ASX:FG1 - Notification regarding unquoted securities

Notification regarding unquoted securities - FG1

Released 28 Oct 2026 - 1:14 PM

Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1 / 7 Announcement Summary Entity name FLYNN GOLD LIMITED Date of this announcement Wednesday October 28, 2026 The +securities the subject of this notification are: Total number of +securities to be issued/transferred ASX +security code Security description Total number of +securities to be issued/transferred Issue date New class - code to be confirmed FG1AM OPTION EXPIRING 27-APR-2029 DEFERRED 2,114,059 28/10/2026 Refer to next page for full details of the announcement Other Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2 / 7 Part 1 - Entity and announcement details 1.1 Name of entity FLYNN GOLD 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 ACN Registration number 644122216 1.3 ASX issuer code FG1 1.4 The announcement is 1.5 Date of this announcement 28/10/2026 New announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3 / 7 Part 2 - Issue details 2.1 The +securities the subject of this notification are: Please specify The Company issued additional options to Lead Manager on the same terms as free-attaching options 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") Other Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4 / 7 Part 3C - number and type of +securities the subject of this notification (new class) New +securities ASX +security code New class - code to be confirmed +Security description FG1AM OPTION EXPIRING 27-APR-2029 DEFERRED +Security type Options ISIN code Date the +securities the subject of this notification were issued 28/10/2026 Will all the +securities issued in this class rank equally in all respects from their issue date? Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://asx.api.cmfyapp.com/asx-research/1.0/file/2924-03147627-3A703960&v=undefined Options Details +Security currency AUD - Australian Dollar Exercise price AUD 0.03000000 Expiry date 27/4/2029 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option FG1 : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification Additional FG1AM options expiring 27 April 2029, exercisable at $0.03, issued to Lead Manager /selected shortfall investors under placement capacity on the same terms as FG1AM the free-attaching options issued under the Rights Issue as disclosed in Appendix 3B. Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B In addition to the free-attaching options issued under the Rights Issue, the Company has issued additional options to Lead Manager on the same terms as free attaching options as announced in Appendix 3B lodged on 13 October 2026 No Yes Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5 / 7 Issue details Number of +securities 2,114,059 Were the +securities issued for a cash consideration? Please describe the consideration being provided for the +securities Additional options were issued for nil consideration to Lead Manager/ selected shortfall investors, exercisable at $0.03, in addition to the free-attaching options under the Rights Issue. Purpose of the issue Other Additional Details No No Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6 / 7 Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise: The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing. 4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX) ASX +security code and description Total number of +securities on issue FG1N : ORDINARY FULLY PAID DEFERRED 202,885,099 FG1O : OPTION EXPIRING 07-NOV-2026 50,581,226 FG1 : ORDINARY FULLY PAID 608,655,296 FG1OA : OPTION EXPIRING 14-APR-2028 118,667,040 4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue FG1AK : OPTION EXPIRING 23-APR-2028 EX $0.04 65,500,000 FG1AM : OPTION EXPIRING 22-APR-2029 DEFERRED 101,442,549 FG1AL : PERFORMANCE RIGHTS 20,300,000 New class - code to be confirmed : FG1AM OPTION EXPIRING 27-APR-2029 DEFERRED 2,114,059 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7 / 7 Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 2,114,059 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No Yes No No

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.

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