HILLGROVE RESOURCES LIMITED — Share Issue/Capital Change 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Announcement Summary

Entity name
HILLGROVE RESOURCES LIMITED

Date of this announcement
Friday May 29, 2026

The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

Refer to next page for full details of the 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

Part 1 - Entity and announcement details

1.1 Name of entity
HILLGROVE RESOURCES 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
Registration number
ABN
73004297116

1.3 ASX issuer code
HGO

1.4 The announcement is
New announcement

1.5 Date of this announcement
29/5/2026

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

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?
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

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description
new unquoted class of security

Date the +securities the subject of this notification were issued
29/5/2026

Any other information the entity wishes to provide about the +securities the subject of this notification
Refer to ASX announcement titled 'Hillgrove and Havilah Enter Mutooroo Partnership' dated 21 May 2026 for further details.

Issue details

Number of +securities
116,279,070

Were the +securities issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Refer to ASX announcement titled 'Hillgrove and Havilah Enter Mutooroo Partnership' dated 21 May 2026 for further details.

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

Part 3C - number and type of +securities the subject of this notification (new class)

Date the +securities the subject of this notification were issued
29/5/2026

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Options Details

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
HGO : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification
50% of the securities (58,139,535 options) are subject to a 6-month voluntary escrow period ending on 29 November 2026, with the remaining 50% (58,139,535 options) subject to a 12-month voluntary escrow period ending on 29 May 2027.

Issue details

Number of +securities
116,279,070

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

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)

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities