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 VALIANT GOLD LIMITED Date of this announcement Wednesday September 23, 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 Performance rights 3,192,855 23/09/2026 New class - code to be confirmed Unquoted options 13,817,337 23/09/2026 Refer to next page for full details of the announcement +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX 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 VALIANT 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 691820532 1.3 ASX issuer code VAL 1.4 The announcement is 1.5 Date of this announcement 23/9/2026 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: 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 securities issued under an +employee incentive scheme that are not intended to be quoted on ASX 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) ASX +security code New class - code to be confirmed +Security description Performance rights +Security type Other ISIN code Date the +securities the subject of this notification were issued 23/9/2026 Will all the +securities issued in this class rank equally in all respects from their issue date? Were any of the +securities issued to +key management personnel (KMP) or an +associate? Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Donna Lee Thornton Donna Lee Thornton 470,400 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.asxonline.com/companies/e/status/viewPdf/3124435 Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://asx.api.cmfyapp.com/asx-research/1.0/file/2924-03072031- 6A1317834&v=undefined Any other information the entity wishes to provide about the +securities the subject of this notification None. Issue details Number of +securities 3,192,855 ASX +security code New class - code to be confirmed +Security description Unquoted options +Security type Options ISIN code Yes 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 Date the +securities the subject of this notification were issued 23/9/2026 Will all the +securities issued in this class rank equally in all respects from their issue date? Were any of the +securities issued to +key management personnel (KMP) or an +associate? Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Donna Lee Thornton Donna Lee Thornton 3,427,200 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. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.asxonline.com/companies/e/status/viewPdf/3124435 Options Details +Security currency AUD - Australian Dollar Exercise price AUD 0.39800000 Expiry date 30/6/2030 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option VAL : ORDINARY FULLY PAID Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://asx.api.cmfyapp.com/asx-research/1.0/file/2924-03072031- 6A1317834&v=undefined Any other information the entity wishes to provide about the +securities the subject of this notification None. Issue details Number of +securities 13,817,337 No Yes 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 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 VAL : ORDINARY FULLY PAID 300,000,000 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 VALAA : ORDINARY FULLY PAID RESTRICTED 240,000,100 VALAB : OPTION EXPIRING 25-MAR-2029 RESTRICTED 500,000 VALAC : OPTION EXPIRING 25-MAR-2029 RESTRICTED 500,000 VALAD : OPTION EXPIRING 25-MAR-2029 RESTRICTED 1,000,000 VALAE : PERFORMANCE RIGHTS RESTRICTED 6,750,000 New class - code to be confirmed : Performance rights 3,192,855 New class - code to be confirmed : Unquoted options 13,817,337 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? 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Yes