proceed on an unconditional basis.

Investors are invited to seek further information or ask questions about the announcement. The Company has chosen a placement as the most cost-efficient method to raise funds, considering funding certainty and investor interest. Bell Potter Securities Ltd will act as the lead manager/broker for the proposed issue. More information can be found on the Flynn Gold website under announcements.